Finance Bill

Yes. The service sector is crucially important, but we are now seeing changes in definition. When I used to work at Rolls-Royce, we did everything, but it is all subcontracted now. Some of the subcontractors are classified as service industries, such as the catering, management systems and accountancy, but previously they would have been involved in manufacturing. There are slight changes in definition, but I take the general point that services must be a major part of Britain’s economy—we have to up the value of service industries if we are to compete in the future.