European Union (Amendment) Bill

My Lords, perhaps I may intervene again because the noble Lord made a personal remark to the effect that I obviously know nothing of what I was talking about. I spent the second half of the 1980s working in the City, first for Lloyd’s of London and then for American Express Europe; so I did work in financial services. The EU has been a great benefit to the London insurance market. Having worked for an American international company, I know that it took full advantage of the EU. So I do know a little bit about financial services.