Clearly they have come to the Government and said, “The only reason we’re in this country is to platform into the EU market, and if we face tariffs we want the money back or we’re going to move,” and the Government have given them the money. I know the right hon. Gentleman knows nothing about economics and just criticises the Bank of England, but that is the simple business case.
As for the ridiculous arguments the right hon. Gentleman and his colleagues put about on trade, what he wants to do is turn his back on 46% of our trade and somehow dream we can make up those relationships, which were always weaker than the EU negotiating new bilaterals. That is fantasy land.