If the noble Lords thinks about it, that is just what he has implied. Effectively, he is saying that if London were not so successful the UK would be more homogeneous and that would be better. I am saying that we should use London’s success to earn the money to help pay for new investment in other parts of the country and the transfer payments that are needed. That is what is actually happening. I think that we should take a positive view of London’s success and not a negative view because other parts of the country are not doing as well at present.
I close with my third area of good news. When I looked at the Government’s infrastructure plan back in about 1911—I am sorry, 2011; I am much older than I look—I asked the Financial Secretary to the Treasury when these things were going to happen but he could not give me an answer. I am delighted to hear today from my noble friend Lord Deighton about all that is now happening, and I congratulate him on having really got things going. The plans were there but we had all manner of burdens and hurdles to get over to make things happen. It is good news that they are now happening, as those infrastructure investments are badly needed. Therefore, I end on what I view as three very positive things for this economy.
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