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Lord Livermore (Lab)

Speaking in the House of Lords on 28 November 2024

Debate

International Banking: Payments

Contribution

I share some of the noble Baroness’ frustrations in this regard. I am always happy to vouch for her that she is not a terrorist; I am very certain of that fact. The noble Baroness is obviously making a very serious point. Clearly, fragmentation along the lines that she describes would be very damaging to the global economy—we must ensure that this does not proceed. The evidence of the extent to which fragmentation has occurred is mixed, and we should keep an eye on the data. I very much bear in mind the points she makes.

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