(8 years, 4 months ago)
Lords ChamberI have to say that a number of discussions have taken place informally across Europe, culminating in the conversation that my right honourable friend the Prime Minister had last night. It was a culmination of discussions and consideration.
My Lords, can my noble friend explain why the noble Lord, Lord Hill, left his post as Commissioner—thereby, as I understand it, depriving us of holding a crucial financial portfolio?
I think that that was a decision taken by the noble Lord, Lord Hill, and I shall leave it to him to explain it. We have now replaced the noble Lord and I am looking to the future, not always to the past. We have replaced the noble Lord, Lord Hill, with an extremely experienced diplomat, Sir Julian King.