I absolutely take that point. In terms of expense, of course, having a big headquarters in London has a value all of its own—although that is not the point. That is why we are consulting on exactly these issues.
My Lords, the Minister has already talked about the public sector broadcasting role of Channel 4, with its high-quality and distinctive output. He also mentioned diversity. Last year, in its year of the disabled, in addition to the Paralympics and “The Last Leg”, Channel 4 doubled the number of disabled people appearing on screen and ring-fenced more than 50% of its apprenticeships for young disabled people. Can the Minister assure the House that any future steps to move or relocate any of the business will not get in the way of its very important role in highlighting the role of disabled people and in ensuring that they get access to work in the media?
Of course, I completely agree with the importance of that—and when we have the consultation, it will be one of the things that can be taken into account. Channel 4, along with other public service broadcasters, has a responsibility to look at diversity and take it very seriously.