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My Lords, I should declare two possible interests. I am a director of a bank that has not taken assistance from any Government and a director of an untroubled insurance business. Despite all its disasters, the financial services industry is still a formidable asset to this country. Your Lordships' Economic Affairs Committee's measured recommendations on reform of the tripartite system have...
My Lords, perhaps I may quickly answer those pertinent points. The big ice melting was about 12,000 years ago at the end of the last glaciation, which greatly increased sea levels. The more recent increases of about seven inches since the little ice age are thought by the experts to be due to thermal expansion, at which I think the noble Lord hinted. As the seas get a little warmer, they...
Yes, my Lords, with the recovery from the little ice age that I referred to earlier, that is at about 0.6 degrees per century since about 1370.
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