I am really grateful to the hon. Gentleman for his apology, which is unnecessary—he had already apologised to me privately. I have been practising my flounce, although I am not sure I have perfected it yet. [Interruption.] It is something like that—[Laughter.] I was not quite sure what a flounce was. I know that the hon. Gentleman’s daughters told him off; I would like to put that on the record—we know when we see a bit of sexism.
The hon. Gentleman raises a very serious issue about the ancient institution of the Bank of England, to which we all in this place owe a great debt of gratitude given its determined pursuit of the national interest over many years. Colleagues have different views about how different spokespersons for the Bank of England represent their views, and it is right that we allow freedom of speech in this place. But the hon. Gentleman’s fundamental point is about the importance of the Bank of England, and I share his great regard for it.