My Lords, my noble friend Lord Peston rightly reminds me that I did not respond to the point raised by the noble Lord, Lord Saatchi, about a future debate. Of course, as the House knows, that is a matter for the usual channels. Personally, I should be very happy to have a debate on this subject.

My noble friend is entirely right about the content of the White Paper. It was promised in the Chancellor's speech to the CBI in November last year. It addresses the reforms which are necessary in Europe in our labour, capital and product markets in order to increase competition and modernise the European economy. Those are matters of the most profound importance and they will be of great importance at the Barcelona Summit meeting and beyond. They were foreshadowed in the Lisbon Summit.