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I'm so pleased to say joining us right now is Jeremy Hunt, UK Chancellor of the Exchequer. Thank you so much for being with us. I am curious. There is this agreement that you just came to. Can you explain why it was so important to come to this financial agreement between Switzerland and the United Kingdom?

Hi, Lisa. Thank you for inviting me onto the show. This is a very groundbreaking agreement. It's never happened anywhere in the world before. And it links two of Europe's largest financial centers, city of London and Zurich. And instead of doing what previous trade deals and mutual recognition deals do, which is try to align legal frameworks. What we're doing here is we're saying that in the UK, we will allow Swiss companies to operate following Swiss regulatory structures and rules. And in Switzerland, they will allow British based companies to operate following UK rules and regulations without the need for both countries to align their legal frameworks. And so in terms of the wholesale insurance market, asset management banking, this is a really significant deal. But also could be a template for the kind of deals that the UK does with other countries going forward.

That's exactly where I was going to go, Chancellor.