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we concluded the right solution for lloyds was a form a subsidiary of the lloyds market on shortly you. on shore eu.u -- london will remain the financial center for lloyds. if you look at other parts of the financial services sector, they have slightly different criteria at work. i think you will see some transfer. i still think that london will remain a powerful financial center. jon: theresa may will have a year to work on the sweeping trade deal she wants. >> they came up playing hardball with the u.k., saying they will not negotiate a free trade agreement with you until you come to an agreement on some of these issues. the bill that the u.k. ocu. having said that, there were glimmers of an overture. if you look at the language that donald tusk used, it talks about we will talk to you about your free-trade agreement if we see submission progress on these key issues like the bill. he did not actually say everything needs to be wrapped up, signed, sealed and delivered before free trade. >> we heard that will be any bilateral talks, with specific nations which i guess is not much of a