And local shops, pubs, bars and cafes get all the business from the thousands of workers that come in most working days. It's also a generalisation to say that the finance being processed by the city is just going to the rich. The city is no.1 in the world for trade finance and insurance. They still ring a bell in Lloyds every time a ship sinks. The insurance market and trading floors are a fascinating place. These trades are vital for global commerce. And while there are no doubt lots of funds under management on behalf of the global rich, there's billions under management on behalf of everyone else's pensions and public services. NHS trusts, police forces, local authorities, they all use the capital markets. They invest spare funding into timed deposits that are paid out with interest.