However, it may also reflect the fact that the increased convenience of these different channels is simply translating into a permanent increase in consumer welfare and not necessarily into a permanent increase in revenue or a permanent reduction in costs.
At home, we hear voices questioning the value of European integration and the need for us to go on working together as a Union to be stable and prosperous. Globally, we face a world where the rules-based order is weakening, old and new powers are rising, and climate change is becoming the pre-eminent challenge of our age.