Energy Saving (Daylight) Bill

I am intrigued by the argument about the financial markets. I have worked in the New York financial markets, and the hour when people start work is getting earlier, to overlap with the London market. My hon. Friend’s example of the 9 am opening of the stock exchange is not particularly relevant, because the foreign exchange traders are generally in at 7 am, and the derivatives dealers at 7.30 or 8 am. That is already happening. One of the advantages of the Bill is that it would give us an additional new overlap with Tokyo, which would finally put us at the centre of the global markets in terms of time zones.