European Union (Amendment) Bill

My Lords, is the noble Lord seriously saying that the City of London does not benefit from the common market and financial services created by the EU? I assure him that British financial services organisations and those international companies based in London are full participants in the work of creating the legislation under the financial services action plan. I see heads nodding, but there are some people who try to dissent. The overwhelming view of the City of London and the Corporation of London is that the EU single market has been a great advantage to British financial services.