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House of Commons (Participation) Bill

London’s position in the world is due to its financial services industry and the power of the City of London as the world’s pre-eminent financial services market. That is a matter for the Treasury, which is not devolved to the Scottish Parliament or the Welsh Assembly. It is a United Kingdom matter, which does not arise in the debate. There are three, possibly four, solutions. The fourth solution is to do nothing—it is obvious that several hon. Members feel that that is the right way to proceed. The first solution, which several people have proposed, is to create a separate English Parliament, thus balancing the powers between an English Parliament, the Scottish Parliament, a possible Welsh Parliament and the Northern Ireland Assembly. I do not believe that we should follow that route.