Part of the debate – in the House of Commons at 5:02 pm on 22 November 1983.
I declare an interest as a member of the London stock exchange. The right hon. Gentleman's quotations from the stock exchange submission and the Wilson report are incontrovertibly correct. Those who for many years have sustained a campaign to abolish minimum commissions seem not to realise the extent to which they have put the future of our greatest national asset—the City—at risk. My question to the right hon. Gentleman, however, is this. Does he accept the thrust of the Wilson committee's arguments or not?