asked Her Majesty's Government:
Whether they can demonstrate with proven statistics that the current use of Greenwich Mean Time +1, which is not synchronised with Central European Time, creates better conditions for the financial services industry combined with trade and travel to Europe than if the nation switched to single/double summer time, which is synchronised with Central European Time. [HL974]
There are potential advantages and disadvantages of a change to the summer time arrangements, which would have an impact on a range of industries including financial services, trade and travel.
We consider that the present situation is a satisfactory compromise between those who prefer lighter mornings and those who prefer lighter evenings and we are not convinced that a change to our winter time and summer time arrangements would be in the best interests of the UK.