The Telegraph published a bizarre insight into the world of Euroscepticism recently in this article by Ruth Lea.

She wondered "who will raise the alarm" about Brussels "being out to clobber the City". Perhaps the reason no-one has, is that there is nothing to be alarmed about.

"Brussels", after all, is simply where we meet our fellow members of the EU to negotiate on common rules for our common market. The idea that the rest of them are out to get us is uttertly ridiculous, especially as they all benefit from a well-performing City!

By all means, work hard to get the details of the Financial Services Action Plan right. If we do, the City will reap substantial benefits. But to brand the whole idea as a "Brussels" plot on the basis of figures from "Open Europe" - an anti-EU campaign group - and to dismiss the constructive approach of the government as biased is standing the world on its head!