London needs a published plan of action to give the capital and
the financial markets further reassurance. This should cover
issues including the impact of Brexit on future funding, London’s
financial services sector and the regulatory framework for
environmental standards.
The London Assembly EU Exit
Working Group also wants the Mayor to make it clear
to the Government that leaving the EU with no deal in place on
trade, or a transition period could have a disproportionate
effect on London.
In a wide-ranging letter to the Mayor, the
Assembly’s EU Exit Working Group urges
him, in his regular meetings with , Secretary of State for
Exiting the European Union, to make the case for protecting the
future of the financial services sector in London and to continue
to push the Government to accelerate the development of the UK
Shared Prosperity Fund.
AM, Chair of the EU Exit Working
Group said:
“After our recent meetings with the Mayor, and experts on European
funding, this letter pushes for further action in relation to the
financial services sector and funding regimes - and highlights
the need for an overall plan.
The Mayor has a plan for housing in London, a plan for the
environment, a plan for transport – but he also needs to have a
proper Brexit plan.
This would give Londoners and the financial markets further
reassurance that the Mayor is addressing their concerns and
keeping up the pressure on the Government to reflect London’s
needs in the negotiations with the EU.”
Notes for Editors:
1. Letter to the Mayor
attached
2. London Assembly work on
the impact of Brexit to date.
3. Watch the webcast of the
meeting on European Funding
4. Watch the webcast of the
meeting with the Mayor of London
5. AM, Chair of the EU
Exit Working Group, is availa
