Agenda and minutes
Economy Committee - Tuesday 13 December 2016 10.00 am

To receive any apologies for absence and any announcements from the Chair.

1.1  An apology for absence was received from Kemi Badenoch AM, for whom Keith Prince AM substituted.

Report of the Executive Director of Secretariat

Contact:  Rachel Greenwood, [email protected], 020 7983 4285

The Committee is recommended to:

(a)  Note the list of offices held by Assembly Members, as set out in the table at Agenda Item 2, as disclosable pecuniary interests;

(b)  Note the declaration by any Member(s) of any disclosable pecuniary interests in specific items listed on the agenda and the necessary action taken by the Member(s) regarding withdrawal following such declaration(s); and

(c)  Note the declaration by any Member(s) of any other interests deemed to be relevant (including any interests arising from gifts and hospitality received which are not at the time of the meeting reflected on the Authority’s register of gifts and hospitality, and noting also the advice from the GLA’s Monitoring Officer set out at Agenda Item 2) and to note any necessary action taken by the Member(s) following such declaration(s).

2.1  The Committee received the report of the Executive Director of Secretariat.

2.2  During the course of discussion at Item 6 (Impact of the EU Exit on London’s Big Businesses), Joanne McCartney AM declared a non-pecuniary interest as Deputy Mayor for Education and Childcare and, as such, did not take part in the short section of discussion that related to careers advice.

2.3  Resolved:

(a)  That the list of offices held by Assembly Members, as set out in the table at Agenda Item 2, be noted as disclosable pecuniary interests; and

(b)  That the declaration of a non-pecuniary interest made by Joanne McCartney AM during the course of discussion at Item 6, be noted.

The Committee is recommended to confirm the minutes of the meeting of the Committee held on 8 November 2016 to be signed by the Chair as a correct record.

3.1  Resolved:

That the minutes of the meeting held on 8 November 2016 be signed by the Chair as a correct record.

Report of the Executive Director of Secretariat

Contact:  Rachel Greenwood, [email protected], 020 7983 4285

The Committee is recommended to note the completed and outstanding actions arising from its previous meetings.

4.1  The Committee received the report of the Executive Director of Secretariat.

4.2  Resolved:

That the completed and outstanding actions arising from previous meetings of the Committee be noted.

Report of the Executive Director of Secretariat

Contact:  Rachel Greenwood, rachel.greenwood @london.gov.uk, 020 7983 4285

The Committee is recommended to note the recent action taken by the Chair, Fiona Twycross AM, under delegated authority, namely to agree, in consultation with party Group Lead Members, the Committee’s report on the EU Exit and financial services.

5.1  The Committee received the report of the Executive Director of Secretariat.

5.2  Resolved:

  That the recent action taken by the Chair, Fiona Twycross AM, under delegated authority be noted, namely to agree, in consultation with party Group Lead Members, the committee’s report on the EU exit and financial services.

Report of the Executive Director of Secretariat

Contact: Carmen Musonda, [email protected]; 020 7983 4351

The Committee is recommended to note the report as background to the discussion with invited guests on the impact of the EU exit on London’s big businesses.

6.1  The Committee received the report of the Executive Director of Secretariat as background to putting questions on impact of the EU exit on London’s big businesses to the following invited guests:

·  Rajesh Agrawal, Deputy Mayor for Business;

·  Dr Hilary Coles, Associate Director, Global Clinical Operations, Janssen R&D UK;

·  Dr David Lutton, Director of Policy, London First; and

·  Simon Kleine, Director Corporate Communications, Tech London Advocates.

6.2  A transcript of the discussion is attached at Appendix 1.

6.3  As outlined at Item 2, during the course of discussion, Joanne McCartney AM declared a non-pecuniary interest as Deputy Mayor for Education and Childcare and, as such, did not take part in the short section of discussion that related to careers advice.

6.4  At the end of the discussion, the Chair thanked the guests for their contributions.

6.5  Resolved:

That the report and discussion be noted.

Report of the Executive Director of Secretariat

Contact: Carmen Musonda, [email protected]; 020 7983 4351

The Committee is recommended to agree the work programme and priorities for 2016/17, as set out at paragraphs 4.2 – 4.4 of the report.

7.1  The Committee received the report of the Executive Director of Secretariat.

7.2  Resolved:

That the work programme and priorities for 2016/17 be agreed.

The next meeting of the Committee is scheduled for Tuesday, 17 January 2017 at 10.00am in the Chamber, City Hall.

8.1  The date of the next meeting of the Committee was confirmed as Tuesday, 17 January 2017 at 10.00 am in the Chamber, City Hall.

9.1  There were no items of business that the Chair considered to be urgent.

10.1  The meeting ended at 11.26am.