Skip to main content
Mayor of London logo London Assembly logo
Home

What are the economic implications of Brexit for London?

Created on
24 February 2020

In July 2019, it was estimated that approximately 1,103,000 EU citizens live and work in the UK [1].

14 per cent of jobs in London are held by workers from the EU, compared to 6 percent in the rest of the UK [2]. Overall, 40 per cent of jobs in London are held by people born outside of the UK, compared to 13 per cent in the rest of the UK [3].

Tomorrow, the Economy Committee will explore the economic implications of the UK’s exit from the European Union for London, with a particular focus on the following areas:

  • Migration and the job market
  • Exports and investment
  • Productivity
  • The cost of living and wages

The guests are:

  • Alex Conway, Assistant Director, Brexit and European Programmes, GLA
  • Jonathan Portes, Professor of Economics and Public Policy, Kings College London
  • Peter Levell, Senior Research Economist, Institute for Fiscal Studies
  • Karolina Gerlich, Director and Founder, National Association of Care & Support Workers
  • Brian Bell, Member of the Migration Advisory Committee and Professor of Economics, King’s college

The meeting will take place on Tuesday, 25 February at 10am in the Chamber, at City Hall (The Queen’s Walk, London SE1).

Media and members of the public are invited to attend.

The meeting can also be viewed LIVE via webcast or on our YouTube channel.

Follow us on Twitter @LondonAssembly and tweet about the meeting using #AssemblyEconomy and #EUExit

Notes to editors

 

  1. ONS, The number of EU citizens living in London, July 2019
  2. The European Economic Area comprises the Member States of the EU proper alongside Norway, Iceland, Switzerland and Liechtenstein. EU nationals have the same Freedoms of Movement as EU Citizens.
  3. GLA, October 2019, The economic impact for Brexit on Londonp.44
  4. Read the agenda papers.
  5. Léonie Cooper AM, Chair of the Economy Committee, is available for interview. 
  6. Find out more about the London Assembly Economy Committee.
  7. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

For media enquiries, please contact Aoife Nolan on 020 7983 4067.  For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.

Need a document on this page in an accessible format?

If you use assistive technology (such as a screen reader) and need a version of a PDF or other document on this page in a more accessible format, please get in touch via our online form and tell us which format you need.

It will also help us if you tell us which assistive technology you use. We’ll consider your request and get back to you in 5 working days.