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Mayor pressed to publish a Brexit plan of action

29 October 2017

LONDON ASSEMBLY BREXIT DIRECTIVE II–A Brexit strategy for London

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 David Davis, 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.

Len Duvall AM, Chair of the EU Exit Working Group said:

“After our recent meetings with the Mayor, Lord Heseltine 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 to 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. Len Duvall AM, Chair of the EU Exit Working Group, is available for interview – see contact details below.
  6. EU Exit Working Group
  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 Alison Bell on 020 7983 4228.  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.

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