Review of EU membership (2)

Meeting: 
MQT on 2013-07-17
Session date: 
July 17, 2013
Reference: 
2013/2372
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Can you supply me with the brief, or scope, of your Chief Economic Advisor's analysis of Britain's membership of the European Union and its implications for London's economy?

Answer

Answer for Review of EU membership (2)

Answer for Review of EU membership (2)

Answered By: 
The Mayor

I have asked my Chief Economic Advisor, Gerard Lyons, to carry out an economic and financial Report on the pros and cons for London of EU membership. This will take into account all the key issues as they impact London linked to the forthcoming UK debate, renegotiation and possible Referendum on membership of the EU.

The aim is to better understand issues such as how London is currently impacted by EU membership, the possible impact of future regulation, how London might better maximise opportunities within the EU either now or, as part of any renegotiation and, an assessment, based on possible future scenarios, regarding UK membership. As the Report progresses, other issues will likely arise that we need to take into account.