Businesses moving abroad

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5236
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In your discussions with London's businesses, how many have said to you that they intend to enact their relocation plans early next year due to the continued uncertainty surrounding Brexit?

Answer

Answer for Businesses moving abroad

Answer for Businesses moving abroad

Answered By: 
The Mayor

I cannot answer your question directly, as the discussions I have with businesses leaders include those sharing confidential issues and concerns about how they are planning to reorganise their business in response to the uncertainty around the UK's future relationship with Europe. However, much of what has been said to me directly is reflected broadly in the statements made in the press about Brexit contingency planning by firms from a range of sectors in the capital.