Such a decision would effectively be the Corporation adopting a partisan political stance on the biggest subject of the day, when it will have to work with administrations to represent the Square Mile in both Westminster and Brussels regardless of the outcome.
It would be to undermine the City's non-political status in a profound way – and that would be something to be lamented, whatever one’s view in the “Brexit” debate might be. Partisan political candidacy in City elections would surely follow this precedent, ending the City’s history of independent candidates.
All this means that the City would be wrong to adopt a position – and, furthermore, City electors have not been canvassed in any meaningful way on Brexit anyway. In this debate, the City should maintain the age-old neutrality that has served it so well for so long.
Lord Lamont of Lerwick
David Reid Scott