Securing a mutually-beneficial deal with the EU is "vital" for the City of London, says lord mayor Andrew Parmley

 
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Lord Mayor Of London Makes Historic Debut With The London Symphony Orchestra In St Paul's Cathedral
Andrew Parmley is the lord major of London (Source: Getty)

The UK’s Brexit deal with the EU needs to “aid the flow of goods and services with our biggest trading partner” and is “vital” for the City of London, the lord mayor will say in a speech tomorrow.

Andrew Parmley will also warn that a “bonfire of regulation” will be of no benefit, with Square Mile firms instead needing “mutual recognition and reciprocal market access”.

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“Following the UK’s vote last June to leave the European Union, we are more focussed than ever on new areas of commercial opportunity and trade,” he is expected to say at his Easter banquet at Mansion House.

“First and foremost we must secure a mutually-beneficial deal with the EU. This deal must aid the flow of goods and services with our biggest trading partner.

“For the firms I represent, and the millions they support, a deal is vital.”

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He will add: “A bonfire of regulation would have no benefit following Brexit, instead we seek mutual-recognition, and reciprocal market access.

“We are always working to enhance our competitive offer. Maintain ourselves as an open and international economy, and a welcoming and safe place for foreign investments.”

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