Now London must “take back control”, says London mayor Sadiq Khan June 28, 2016 Following the UK's vote to leave the EU, Sadiq Khan has said that the capital needs to "take back control" to protect "jobs, wealth and prosperity". Speaking among business leaders to demand more autonomy for London, Khan said that further devolution would be to the benefit of the whole country. "As much as I might like the [...]
What you need to know about passporting June 27, 2016 Passporting, something previously little heard of by those outside the financial services industry, seems to have been a big source of panic post-Brexit vote. Sadiq Khan told City A.M. over the weekend that a loss of the provisions would be "a disaster", while London-headquartered HSBC warned back in February that it would consider moving as many as 1,000 [...]
No emergency Budget: George Osborne moves to calm markets – but pound stays lower June 27, 2016 The pound edged up against the dollar as George Osborne sought to calm markets first thing this morning, saying there will be no emergency Budget at least until a new Prime Minister is in place. Earlier this month, Osborne had said a Brexit vote could lead to an emergency Budget "within weeks" – but this morning Osborne [...]
Britain needs a liberal post-referendum plan June 27, 2016 Does the country feel different to you? Do you feel it stands a little taller in the world or has it already shrunk in status? Whatever your perspective on the referendum result, Britain now finds itself at an historic and unprecedented juncture. First and foremost, the outcome of this vote must be accepted as the democratic [...]
Sadiq Khan and the City of London corporation have promised to fight for the rights of City businesses to access customers in the EU June 26, 2016 The Mayor of London has vowed to fight for the City's access to Europe's single market, including vital rights estimated to be worth billions to UK-based institutions. Sadiq Khan last night told City A.M. the loss of passporting – the system that allows UK-regulated banks to operate across the European Union – would be “a disaster”. [...]
EU referendum: Top Labour MP wants parliament to overrule the EU referendum result June 25, 2016 A senior Labour MP has called on parliament to strike down the result of Thursday's referendum and stay in the European Union. David Lammy, MP for Tottenham and a former minister under Tony Blair and Gordon Brown, said the UK needed to "wake up" and wants parliament to stage a vote next week so it [...]
Sadiq Khan: London must have a seat around Brexit negotiating table June 25, 2016 London mayor Sadiq Khan, who was a prominent Remain supporter, has said the capital "needs a seat around" the Brexit negotiating table. Speaking to LBC Radio, Khan said: "London was the one city in England that voted to remain in the EU. We didn't just vote by a small amount, 60 per cent voted to remain, that's a big big win." [...]
Pride 2016: London march in photos June 25, 2016 Thousands of people from across the world are flooding through London’s streets on the 43rd annual Pride march through the capital. Rainbow flags are being flown across a number of city landmarks, with others list up to celebrate the occasion. Conservative MP and International Development Secretary Justine Greening, also chose today to announce she is in a [...]
Bookies cut the odds on Boris for next Prime Minister June 24, 2016 Boris Johnson has been named as early favourite to replace David Cameron as Prime Minister by William Hill and Ladbrokes. The bookmakers have both named the former London mayor as even money favourite to become the next elected Conservative leader, with William Hill cutting Johnson from 11/4, and Ladbrokes cutting his price from 6/4. Home secretary [...]
London mayor Sadiq Khan has said it is “crucial” for UK to remain in single market, despite yesterday’s Brexit vote June 24, 2016 London mayor Sadiq Khan has sought to reassure business and investors of the city's status, while also noting that the UK's membership of the single market remains "crucial". Brexit campaigners, including Boris Johnson, have been clear that the UK must detach from the market. However, Khan said that despite yesterday's Leave vote, the UK should still retain [...]