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Mayor to warn of 'cost of Brexit crisis'


pellinore

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Sadiq Khan will warn on Thursday of a "cost of Brexit crisis" as a report finds the average Londoner is £3,400 worse off because of Britain’s departure from the European Union.

In a speech to the London Government Dinner at Mansion House, the mayor will call for a "new settlement" with the EU to "turbocharge our economy and help raise living standards".

Research commissioned by City Hall and conducted by Cambridge Econometrics has found that the capital’s economy has shrunk by around £30 billion as a result of leaving the EU. Across the UK the figure was estimated at £140 billion.

The analysis concluded that individual Londoners have been harder hit on average by the impact of Brexit compared with the average Briton. While the average Briton was found to be £2,000 worse off, the figure rises to £3,400 for the average Londoner.

Mayor to warn of 'cost of Brexit crisis' as analysis finds Londoners £3,400 worse off | Evening Standard

Edited by pellinore
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