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Mayor urges businesses not to panic following Brexit vote

PUBLISHED: 12:54 24 June 2016 | UPDATED: 12:54 24 June 2016

The mayor was a vocal supporter of the Remain campaign

The mayor was a vocal supporter of the Remain campaign

PA Wire/Press Association Images

Mr Khan said he believed London could survive and prosper outside the EU

Mayor of London Sadiq Khan has urged businesses and investors not to panic following the UK’s dramatic decision to quit the European Union (EU).

Mr Khan, a vocal supporter of the Remain campaign, said he agreed with Prime Minister David Cameron that Britain could survive and prosper outside the EU.

Along with Scotland and Northern Ireland, London was one of the biggest Remain backers, with 59.9 per cent of voters across all 33 boroughs wanting to stay part of the EU.

Mr Khan said: “I want to send a clear message to the British people and to businesses and investors around the world this morning - there is no need to panic.

“I still believe that our country is better off within the European Union, but there is no doubt that London will continue to be the successful city it is today.

“Our city and our country will continue to be the best place in the world to do business. And we will continue to look outwards and trade and engage with the entire world - including the European Union.”

The referendum revealed stark divisions across England and Wales, with large urban areas tending to vote Remain while smaller towns and rural areas backed Leave.

The mayor added: “Although we will be outside the EU, it is crucial that we remain part of the single market.

“Leaving the single market of 500 million people - with its free-trade benefits - would be a mistake. I will be pushing the government to ensure this is the cornerstone of the negotiations with the EU. It is crucial that London has a voice at the table during those renegotiations, alongside Scotland and Northern Ireland.”

Chairman of the London Assembly Tony Arbour added: “The country has spoken, we respect that; and the London Assembly will now work positively with the Mayor to ensure that opportunities for London are maximised and any risks for our city are well managed. We will strive to ensure good relations with our European neighbours.

“The role of the London Assembly does not change - we will continue to work in cross-party cooperation for the best interests of Londoners and hold the Mayor to account.”

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