Newspaper article The Evening Standard (London, England)

Sadiq Seeks to Speak for the City on Brexit

Newspaper article The Evening Standard (London, England)

Sadiq Seeks to Speak for the City on Brexit

Article excerpt

THE Mayor, Sadiq Khan, has suggested that the Prime Minister, Theresa May, should delay triggering Article 50, effectively kickstarting Britain's divorce from the EU, until after the French and German elections next year. That way, he feels, the countries' leaders will be less inclined to talk tough in order to court favour with their electorates and will, instead, be inclined to take a more co-operative and mutually beneficial stance. It's obviously a sensible course except that the drive to expedite divorce proceedings does not come from Mrs May but from Francois Hollande and, to a lesser extent, Angela Merkel. It is they who want to conclude the issue as soon as possible.

Still, it is right and proper that Mr Khan should be engaged with the question, since he represents London and in particular, the interests of the City. And even though he is a Labour mayor he has quite rightly sought to protect the City. It will help morale in the financial sector that the Mayor is a visible and prominent champion of its post-Brexit interests; the settlement we strike with the EU on financial services is perhaps the most crucial element of the entire Brexit deal. …

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