Sadiq Khan requests special Brexit deal for London

Caoimhe Toman WebFG News | 04 Dec, 2017 17:57 | | |

Sadiq Khan Mayor of London

Mayor of London, Sadiq Khan is requesting a special Brexit deal to allow London to stay within the European Union’s single market and customs union.

Earlier today, following talks between the Prime Minister and EU Commission head Jean Claude Juncker, a draft text for the agreement on the Irish question was released stating that there will be no "regulatory divergence" on the island after the UK leaves the bloc.

DUP leader, Arlene Foster responded angrily, saying that the party would by no means accept a deal where Northern Ireland doesn’t leave the EU on the same terms as the rest of the UK.

In an unexpected turn of events, that was followed by both Mayor of London Sadiq Khan and Scottish First Minister Nicola Sturgeon releasing statements in which they requested special deals for both London and Scotland too, as most of their citizens had voted to remain.

Sturgeon took to her Twitter account to say: "If one part of UK can retain regulatory alignment with EU and effectively stay in the single market (which is the right solution for Northern Ireland) there is surely no good practical reason why others can’t".

Khan was in a similar frame of mind, arguing for a similar arrangement to be put in place for the capital.

Khan added: "Londoners overwhelmingly voted to remain in the EU and a similar deal here could protect tens of thousands of jobs."

"We’ve got to recognise that leaving the EU poses huge challenges and the best way to mitigate that is to attract talent from India."

Speaking earlier from Mumbai, at the start of his six-day visit to India and Pakistan, Khan did his best to attract Indian talent to London, telling his audience that "London is open for talent".

"One of the justifications that some ministers in the government give to leave the EU is to have better trade relations with many countries like India. One of the best ways to encourage trade with India is to invite talent to London and UK,” he said.

Sadiq Khan has been adamant that London must remain 'open', despite Brexit and stringent visa norms. He told BloombergQuint in an interview: "We’ve got to recognise that leaving the EU poses huge challenges and the best way to mitigate that is to attract talent from India.”

The Mayor was also very critical of the decision to remove post-study work visas which had led Indians to choose to study in Canada or the US instead.

More news

18:07 Results round-up

Industrial equipment rental firm Ashtead said half year earnings were boosted by clean-up efforts after hurricanes Harvey, Irma and Maria and the weak pound as it posted a 16% rise in pre-tax profits to £493.1m.

18:02 Europe close: Technology and M&A power gains in shares

Stocks on the Continent gained ground on Tuesday paced by Technology issues, even as traders waited on the US central bank's policy announcement the next day.

17:53 London close: Forties failure lifts FTSE as inflation spikes

London stocks extended their gains on Tuesday as supply disruptions boosted the energy sector and investors mulled higher than expected UK inflation figures.

17:33 US open: Boeing, 3M push Dow Industrials to fresh record-high

Wall Street's main indices are again heading higher on Tuesday as the Federal Reserve kicks off its two-day rate-setting meeting and several positive updates from corporate heavyweights such as Boeing and 3M.

17:34 EasyJet acquisition of Air Berlin assets approved by European Commission

UK budget airline easyJet cleared a major regulatory hurdle on Tuesday as its proposed acquisition of airport slots and aircraft from Air Berlin was approved by the European Commission.

17:49 Facebook to overhaul its tax structure worldwide

Facebook will move its global tax and revenue base from Ireland and begin booking advertising locally in every country where it operates.

16:51 GSK given green light for Churg-Strauss syndrome treatment

GlaxoSmithKline has been given approval by the US drug regulator for a first targeted treatment for eosinophilic granulomatosis with polyangiitis (EGPA), previously known as Churg-Strauss syndrome.

16:44 Trump accuses Democrats of plot after sexual harassment claims

US President Donald Trump has claimed Democrats are behind a series of sexual harassment claims made against him this week.

16:41 Trump vows to send American astronauts to the moon

Donald Trump, the President of the United states signed the Space Policy Directive 1 to send astronauts to the moon again and to Mars for the first time in history.

16:33 Goldman Sachs keeps Barclays and Lloyds at 'sell'

Goldman Sachs reiterated its 'sell' recommendation on shares of Lloyds and Barclays, placing both stocks on its list of 'UK Sell Ideas' for 2018.