Economy answers, June 19 MQT
Question No: 2019/12156
Andrew Dismore
In the EU Exit Working Group in February, it was stated that the LEAP provides the Government with business intelligence relating to Brexit on a weekly basis. Are the Government taking your intelligence and recommendations on board?
Answer for LEAP and Brexit
The Mayor
Last updated: 25 June, 2019
Officers are drafting a response
Question No: 2019/12157
Andrew Dismore
The Home Affairs Select Committee published a report which highlighted their serious concerns about the design of the settlement scheme for EU citizens. Can you update me on the discussions that you have had with Government on this matter?
Answer for EU settlement scheme
The Mayor
Last updated: 25 June, 2019
Officers are drafting a response
Question No: 2019/12158
Andrew Dismore
Have you received any further information from the Government about London’s share of the UK Shared Prosperity Fund, which is due to replace EU funding after Brexit?
Answer for Replacement of EU funds
The Mayor
Last updated: 25 June, 2019
Officers are drafting a response
Foreign Direct Investment in London
Question No: 2019/12200
Andrew Dismore
According to the Guardian, (https://www.theguardian.com/business/2019/jun/04/retailers-warn-of-fresh-wave-of-job-losses-and-store-closures)
“A survey by the consultancy and auditing firm EY found that the UK retained its position as the No 1 European destination for foreign direct investment (FDI) in 2018, but the number of projects was down by 13% on the previous year. Fifteen per cent of global investors have put investment plans in the UK on hold owing to Brexit, the firm said, but only 6% planned to move assets out of the UK in the future. Sectors exposed to Brexit experienced major declines in FDI in 2018, with manufacturing down by 35%, headquarters down 49% and R&D down 17%.”
How do you think this will affect London in particular, and do you agree that this is yet more evidence that a hard Brexit will do calamitous damage to our economy?
Answer for Foreign Direct Investment in London
The Mayor
Last updated: 25 June, 2019
Officers are drafting a response
