Customs Unions: Greater London

Department for Exiting the European Union written question – answered on 11th June 2018.

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Photo of Rushanara Ali Rushanara Ali Labour, Bethnal Green and Bow

To ask the Secretary of State for Exiting the European Union, what assessment he has made of the effect on London of the UK leaving the customs union.

Photo of Rushanara Ali Rushanara Ali Labour, Bethnal Green and Bow

To ask the Secretary of State for Exiting the European Union, what assessment he has made of the effect on London of the UK leaving the single market.

Photo of Robin Walker Robin Walker The Parliamentary Under-Secretary of State for Exiting the European Union

The Government is committed to positive and productive engagement with the Mayor of London and all local government within the UK, and will continue to work closely with them to understand the implications of the UK’s withdrawal from the EU. Ministers from across Government have also carried out extensive engagement on EU exit with businesses and industry bodies from all sectors of the economy and all regions of the UK, including those headquartered in London.

The Government is undertaking a wide range of ongoing analysis in support of our EU exit negotiations and preparations. Ministers have a specific responsibility, which Parliament has endorsed, not to release information that would reveal our negotiating position.

In March 2018, the Global Financial Centres Index showed London retained its position as the leading global financial centre, for the third year in a row, ahead of New York, Singapore, Hong Kong and Tokyo. We will be seeking a bold and ambitious partnership which ensures that London maintains this world-leading position.

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