London mayor Sadiq Khan suggests second Brexit referendum

EPA-EFE/NEIL HALL

London mayor Sadiq Khan suggests second Brexit referendum


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The London mayor Sadiq Khan has suggested on Monday a second referendum could be on the cards if parliament rejected the Brexit deal eventually struck between the government and the 27 remaining EU member states.

“Of course that’s one of the options because you can’t have a situation where our parliament is supposed to be sovereign, our parliament rejects the deal made by our government and everyone is in paralysis,” the London mayor told Sky News.

Sadiq Khan said big companies are not bluffing when they threaten to move business from London due to uncertainty over Britain’s departure from the European Union,

Asked about Goldman Sachs CEO Lloyd Blankfein’s tweet that he would spend more time in Frankfurt due to Brexit, Khan told BBC radio: “He’s articulating publicly what many CEOs and investors who love working in London have been saying privately, which is that unless they have certainty about what happens after March 29, 2019, they have got to make a plan B.”

“He’s not bluffing. When I speak to businesses each day, they’re not bluffing,” Khan said

“To be fair to the chief executive of Goldman Sachs, he’s articulating publicly what many CEOs, investors and people who love working in London have been saying privately, which is, unless they have certainty about what happens after March 2019, they’ve got to make a Plan B.

“They can’t afford to say to their shareholders and those who work for their business come March 2019: ‘We forgot to make plans, we didn’t plan for this and so, as a consequence, we’re paying the price for falling off the cliff-edge’.

“That’s why the prime minister and our government need to – as soon as possible – announce what plans we’ve got for the transition period. That includes how long it’s going to be and what it entails. Otherwise, my fear is that other businesses could well be thinking of leaving London and will realise those plans by making these announcements.

“If you speak to the CBI, they say we need certainty by the first quarter of next year. The deputy governor of the Bank of England is saying by the end of this year. The prime minister and our government has got to provide businesses with the certainty they need.”

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