Business body London First withdraws support for PM’s deal, ready to support a People’s Vote - People's Vote

Business body London First withdraws support for PM’s deal, ready to support a People’s Vote

The influential business body London First has reportedly withdrawn support for Theresa May’s Brexit deal and is instead ready to support a People’s Vote as the only way forward.

Jo Johnson, the Conservative MP for Orpington, who resigned from the Government in November to campaign for a new public vote, said:

“This change of heart by London First is hugely significant. It show that it is becoming clear to businesses across the U.K. that this is a bad deal which will damage many of the fastest-growing sectors of our economy, drain investment and talent,  as well as lock in uncertainty for years to come.”

 

Chuka Umunna, the Labour MP for Streatham, former Shadow Business Secretary and another leading supporter of the People’s Vote campaign, said:

“The Government's deal offers nothing to services, on which London's dynamic economy depends and businesses have been voting with their feet by cutting jobs and investment or moving abroad.

“Dublin, Paris and Frankfurt see the deal as a gift, while London sees it as a route to a blindfold Brexit that will mean years of uncertainty while our competitors can offer security and stability inside the EU, the Single Market and Customs Union.

“The promises of frictionless trade are to be broken and none of us have to accept a deal that is nothing like what we were promised and is much worse than the deal we have now in the EU.

“A People's Vote is now the only way forward to avoid years of chaos and damage to the economy of the capital and the rest of the UK.”

/ends

 

Notes to editors

More on this story can be read here: https://www.thetimes.co.uk/article/business-group-ready-to-back-new-vote-9cl8j333m