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Mayor Sees London Poorer After Brexit

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The U.K.’s departure from the European single market will make London poorer, the capital’s mayor told CNBC.

Speaking exclusively to CNBC Thursday, Sadiq Khan said that leaving the single market “would be bad for London.”

“I accept the case that the British public have voted to leave the European Union, to leave the structures of the legal institutions. What the British people haven’t done is to vote to make us poorer,” Khan said on the sidelines of the World Economic Forum in Davos.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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