:00:12. > :00:19.And for a majority of Londoners who hoped there might just be
:00:20. > :00:21.a slight chance that Brexit won't actually happen...
:00:22. > :00:33.But what about the City of London which said back in June
:00:34. > :00:35.that there could be a mass exodus of jobs and banks?
:00:36. > :00:38.That hasn't actually happened, and so Karl Mercer has been finding
:00:39. > :00:41.out if that means the City has changed opinion on Brexit,
:00:42. > :00:45.or if it's just showing a stiff upper lip.
:00:46. > :00:47.The ancient body that runs a City of London has
:00:48. > :00:49.a motto, it translates as, "Lord, guide us".
:00:50. > :00:51.The local church perhaps not going that far today,
:00:52. > :00:53.but at least offering a little comfort for those
:00:54. > :00:59.Because these were the headlines the day after last June's
:01:00. > :01:02.referendum, when the vote to Leave seemed to catch
:01:03. > :01:05.So this is the aftermath of the June Brexit vote.
:01:06. > :01:10.Since then the pound has stabilised, but concerns with some
:01:11. > :01:14.Worries about London losing business and jobs to other cities persist,
:01:15. > :01:18.but this market watcher believes the city will be able to cope.
:01:19. > :01:21.This scale of the changes that are going to be implemented over
:01:22. > :01:24.the course of the next few years are going to be gradual,
:01:25. > :01:28.as opposed to the systemic shock that we got in 2008.
:01:29. > :01:31.We do know that some City firms have already said they may move some
:01:32. > :01:33.staff out of London to other European cities.
:01:34. > :01:38.HSBC have confirmed 1000 jobs, JP Morgan reported up to 4000,
:01:39. > :01:44.UBS reported up to 1500 jobs and Morgan Stanley around 1000.
:01:45. > :01:47.The man who heads up the City of London Corporation admits
:01:48. > :01:50.further jobs could go, but how many?
:01:51. > :01:53.From sort of 2000, if we kept the existing level of access
:01:54. > :01:58.to the EU, up to perhaps 75,000 if we didn't.
:01:59. > :02:00.That's a pretty hefty range, and it rather indicates
:02:01. > :02:02.that the nature of the Brexit is rather more important
:02:03. > :02:09.It may mean, of course, that the UK has to look to other
:02:10. > :02:11.markets in the future, but London has faced plenty
:02:12. > :02:15.It still has a truly global reputation and pull and has proved
:02:16. > :02:20.The rest of Europe has been eyeing our financial
:02:21. > :02:23.services very enviously, and so they are going to try
:02:24. > :02:28.and target ways in which they might be able to take a slice of our pie.
:02:29. > :02:31.In my judgment, I think that's going to be a fairly small slice,
:02:32. > :02:35.so I think London will be quite resilient.
:02:36. > :02:44.But that's going to be an important feature of these negotiations.
:02:45. > :02:46.The truth is that those working in the City,
:02:47. > :02:48.like the rest of us, don't know for sure
:02:49. > :02:51.The full impact of Brexit won't be known for years.
:02:52. > :02:55.So, on this the day the first formal step was taken
:02:56. > :02:57.for Britain to leave the EU, developments are continuing
:02:58. > :03:00.to happen this evening which will shape the way London
:03:01. > :03:04.We can go to Louisa Preston, who's following what's going on.
:03:05. > :03:19.Yes, as we have heard, there is talk that some of the banks will move
:03:20. > :03:23.stuff out of the City here in London and relocating Europe. But it has
:03:24. > :03:28.actually been reported tonight that Lloyd's of London will create a new
:03:29. > :03:32.office in Europe, officers in Brussels and about 100 staff are
:03:33. > :03:37.expected to move from London over to Brussels. We are not sure when that
:03:38. > :03:41.will happen and a statement is Jude tomorrow. I have spoken to
:03:42. > :03:45.businessmen and Leave campaigner John Mills earlier this evening, he
:03:46. > :03:50.said the City needs to look further field. -- Luffield.
:03:51. > :03:52.The City doesn't really depend terribly heavily
:03:53. > :03:54.on revenue and income from the European Union anyway.
:03:55. > :03:57.And I think very little of that, really, is at risk.
:03:58. > :04:00.And I think the big opposition, the big competition that the City
:04:01. > :04:03.has, actually, is from Singapore and Hong Kong and New York
:04:04. > :04:12.and Shanghai, not from Paris and Frankfurt.
:04:13. > :04:20.We must not forget that London is really seen as the main player when
:04:21. > :04:24.it comes to financial services. The question is tonight, how long will
:04:25. > :04:30.it keep that top spot? Of course, the main focus is on the City behind
:04:31. > :04:34.me, arm the banks there, but what about the millions of small and
:04:35. > :04:35.medium-sized businesses across the capital? Sarah Harris has been
:04:36. > :04:37.finding out how they will fire. Three men, all born in different
:04:38. > :04:40.European countries, have set up businesses on the same industrial
:04:41. > :04:42.estate in South East London. When it comes to their views
:04:43. > :04:45.on Article 50 being triggered He may have been born
:04:46. > :04:51.in Cyprus but John considers He sells his products all over
:04:52. > :04:57.the world and says he was offended when Leave voters like him were told
:04:58. > :05:01.they didn't understand the issues. The people that don't understand
:05:02. > :05:04.are the people that voted They're the people that don't
:05:05. > :05:11.understand what it is to be independent, free, world markets
:05:12. > :05:17.that are there waiting for you - you - to get out off your backside
:05:18. > :05:23.and get out and find it. In the unit opposite John's
:05:24. > :05:26.is Stefano, an Italian businessman His company employs staff
:05:27. > :05:32.from the EU, using expertise to deliver control panels to be used
:05:33. > :05:38.in schools and hospitals. I am more worried
:05:39. > :05:40.for the short-term. Surely there will the trade
:05:41. > :05:45.agreements that I'm hoping that the Government will establish,
:05:46. > :05:48.will eventually benefit the economy and with a domino effect,
:05:49. > :05:57.will affect our business. Next door on Forest Hill Industrial
:05:58. > :06:07.Estate is Ingo, born in Germany, he's been in London for 20 years,
:06:08. > :06:10.with his specialist company Worst-case scenario,
:06:11. > :06:13.that I won't be able Can't really see that
:06:14. > :06:16.happening, but that would be And our product, our main product,
:06:17. > :06:20.which is made in France, will become more expensive
:06:21. > :06:26.and our profit margins shrinking. There's a question over
:06:27. > :06:28.whether a community of European entrepreneurs could come together
:06:29. > :06:33.like this post Brexit. For now, though, they'll go forward
:06:34. > :06:35.with varying degrees of optimism. Well, tonight the Mayor of London
:06:36. > :06:44.is back after a brief trip to Europe when he tried to convince EU leaders
:06:45. > :06:47.that London is and will continue to be the place to invest
:06:48. > :06:52.and do business with. It's no secret Sadiq Khan didn't
:06:53. > :06:55.want Britain to leave the EU - and earlier on his train journey
:06:56. > :06:58.back to London from Paris he went as far as to admit
:06:59. > :07:00.to our political editor, Tim Donovan, that he was actually
:07:01. > :07:03.heartbroken at the process The British public have
:07:04. > :07:10.voted to leave the EU. My job as the mayor is to work
:07:11. > :07:14.closely with the Government where I can, constructively,
:07:15. > :07:16.to make sure we get But, if it's the case I think that
:07:17. > :07:20.they're not acting in London's best interest then I won't be afraid
:07:21. > :07:22.to speak out. This key issue of immigration,
:07:23. > :07:25.what does a good deal now look like in terms
:07:26. > :07:27.of immigration for London? One of the things I've been
:07:28. > :07:30.stressing to the Government is, though, London is not the same
:07:31. > :07:32.as the country. I accept certain parts
:07:33. > :07:34.of the country voted to leave the EU because of
:07:35. > :07:36.anxieties around immigration. Whether or not they need it
:07:37. > :07:39.or not is different. I understand certain parts
:07:40. > :07:42.of the country don't want it. You say you want it,
:07:43. > :07:53.we've been getting 30,000 odd East Europeans in every year over
:07:54. > :07:55.the last ten years, do you want to see that
:07:56. > :07:58.figure go up or go down? I want to make sure we can meet
:07:59. > :08:01.the needs of London. That means, obviously,
:08:02. > :08:03.skilling up Londoners to have these skills for the jobs that we create
:08:04. > :08:06.in construction or tech and financial services but also
:08:07. > :08:08.recognising that one of the reasons why we are the greatest
:08:09. > :08:15.city in the world is our Sadiq Khan speaking to Tim Donovan
:08:16. > :08:17.earlier. Well, when it came to the EU
:08:18. > :08:20.referendum in June, on balance That wasn't the case
:08:21. > :08:24.across the board, with strong views So, nine months on, we went back
:08:25. > :08:29.to see if an area which voted And if locals in a remain area
:08:30. > :08:34.still felt the same. I think people have just become more
:08:35. > :08:39.and more frustrated with the fact that it's going to happen,
:08:40. > :08:42.and we don't know exactly what's going to happen,
:08:43. > :08:44.we don't know how it's I done it for my children,
:08:45. > :08:49.I done it for their future. You know, it's going
:08:50. > :08:54.to be hard work. Other news now, and a man has died
:08:55. > :09:01.after being attacked The Staffordshire bull terrier
:09:02. > :09:04.turned on 41-year-old Mario Perivoitos while a BBC film
:09:05. > :09:09.crew was with him. The dog isn't included under
:09:10. > :09:12.the Dangerous Dogs Act. It's currently being
:09:13. > :09:16.held in secure kennels. The family of Mark Duggan,
:09:17. > :09:19.whose fatal shooting in Tottenham by police sparked the London riots
:09:20. > :09:22.in 2011, have lost a challenge over an inquest jury's conclusion
:09:23. > :09:28.that he was lawfully killed. Mark Duggan's mother,
:09:29. > :09:30.Pamela, had asked the Court of Appeal to make an order
:09:31. > :09:33.quashing the verdict. On the day that hundreds of people
:09:34. > :09:39.gathered on Westminster Bridge to remember the victims of last
:09:40. > :09:43.week's terrorist attack, the Metropolitan Police's Acting
:09:44. > :09:46.Commissioner cautioned against rushing to change policing
:09:47. > :09:50.in and around Parliament. Craig Mackey said more security
:09:51. > :09:52.checks could create more queues at Parliament -
:09:53. > :09:54.and could increase That's it for now from me, but let's
:09:55. > :10:11.find out what the weather's up Getting better, not looking too bad?
:10:12. > :10:20.It is spot-on, we had quite a lot of cloud today. Tomorrow it gets much
:10:21. > :10:28.better, more sunshine to go around, it will be the warmest day of the
:10:29. > :10:34.year so far. Overnight tonight, lots of cloud. With the cloudy skies it
:10:35. > :10:37.will stay mild, temperatures around 11 degrees, and then tomorrow we
:10:38. > :10:41.start off with the cloud, it should thin and break with sunshine coming
:10:42. > :10:46.through, keeping the sunny skies for the most part of the day, but it
:10:47. > :10:52.will never be June clear. There will be patches of cloud making it hazy,
:10:53. > :10:57.but a decent day. Temperatures, they should reach 2122 in the warmest
:10:58. > :11:06.spot, the warmest day of the year so far. The outlook for the next few
:11:07. > :11:09.days, temperatures coming down a bit but staying decent for this time of
:11:10. > :11:15.year. Here is Darren Bett with the national weather.
:11:16. > :11:20.The warm air coming up on a southerly breeze all the way from
:11:21. > :11:24.Iberia and across France into England and Wales. To achieve the
:11:25. > :11:28.high temperatures we need to get into some of this dryer air and
:11:29. > :11:32.sunshine. Even with the cloud today, 17 degrees. Not just about the
:11:33. > :11:36.temperatures, let's not forget there is some rain around as well. Quite
:11:37. > :11:40.wet in Pembrokeshire for much of the day. More rain overnight tonight,
:11:41. > :11:43.some rain and drizzle in northern and western areas. Wetter weather
:11:44. > :11:47.moving northwards across Scotland. Some rain in the south-west,
:11:48. > :11:51.shuffling towards the Midlands. Overnight, a lot of cloud around. It
:11:52. > :11:57.is going to be very mild indeed for the time of year, 11-12 in many
:11:58. > :11:58.parts of the country. This is an sunshine beginning to creep into