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