Mayor Sees London Poorer After Brexit

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

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.