London's Assembly promotes local businesses exporting their goods and services in the wake of Brexit
The Office for Budget Responsibility found that exports and imports have fallen by 13 per cent and 12 per cent respectively since 2019. There has also been a 6 per cent increase in food prices, which the think tank, UK in a Changing Europe, has attributed to trade barriers as a result of Brexit.
The London Assembly has today called on the Mayor to continue his advice and support work to help Londoners dealing with cost of living issues and to help businesses export their goods and services abroad.
Sem Moema, who proposed the motion said, “the impact of the UK leaving the EU is still being felt, perhaps now more than ever. Trade barriers as a result of Brexit have seen a sharp rise in food prices at a time when inflation is spiralling.
“Government Ministers’ mis-management of the EU exit has led to increased trade costs for London’s businesses. Exports have fallen, imports have fallen and any signs of recovery are slow.
“The Mayor has been standing up for Londoners and London’s businesses, offering advice and support, helping rebuild London’s economy after both Brexit and the pandemic.”
This Assembly stated that they recognise that the United Kingdom has left the European Union but note with “regret that the way the Government has managed this has led to increased trade costs for businesses in London and an increase in the cost of living for Londoners.”
continuing on to, “call on the Mayor to continue his advice and support work regarding the cost of living and to continue to support opportunities for London’s businesses to export their goods and services abroad.”
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