Responding to the UK Government and EU reaching an agreement on a Brexit deal, Catherine McGuinness, Policy Chair at the City of London Corporation, said:

“We welcome the signs of progress towards securing a deal.

“From the outset we have said that leaving without a deal must be avoided and that a disruptive exit would be the worst possible outcome for the City, London and the UK.

“There is now light at the end of the tunnel. We are urging all those involved in the process to put an end to the sustained uncertainty that has left business with its hands tied, unable to make everyday decisions on expansion, investment and recruitment.

“As the UK prepares to begin a new chapter, we know that London’s fundamental strengths mean that the City has an exciting future ahead of it whatever comes next. But we need to resolve our relationship with the EU so that we can all focus on other issues.”

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk