City Corporation responds to General Election result

Responding to last night’s General Election result, Catherine McGuinness, Policy Chair at the City of London Corporation, said:

“We congratulate the Conservative Party on its victory in the general election and look forward to working with Boris Johnson’s Government. It is vital that this new chapter brings some stability and a positive vision for the City, London and the UK.

“With the clock ticking, breaking the Brexit deadlock must be a key priority for the Government. But even if a withdrawal deal is passed, there is still a long road ahead. For the City, it is vital that the future framework agreement recognises the enormous contribution of the services sector, securing maximum market access and developing a structure for the UK economy to prosper in the years ahead.

“Services are the lifeblood of the UK economy and vital to its growth. Politicians across the spectrum should recognise that financial and professional services make a significant contribution, employing 2.3 million people across the country – two thirds outside of London.

“The UK’s future success depends on attracting, retaining and developing high quality talent. A critical first step is creating an effective and efficient visa system to meet demand for talented individuals. But the Government also needs to look closer to home to supercharge our own skills agenda, making sure no one is left behind amidst unprecedented technological and social change.

“Another key priority must be major investment in infrastructure – for London too, as well as the rest of the country. Improved connectivity between our cities will not only strengthen the UK’s position as a world-leading business hub, but also help create greater shared prosperity across the country.”

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