Global News

London mayor accused of relaunching 'Project Fear' with taxpayer-funded Brexit report

London mayor accused of relaunching 'Project Fear' with taxpayer-funded Brexit report

A study commissioned by London Mayor Sadiq Khan shows that nearly half a million jobs are under threat if Britain fails to strike a deal on future relations with the European Union before it leaves the bloc.

Up to 87,000 jobs in the United Kingdom capital are at risk if the country withdraws from the European Union without a formal agreement being reached during the negotiations between London and Brussels, the Evening Standard reported, citing Brexit impact papers commissioned by London Mayor Sadiq Khan.

Khan cited research from the Cambridge Econometrics consultancy which showed Britain could lose 50 billion pounds in investment over the next 12 years if it fails to agree a trade deal.

"The report shows that a destructive hard Brexit could do much worse economic damage in regions like the East of England than in London", he said.

The report found that 87,000 jobs would be lost in London alone with the capital's economic output predicted to be down by 2% by 2030.

The warning was issued in new independent economic analysis commissioned by the Mayor of London, Sadiq Khan.




Mr Khan has repeated his calls for this approach to be rethought, saying: "If the Government continue to mishandle the negotiations we could be heading for a lost decade of lower growth and lower employment".

Labour mayor Khan, who campaigned for Remain, said in a statement: "The analysis concludes that the harder the Brexit we end up with, the bigger the potential impact on jobs, growth and living standards". Ministers are fast running out of time to turn the negotiations around. "A 'no deal" hard Brexit is still a very real risk - the worst possible scenarios'.

Khan said he had commissioned and published the "Preparing for Brexit" report "because the British people and our businesses have a right to know the likely impact on their lives and personal finances". "Brexit and leaving the single market and customs union puts any hope of well-funded schools and hospitals and police on our streets under immediate and serious threat".

Citing the importance of European Union workers and funding programs to the U.K.'s creative sector, the Federation said it was vital to "ensure our future relationship with the European Union allows the very best talent to work both here and overseas".

Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the country is denied access to Europe's single market, according to a Reuters survey of firms employing the bulk of workers in worldwide finance.


  • Governor wants North Carolina, like Florida, exempted from new offshore drilling plan

    Governor wants North Carolina, like Florida, exempted from new offshore drilling plan

    Trump just signed, which strips deductions from taxpayers in blue states in order to fund various GOP ideological priorities. In a letter sent to Interior Secretary Ryan Zinke , Inslee detailed the impact the coast has on Washington's economy.
    15 killed in California mudslides

    15 killed in California mudslides

    County emergency manager Jeff Gater said officials decided not to send one sooner out of concern it might not be taken seriously. DeGeneres Facetimed with her neighbor Oprah Winfrey , who earlier this week shared images of the destruction near her home.
    YouTube Releases Official Apology for Logan Paul Video

    YouTube Releases Official Apology for Logan Paul Video

    The video showed Paul and his friends at the Aokigahara forest at the base of Mount Fuji, known to be a frequent site of suicides. Logan Paul , a prominent YouTube celebrity , last week posted a video of a dead body in Japan from an apparent suicide.
  • Rope gives way, 3 soldiers fall from sky

    Rope gives way, 3 soldiers fall from sky

    Slithering is an exercise where troops are dropped from a helicopter in an area of operation using a rope attached to the chopper. The incident raises serious concern on the safety measures being carried out while conducting such kind of drills.
    Doesn't want to play under franchise tag in 2018

    Doesn't want to play under franchise tag in 2018

    Even with Antonio Brown having an MVP-caliber season, one could argue that Bell is Pittsburgh's most important offensive player. There are no guarantees that the Steelers will get to the AFC Championship to face presumably the New England Patriots.

    Salah issues response to Real Madrid transfer speculation

    Liverpool forward Mohamed Salah took to Twitter to respond to the latest speculation linking him with a move to Real Madrid . Though he's assured his future lies at Liverpool while being "happy" at Anfield.
  • GMA Shares First Look at Taylor Swift's 'End Game' Music Video

    GMA Shares First Look at Taylor Swift's 'End Game' Music Video

    Kahn and Swift have collaborated before for other videos from her album 1989 that included songs like Shake It Off and Bad Blood . She will begin her Reputation World Tour on May 8 at the University of Phoenix Stadium in Glendale, Arizona in the USA.
    Hundreds of Australians mourn death of 14-year-old cyber bullying victim

    Hundreds of Australians mourn death of 14-year-old cyber bullying victim

    The family has asked mourners to donate to "Dolly's Dream" a trust set up in their daughter's honour, in lieu of flowers today. Dolly's death has sparked both sadness and outrage among many families, including those from rural and regional Australia.
    Find a flu shot before the flu finds you, health officials warn

    Find a flu shot before the flu finds you, health officials warn

    The outbreaks has prompted hospitals to limit visits by children to keep the virus from spreading within their walls. Because the flu is so bad this season, Chen says health professionals are doing things a bit differently this year.
  • Donald Trump cancels February visit to London

    Donald Trump cancels February visit to London

    But President Trump says he's not happy with the office and its location so doesn't want to cut the official ribbon to open it. Asked about Trump's stated reasons for refusing to open the new embassy, Farage replied: "He's the real estate guy".
    Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports

    Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports

    It comes as NAFTA negotiations have not only stalled but again, the Trump team is threatening to walk away and tear up the deal. Champagne said taking a strong stand is what the public expects.

    Nintendo races into 2018 with new titles, remastered ports, and game updates

    After releasing on the PC, PS3, Xbox 360, PS4, and Xbox One , this co-operative multiplayer shooter graces the Nintendo Switch. What games are you most excited for? Hyrule Warriors: Definitive Edition will be releasing on the Switch this Spring.