Monday, February 27, 2017

Branson on London issue 74 February 2017

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Branson The balanced performance of so many different parts of London has been impressive for a number of years.

But is the party coming to an end on the rock of the Brexit situation? If the predictions of John Ostroumoff prove to be correct, then many complacent politicians and the business world are in for a real shock. It will underline his case for a powerful push by the Square Mile led by the City of London to make the government heed the potential damage that is happening.

The damage this will cause to confidence is enormous and play straight into the hands of major cities like Paris and Frankfurt waiting to gobble up the City’s business. On the other hand, Europe has its considerable uncertainties to come in the form of elections in France, Germany and the Netherlands.

Even so, London has so much going for it at the moment through expanding technology companies in so many locations and the forward looking creation of tech hubs, such as the one adjacent to the British Library. In addition there are the major transport improvements ot Crossrail, Thameslink and new tube and main line trains.

However it is hard to see how any force can push back the problems of negotiations over Brexit and the volatility that will bring in a minimum of the two year period. So we do need an independent voice for London talking above the machinations of the politicians.

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