Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Friday 24 June 2016 8:53 am

London mayor Sadiq Khan has said it is “crucial” for UK to remain in single market, despite yesterday’s Brexit vote

By: Mark Sands

Add as a preferred source on Google

London mayor Sadiq Khan has sought to reassure business and investors of the city's status, while also noting that the UK's membership of the single market remains "crucial".

Brexit campaigners, including Boris Johnson, have been clear that the UK must detach from the market.

However, Khan said that despite yesterday's Leave vote, the UK should still retain access.

"Leaving the single market of 500m people – with its free-trade benefits – would be a mistake. I will be pushing the government to ensure this is the cornerstone of the negotiations with the EU," Khan said.

"It is crucial that London has a voice at the table during those renegotiations, alongside Scotland and Northern Ireland."

Read More: David Cameron resigns

Khan also sought to reassure businesses, investors and the British people – "there is no need to panic".

"I still believe that our country is better off within the European Union, but there is no doubt that London will continue to be the successful city it is today.

"Our city and our country will continue to be the best place in the world to do business. And we will continue to look outwards and trade and engage with the entire world – including the European Union," he said.

And the London mayor also paid tribute to the contributions of fellow Europeans living in London.

"You are welcome here," he said. "We value the enormous contribution you make to our city and that will not change as a result of this referendum.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Brewdog chief executive quits after only one year

  • Nothing fails to file accounts months after dissolution threat

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

More from City PM

  • Mayor Khan makes case for London to host Joshua vs Fury boxing bout

    Sport Business
    GettyImages 2270908743 likely shows a significant news-related event or scene relevant to the articles context and focus.
  • Podcast: Palantir to sue Sadiq Khan, GSK’s $10bn mega-deal, and could the World Cup rescue pubs?

    Podcast
    City PM Business As Usual Podcast
  • Palantir to sue Khan over blocked Met police contract

    Legal
    The Mayor of London says he stands ready to help form a bid for the 2040 Olympic Games after City PM polling revealed widespread support for the plans.
  • ‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley

    Tech
    Sadiq Khan addressing media at a press conference in formal attire, discussing recent developments in London policies
  • Mayor Khan hails London as ‘undisputed global capital for women’s sport’ amid £50m boost

    Sport Business
    Getty Images logo on a blurred background, representing stock photo services, visual media, and professional photography.
  • London councils won’t be able to sue their way to more homes being built

    Politics
    London Mayor Sadiq Khan
  • Exclusive: London in talks to host return of sumo at Royal Albert Hall

    Sport Business
    Getty Images logo prominently displayed on a sleek, modern office building facade with reflective glass panels.
  • Britain to offer visa refunds to woo tech scale-ups

    Tech
    Peter Kyle speaking at a podium during a press conference, addressing current issues and developments

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy