TheCityUK congratulates Boris Johnson on his election victory

Boris Johnson has won the Conservative Party leadership election.

Following the announcement, Miles Celic, Chief Executive Officer, TheCityUK, said,

We congratulate Boris Johnson. He becomes Prime Minister at a pivotal time in our country’s history. He must now move swiftly to set out his plans for the road ahead. Ongoing Brexit uncertainty is depressing business activity, but the financial and related professional services industry remains very clear that a no-deal Brexit is still the worst of all outcomes. We hope the new Prime Minister can find an economically viable way through the ongoing political impasse in Parliament and with the EU27.

“As a prominent advocate for this industry during his time as Mayor of London – and a key figure in the founding of TheCityUK during that time [1] - he will not need to be reminded of the tremendous value and contribution it makes to the economy and society. As the UK’s largest taxpayer; a major employer of 2.3 million people, two thirds of whom are outside London; and the UK’s largest net exporter with a trade surplus greater than all other UK net exporting industries put together (£75.1bn); our industry will be essential to supporting and delivering prosperity throughout the UK through Brexit and beyond.”