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Sadiq Khan commissions assessment of Brexit’s impact on London tech sector

The Mayor of London, Sadiq Khan, is seeking to steal a march on the government by commissioning his own analysis of the impact of Brexit on London’s economy.

The move comes two days after Brexit secretary David Davis said the government’s Brexit impact assessments did not exist, despite claiming in June that nearly 60 sectors had been assessed.

Digital technology and science and technology are among the nine sectors set to be analysed by Cambridge Econometrics on behalf of City Hall.

The management consultants will review the impact of a range of possible Brexit scenarios on Londoner’s jobs and prosperity, as well as the knock on effects for the rest of the UK.

“It is outrageous that the government either failed to properly consider the impact of Brexit on Britain’s economy, or are refusing to release their analysis,” said Khan. “If it’s the former then I question their competence. If it is the latter then I question whether they have something to hide.”

Khan promised to publish the independent analysis in full in January, saying it would help to “deliver a Brexit deal that protects jobs and growth”.

The announcement followed news this morning that the government had struck a preliminary deal with the EU, paving the way for the next stage of Brexit talks to begin.

Russ Shaw, the founder of Tech London Advocates (TLA), welcomed Khan’s pledge: “For London, and its tech companies, to overcome the challenges posed by Brexit, we need to first understand them.

“London is still a globally significant tech hub and we need to send a clear message to the international tech community that we have plans in place to maintain access to talent and funding for years to come.”

Brexit is already having a substantial impact on London tech executives’ ability to hire top international talent, a TLA survey revealed last month.

A third of firms reported seeing talks with potential overseas hires break down as a result of Brexit and nearly two thirds of entrepreneurs said that Brexit has damaged the sector’s international reputation.