GLA report flags hospitality as an area of labour shortage concern

GLA report flags hospitality as an area of labour shortage concern

It also notes that while post-Brexit restrictions on immigration could reduce the number of overseas workers available to employers: "London residents who were unemployed or inactive may be employed following migration restrictions because there is less competition for jobs".

Khan said: "I've released these impact assessments because the British people and our businesses have a right to know the likely impact on their lives and personal finances.

It is vital that we recognise the importance, for our exporters, of the single market and the customs union". He said the "complete lack of preparation" is "irresponsible", "astonishing" and that the Tories were putting party politics ahead of the national interest.

According to the analysis, London's professional and financial services would be the worst hit by a no-deal hard Brexit, with 29,000 fewer jobs by 2030 than if Britain remained in the Single Market and Customs Union.

The London mayor has this morning published an analysis of a worst-case Brexit scenario, and what it would mean for the capital. The report warns of a worsening skills shortage after Britain leaves the single market.

Regardless of the Brexit model pursued, the research predicts "London's GVA would still grow at a much faster rate than the UK's total in all scenarios".

New York USA £258 per night
Getty Images New York USA £258 per night

The study looked at the potential impact of five Brexit-related scenarios on the country and its capital in nine key sectors of the economy.

"Our analysis is particularly valuable to local leaders because it indicates the potential impact on employment and output of Brexit under a range of scenarios, which is necessary given the uncertainty surrounding the final outcome of negotiations".

Responding to the findings, Britain's Creative Industries Federation said the report "acknowledges the major danger Brexit poses to our creative and cultural industries and the special challenge London faces in tackling it".

In December, a deal protecting the rights of European Union citizens living in the United Kingdom post-Brexit was agreed with the European Union, but the future is less certain when it comes to temporary workers or touring musicians.

International Trade Secretary Liam Fox called the report into the impact of Brexit "anything other than cataclysmic".

The firm, which has offices in Brussels, is managed by Philip Summerton, who regularly retweets European Union loyalists such as Chuka Umunna MP and former Remain campaign director Will Straw.

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