Evening Standard Comment: Brexit casts a shadow over London

·1-min read
Ryanair is to leave the London Stock Exchange (Niall Carson/PA) (PA Wire)
Ryanair is to leave the London Stock Exchange (Niall Carson/PA) (PA Wire)

So long, Ryanair. While travellers will still be able to board the low-cost carrier from the capital’s airports, the airline is to quit the London Stock Exchange in brexit.

This represents the first major company to explicitly blame such a move on Brexit. Ryanair’s decision shows that while the event of Brexit is over, its consequences are still being worked out.

Another example of this troubling dynamic is the situation in Northern Ireland, just miles from Ryanair’s new stock market home in Dublin. The EU has made it clear that a significant breach of the Protocol by the UK Government would lead to a retaliatory response and potentially a suspension of the deal agreed last year.

Given the everyday hit to business and trade that has resulted from Brexit, the Government must seek to make the treaties it signed up to work, not drag the country into a damaging trade war that would cost jobs and wreak havoc with London’s fledgling economic recovery.

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