Tower Hamlets ‘could lose millions of pounds of financial support after Brexit’
- Credit: Mike Brooke
Tower Hamlets could lose out on “millions of pounds of financial support” and services will be put at risk by ‘a perfect storm of uncertainty” after Brexit, according to a council report.
The borough’s Brexit Commission also found that “small and medium sized businesses are yet to realise the significance of leaving the EU and are heading towards a potential no deal exit without sufficient contingency plans in place”.
It is due to present its full research at an event in City Hall tomorrow (Thursday).
“There is still a lack of understanding among the borough’s 41,000 non-UK EU citizens about how to secure their residency and employment rights through the EU Settlement Scheme,” the council said in a statement.
“Unease about their future role in UK society has already resulted in EU nationals electing to leave and return to their home countries.”
You may also want to watch:
It added that the services relied upon by the borough’s most disadvantaged residents are “being put at risk by a perfect storm of uncertainty about the future of existing funding”.
The commission, which is made up of economists, experts and councillors, was set up in September last year to investigate how leaving the EU would impact the borough.
- 1 Man, 20, found fighting for life at illegal rave in Bow
- 2 Fire breaks out in flat near New Providence Wharf tower block
- 3 Leyton Orient confident next manager will take them to the next level
- 4 Groomed girl speaks out after 'dangerous' Barking dealer who dealt Class A drugs in East End is jailed
- 5 Dog festival gets go-ahead for Isle of Dogs, of all places
- 6 Battle lost to save historic Whitechapel bell foundry
- 7 Trains being tested on Crossrail's Elizabeth line up to four an hour
- 8 Ex-police officer among group jailed for £850k intercept from rival gangs
- 9 Pedestrian struck by motorcycle in critical condition following Stepney collision
- 10 Kenny Jackett emerges as odds-on favourite for Leyton Orient job
It heard evidence from Tower Hamlets health, education and business leaders – including representatives from Barts Health Trust, Queen Mary University and Canary Wharf Group.
The full report will be released tomorrow morning.