Foreign Office Questions: 10th January 2017

Anna Soubry (Broxtowe) (Con)
My right hon. Friend was an outstanding Mayor of London. During his time, he was the first to champion the City of London and a believer of the value of the single market. Will he assure us that, in his meetings with the incoming Trump Administration, he disabused Wilbur Ross, the incoming Commerce Secretary, of his view that Brexit is a God-given opportunity for London’s commercial rivals to take business from the City?
 
Boris Johnson
My right hon. Friend will find that the City of London has been through all sorts of vicissitudes that people prophesied would lead to its extinction. I remember people making exactly the same arguments about the creation of the single currency and about the economic crash in 2008, and the City of London has gone from strength to strength. Canary Wharf alone is now a bigger financial centre than the whole of Frankfurt. By the way, that opinion was shared completely by our friends and counterparts in Washington. I have no doubt that the commercial and financial dominance of the City of London in this hemisphere will continue.