# City chairman: Burnham is right to pursue closer ties with the EU

- URL: https://talkfuse.com/story/city-chairman-burnham-is-right-to-pursue-closer-ties-with-the-eu/
- Published: 2026-11-09T04:18:00+00:00
- Updated: 2026-11-09T05:23:19+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/city-chairman-burnham-is-right-to-pursue-closer-ties-with-the-eu/
- Topics: Business, Europe, Government, Politics, World

## Key points

- Hayward backs closer UK-EU ties to support growth.
- The City has almost 700,000 jobs.
- He warns CRD VI could hinder cross-border finance.

## Summary

City of London chairman Chris Hayward argues that the Prime Minister is right to pursue closer ties with the EU, saying reducing barriers could support UK growth. He says the City has remained resilient since Brexit and that practical cooperation could help unlock investment, innovation and prosperity.

Hayward says UK financial-sector employment has grown by 25 per cent to almost 700,000 jobs, while EU banks do 60 per cent more business with UK institutions than before the referendum. He highlights more than £149 billion in annual UK-German trade and points to the 20 November UK-EU Summit as a chance to advance cooperation on professional qualifications, data and regulation. He also warns that the EU’s proposed CRD VI rules could make it harder for British banks to support businesses in Europe.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.