Boris warns: All this panic will scare off big business

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The Mayor told the London Assembly it was vital to continue to invest in infrastructure such as Crossrail to encourage FTSE 100 companies to base themselves in the capital. He also said that Tube upgrades were "vital" to London's long-term competitiveness.

Mr Johnson said: "Thre is a great deal of alarm and the whole thing is very much gloomier than it need necessarily be.

"We need to be careful we don't inadvertently create the next crisis rather than solving the last one and don't drive away FTSE 100 companies. It is vital that we don't incapacitate our financial services sector which is of great importance to this country."

But the Liberal Democrats said Mr Johnson should draw up a firm plan of action rather than downplay the situation.

Mike Tuffrey, the leader of the group, said: "There'll be a real, profound effect on London and its economy and I've not seen or heard a word from the Mayor as to how London should respond."