BRUSSELS - The mayor of London on Tuesday warned the European Union against punishing Britain in Brexit negotiations, saying that everyone would suffer the consequences.

Speaking in Brussels a day before Britain triggers the two-year Brexit process, Sadiq Khan also urged Prime Minister Theresa May to give a “cast iron” guarantee of the rights of EU citizens living in Britain. “There is no need for the EU to send a message or to instil fear by punishing the UK,” Khan told an event run by the Politico Europe newspaper.

“A bad Brexit deal that hurts London would hurt the EU too,” added Khan, who is meeting key EU figures including European Parliament chief Antonio Tajani while in Brussels.

Khan warned that businesses driven out of London, one of the world’s leading financial centres, would “leave Europe altogether and go to New York and Singapore instead.” “A bad Brexit really is a lose-lose situation.” The London mayor, whose city voted overwhelmingly against Brexit in last year’s referendum, called on May to set a positive tone for the Brexit talks by quickly agreeing to protect the rights of the three million EU citizens in Britain, including one million in London.

“It would be a perfect gesture of goodwill to provide a cast iron guarantee of their rights to remain in the UK,” Khan said.

Khan also held a minute of silence for victims of last week’s attack outside the British parliament and said it was important for Britain and the EU to keep cooperating on security after Brexit. After meeting Khan, Tajani said that he would “work hard towards achieving a fair and orderly divorce between the European Union and the United Kingdom”.

MEPs will have the final vote on any Brexit deal, and are also set to vote next week in Strasbourg on a resolution on their goals for the negotiations.

Manfred Weber, the German head of the European People’s Party, the largest group in the parliament, warned Britain’s bill to leave would be “very costly”.

The EU says Britain will have to agree to meet billions of euros of spending commitments made while still a member as part of the divorce. “In the last nine months we saw only the message about what they don’t like. Hopefully tomorrow we will have more idea about what they like,” Weber told reporters.

“The promises of Brexit campaigners last year that it would be positive for the budget were a lie. It will be very costly for the British,” he said. Weber said it would be a in “both sides’ interest to immediately clarify” the fate of EU nationals.