Continued investment in the Tube is what London needs (21 April 2010)April 21, 2010
The next government must protect the investment committed to improving London’s transport infrastructure. That’s the message from influential business group, London First, took to the streets posing as the three main political leaders today (21 April) to ask 2000 commuters which party would secure the improvements in transport that London needs.
In recent years, significant investment in London’s transport infrastructure has begun – including the first phase of Tube modernisation, Crossrail, and increased capacity on Thameslink. Major improvements such as these promise to overcome decades of underinvestment and meet forecast growth in London’s population, while tackling the impoverished travelling experience of millions.
But with public spending programs under intense scrutiny, business in London is worried that the vital investment needed to improve the Tube will be cut.
Baroness Jo Valentine, Chief Executive of London First, which represents many of London’s large businesses, said:
“London First has long campaigned for improvements to our transport infrastructure, and the funding needed for an efficient transport system. There will be huge pressures on public spending, but if London is to remain a global talent hub and a centre for world trade, we must not sentence millions of commuters to the cattle-class misery of an overcrowded Tube.
“Continued investment in the Tube is what London needs. The Tube matters to business and it matters to London – it is the capital’s lifeblood, and promised new capacity will underpin this great city’s ability to grow, prosper and remain globally competitive.”
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Notes to Editors
London First is a business membership organisation with a mission to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure.
London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes further education colleges and all of London’s universities. London First members represent over a quarter of London’s GDP.