Keeping our capital working for the UK

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London First responds to the Chancellor and Mayor of London’s long term economic plan for London

In response to the six point long term economic plan for the capital, laid out by the Chancellor and Mayor of London this morning,  John Dickie, Director of Strategy at business group London First said:

 

HOUSING:

“We welcome the idea of a London Land Commission to coordinate the sale of un- or under-used public sector land for much-needed housing.

“This answers our call  for a modern-day Domesday Book, holding all the details of this land and administered by a single, well-informed source.

“The real challenge is now to go from identification to utilisation — to join up the public sector and so release as much land as possible for new homes for Londoners”

 

DEVOLUTION (skills and planning):

“We welcome the Chancellor’s plans to discuss giving more planning powers and skills provision to London.

“In both cases, it is easier to sort out problems closer to home where provision can be tailored to need.

“However, we need to do more than talk about it. For example, our recent report, London 2036, which sets out what London needs to do to remain a global player, pinpointed a lack of home-grown skills as a real threat to the city.

“Much more needs to be done to equip Londoners with the access, ambition and skills they need to compete in tomorrow’s labour market, which will be characterised by a shrinking pool of mid-skill jobs.”

 

TRANSPORT:

“The increase in the number of 24 hour tube routes is good news, as is the Chancellor’s enthusiasm for crucial new infrastructure projects like Crossrail 2.

“But we need more than enthusiasm. London needs a philosophical shift at the Treasury that recognises and tackles the growing infrastructure challenges facing London if it is to remain a city that works.

“The Mayor’s Infrastructure Plan anticipated that demand for public transport will jump 50% by 2050, and hundreds of billions of pounds of investment will be needed to meet it.

“This investment will support strong growth in the London and UK economy, and deliver substantially increased tax revenues: the business case is clear and it is affordable and now it needs to happen”

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