Workers could quit London in their droves in the future as many struggle to pay rocketing housing costs, according to new research commissioned by global construction consultancy Turner & Townsend and London First. It raises serious concerns about a ‘reverse brain drain’ from London, with many workers saying they would consider leaving the city due to difficulties with paying their rent or mortgage.
A radical overhaul of congestion charging in London is needed if the capital’s roads are not to become increasingly clogged and unmanageable, according to a new report from business group London First
London First recently published a report, London and the EU, which concluded that EU membership is critical to London’s future success. We have now published facts and figures from the report in a briefing note entitled The relationship between London and Europe, setting out the importance of our affiliation with the world’s largest economy.
This report, sponsored by London First, has revealed that 90% of Chinese tour groups to Europe each year are currently missing out the UK. By comparison, over 80% said their trips focused on itineraries for France and Germany. 71% of tour operators surveyed said they would put the UK on European itineraries on the condition that the UK visa application process is simplified or indeed merged with the single Schengen visa, which allows travel to 26 other European countries. The report recommendeds three central potential improvement areas the UKCVA believes will make a significant impact on application numbers by streamlining the UK and Schengen visa application processes.
Led by a working group of London First members, and with expert input from the European Commission and the London School of Economics, this report finds the UK needs to be at the heart of the EU if London is to flourish in the future.
Led by a working group of London First members, and with expert input from the European Commission and the London School of Economics, London and the EU finds the UK needs to be at the heart of the EU if London is to flourish in the future. This is an Executive Summary of the full report.
The creation of a 21st Century ‘Domesday Book’ of publicly owned sites that should be sold off for homes is among the key recommendations of a new report into solving London’s housing crisis. The report, Home Truths, also calls for the creation of new communities in the south west and north east of London to meet burgeoning demand
A new £12 billion underground rail line to ease chronic overcrowding on London and the South East’s trains could be built with less than half the cost coming from central government, meeting a key Treasury demand. Crossrail 2, the proposed new south-west to north-east rail line beneath the capital, would add 12% to London’s rail transport capacity and should open by 2030, the report found.
The report,‘Funding Crossrail 2’, was produced by a taskforce formed by business group London First, to look at how a new £12 billion underground rail line could be built with less than half the cost coming from central government, a key Treasury demand.
Ahead of the Chancellor’s December 2013 Autumn Statement, London First has published a short paper that considers a number of aspects of the UK tax regime specifically in terms of their impact on the London economy.