To accelerate the UK’s return to growth, London needs:
A well-funded campaign to bring people back
A properly funded transport system
A comprehensive re-skilling plan
Promoting London’s recovery alongside that of other cities and regions could generate a fiscal surplus to support government investment in levelling up vulnerable communities across the UK, given that in normal times:
London represents around 13% of UK population...
London’s net fiscal surplus
In contrast
"Rebuilding the UK economy needs a vibrant growing capital. We’re calling for greater funding for the promotional push to attract people back to the capital, a sustainable approach to keeping our transport network operating at full strength and a reskilling programme to get Londoners into work. The Government needs to apply the same laser-like focus to economic recovery that it so successfully applies to the ongoing vaccine roll out."
John Dickie, Chief Executive, BusinessLDN