London’s economic success matters: income growth not only improves living standards for Londoners, it also funds measures to improve opportunity, public services and infrastructure across the whole of the UK.
London’s robust economic performance is driven by complementary strengths which provide a strong platform for growth and prosperity. Our capital:
has the highest-talent population in the world
is the leading global hub for business
holds the strongest position in financial and professional services
is a world-leading centre for technology
is the global capital for international tourism
Brexit — the impact on our Economy
The capital’s success as the powerhouse of the UK economy cannot be taken for granted following the vote to leave the EU. The capital is at the beginning of a period of significant uncertainty, with potential to deter investment and reduce growth. We are campaigning hard for Government to avoid a cliff-edge Brexit. See more on our work in preparation for Brexit.
We are working with members and stakeholders across the UK, on the policy interventions which will maximise job creation and economic growth over the next 20 years:
Ensuring the Industrial Strategyrecognises the importance of London’s growth in rebalancing the UK economy
Boosting the value of retail, leisure and tourism sectors, and promoting growth in the 24-hour economy
Enabling the tax system to support business growth
Economy and tax — what we’re doing
UK Growth and Industrial Strategy
An opportunity to develop a national policy framework for growth and productivity across the UK, vital as we prepare for Brexit.