Government is developing a new industrial strategy to deliver a more balanced UK economy.
This creates an opportunity to develop a national policy framework for growth and productivity across the UK, vital as we prepare for Brexit. As an international hub for business, finance and tourism, the capital is well positioned to drive growth and support this national industrial strategy.
We are asking government to speed up the process of devolution, and implement the recommendations of the London Finance Commission, many of which also apply to other UK cities.
At a time when government capacity is rightly focused on Brexit negotiations, there is a strong case for city-regions to drive delivery of the industrial strategy. By granting greater powers and fiscal tools to the regions, they can build on their strengths and address their weaknesses more effectively.
See our Growing Together report calling for city-regions to collaborate on shared priorities.