Responding to the Chancellor Rachel Reeves’ Conference speech, John Dickie, Chief Executive at BusinessLDN, said:
“The Chancellor is right to stress the importance of investment in driving growth, and we now need to see a Budget and Industrial Strategy which back businesses looking to innovate, expand and hire.
“Given the state of the public finances, funding should be targeted in ways which drive additional private investment. A long-term funding deal for Transport for London, an ambitious Affordable Homes Programme, and an HS2 line which reaches a regenerated Euston would all help to crowd-in fresh investment.
“More widely, the Government’s “devolution revolution” must now extend to extend to London. Giving the capital the kind of trailblazer deal enjoyed by other English cities would help it find a new gear as an engine of growth for the whole UK.”