London First responds to Chancellor's Autumn 2021 Budget
Commenting on the Chancellor’s Budget, John Dickie, Chief Executive of London First, said:
“The Chancellor reeled off a shopping list worth of towns and cities across the UK but barely mentioned the nation’s capital. With London generating a net tax surplus of nearly £39bn in normal times, its swift recovery will be vital for supporting levelling up across the UK.
“There were some welcome moves to support hard-pressed firms on the road to recovery — such as business rates discounts — but the absence of a funding deal for Transport for London is deeply disappointing: London itself won’t have the “London-style transport network” that the Chancellor says he wants for other parts of the country if it doesn’t get the cash it needs to keep services running.
“While it’s good news that economy is likely to grow at a faster rate, inflation is rising, skill shortages are biting, and Londoners are facing the highest unemployment in the country. To avoid the recovery stalling, the Government needs to introduce high-quality speedy training schemes that enable Londoners to develop the skills needed to access the jobs the private sector needs to fill now.”