Responding to latest GDP figures, which indicate that the UK economy grew by 0.1% in Q4 of last year, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“While the economy managed to just about nudge into positive territory, it is clear that more is needed to shift the dial on growth. The Government needs to redouble its efforts.
“That means working with the private sector to accelerate delivery of major infrastructure projects that can unlock sites for new homes and boost our global connections. It means ensuring the proceeds of any new overnight stay levy for London are used to support growth. And it also means looking again at changes to the business rates system that risk deterring investment.”