The Chancellor delivered a relatively low-key Budget last week but his statement provided some welcome news for London despite a challenging economic forecast. In particular, the commitment to allowing local leaders to keep more of taxes that are raised locally could help the capital fund major infrastructure projects that it needs to grow, such as the Bakerloo line extension.
Our latest What Next for London? podcast examines key highlights from the Budget and what they mean for businesses in the capital. We also look at the challenges facing the public finances as we head towards a spending review next year and the political ramifications that follow.
The discussion features insight from three experts from the worlds of economics, politics and business: Debapratim De (Chief Economist, Deloitte); Natasha Clark, (Political Editor, LBC) and Jason Longhurst (UK Head of Sustainable Investment & Partnerships, Prologis).
Running order:
- Introduction (0:01)
- The economic impact (3:02)
- Political messaging (08:18)
- What does business think? (15:30)
- Devolution revolution (18:53)
- 10-year-plan (28:01)
- A snap election? (36:17)
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