The Chancellor took welcome steps to shore up the public finances at the Budget, but Office for Budget Responsibility forecasts show this is not enough to shift the dial on growth. The UK risks experiencing another lost decade if action is not taken now to turn around our economic performance and unleash the private sector’s animal spirits. Doubling down on London’s existing strengths by addressing regulatory and other roadblocks holding the city back will be vital if the Government is to turn its growth ambition into action.

John Dickie, Chief Executive of BusinessLDN

The UK is stuck in a low-growth rut and a key step to getting out is unlocking the full potential of London. This Commission will bring together unique cross-sector perspectives from across the capital as we develop an action plan to get the city’s economy firing. This matters – not just for Londoners but for the whole UK, given their success is intertwined.

Helen Gordon, Chair of the Growth Commission and Chief Executive of Grainger