Tag: Devolution

Chancellor Hammond moves London in right direction

New steps towards devolution for London were welcomed by London Chamber of Commerce and Industry following November’s Autumn Statement. Chancellor Philip Hammond announced that London will receive £3.15 billion as its share of national housing budget to deliver more than 90,000 homes. In addition the government will devolve the adult education budget to London and

Boosting business confidence

The late Labour Prime Minister Harold Wilson famously said at the time of the 1964 sterling crisis that “a week is a long time in politics”. How, one wonders, would Mr Wilson describe the current political climate in the UK? In the year since the last Autumn Statement a lot has changed, to say the

Brexit hiatus – infrastructure and housing investment crucial

More than four in five London businesses say increased investment in infrastructure is important for the UK economy in the period between the referendum and the start of Brexit negotiations according to a new survey by ComRes for London Chamber of Commerce and Industry (LCCI). The poll of more than 500 business leaders found that

London’s businesses support stronger councils within the capital

The government’s ‘devolution revolution’ across England is welcome, if a tad late. Giving more powers to local decision makers in various city regions will unlock potential for future prosperity. However Whitehall has largely left London out of the process, perhaps because our city has a mayor and assembly but that would ignore that London’s devolutionary

More devolution for London?

Yesterday LCCI’s Chief Executive Colin Stanbridge gave evidence to the London Assembly’s Devolution Working Group, which is looking into the Government’s plans to devolve business rates, in full, to local government.  LCCI welcomes in principle the developments around business rates, and we have long called for London to be given greater control over its finances