London Chamber of Commerce and Industry showed that three in five London business leaders think that allowing local government to have greater control over tax levels would have a positive impact on the capital’s infrastructure needs.
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
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
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
More than two in five of businesses say they are worried about the forthcoming revaluation of business rates, according to a survey carried out by London Chamber of Commerce and Industry (LCCI) last month. The figure rises to 55 per cent among those employing ten or more people with a third of all businesses saying
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
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
In his 2015 budget, Chancellor George Osborne revealed plans to allow shops in England and Wales to open for longer on Sundays. The intention is to give local authorities ( or elect mayors) the power to decide whether to relax Sunday trading laws locally if this is likely to boost economic activity and employment. Local