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Next Mayor of London should focus on improving economic competitiveness
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Thursday 23 February 2012 

 

 Next Mayor of London should focus on improving economic competitiveness

 

Nearly half (44 per cent) of London businesses want the next Mayor of London to focus on delivering a more competitive city in which to do business, according to new research from the London Chamber of Commerce and Industry (LCCI).

 

Economic competitiveness finished well ahead of other priorities for the Mayor including transport, with 21 per cent of businesses identifying this as the main priority and crime coming third with 11 per cent.  

The LCCI also found that for the majority of firms, (56 per cent) increasing police patrols at night would help improve the night-time economy and 74 per cent believe that the Mayor should be given more power over the suburban rail network.  

 

The findings come as the LCCI launched its manifesto outlining what London businesses wants to see from the next Mayor.  The manifesto is centred on four key areas, Transport and Infrastructure, Crime and Policing, Competitiveness and Growth and Skills and Employment and contains a series of 17 pledges for the next Mayor to adopt.  These include:

 

  • Prioritising investment in London's transport infrastructure over keeping fares low;
  •  Produce proposals for delivering Crossrail 2 and safeguarding a route for Crossrail 3, as well as a new river crossing for east London;
  • An extension of Wi-Fi access across the capital;
  • A commitment to increase police presence during the evening to boost London's late night economy;
  • Pressing the national government to reduce the 50p tax rate;
  • Encouraging national government not to impose new regulations that increase costs for London's businesses;
  •  Work with national government to develop a work experience model that meets the need of London's businesses.

 

Colin Stanbridge, Chief Executive of the London Chamber of Commerce and Industry (LCCI) said: "London is one of the greatest cities in the world to do business and it is vital that the next Mayor uses their unique platform to ensure it stays this way.

 

"Our manifesto lays out practical steps that the Mayor can take to ensure that London continues to attract and retain the best businesses in the world."

 

Ends 

 

MEDIA CONTACT

 

Ruth Wharram

Tel: 020 7203 1897 Mob: 07827 241528

Email: rwharram@londonchamber.co.uk

 

NOTES TO EDITOR

 

  1. Full details of the manifesto can be found here.
  2. London Chamber of Commerce and Industry (LCCI) is the capital's largest and more representative business organisation, with members ranging in size from multi-national companies to SMEs and sole traders.