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LCCI Comment on the Chancellor’s Mansion House Speech

Wednesday 16 July 2025

The London Chamber of Commerce and Industry welcomes the Chancellor’s ambition, set out last night in her Mansion House speech, to boost investment through better regulation. As firms continue to contend with rising business costs, stimulating and creating a pro-investment environment will be key in delivering sustainable growth.

The government’s decision to relax lending rules and accelerate the listing process is welcomed by London’s bankers and brokers. This easing of red tape is a positive step and one that we believe will support the Treasury’s ambition to strike the right balance between growth and stability by delivering better return on savings, boosting job opportunities and making mortgages more accessible.

As The Chancellor rightly recognised, investment in local economies has stalled in recent years, a trend that has restricted growth and innovation across London’s diverse business landscape. Reforms that stimulate regional investment will not only benefit local London businesses, helping London remain competitive as a global city, but the UK economy as a whole.

While this is a welcome step forward, we believe there is still more to be done to both win back the trust of businesses and restore consumer confidence. London businesses are looking ahead to the Chancellor’s next Budget in the autumn with increasing concern about the anticipated rise in business rates. Such a move risks undermining progress at a time when stability and certainty are paramount for businesses. Today’s unexpected rise in inflation underlines this pressure.  Any government measures must reflect these economic headwinds and ensure that efforts to encourage investment are not offset by rising costs.

As the Government looks to drive long-term sustainable growth, it is essential that it prioritises the needs of businesses of all sizes. Rebuilding the trust of the City requires not just headline reforms, but consistent commitments to build a capital where businesses can invest, grow and compete globally.