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London Chamber reacts to announcement of Mayor of London's budget

Friday 19 January 2024

In response to the Mayor of London’s budget, Karim Fatehi MBE, Interim Chief Executive Officer of the London Chamber of Commerce and Industry said: “We welcome the publishing of the Mayor’s budget for 2024-25, and are pleased to see the inclusion of a number of key measures that the London Chamber have campaigned for over the past year.

“Further funding for the ULEZ scrappage scheme is a win for London’s small businesses.The roll out of the expanded zone has not been without difficulty, but firms have been impressively quick at adapting their working practices and logistics to match the aims of the policy – to protect the health of Londoners. The promise of a further £50m to locals and businesses to help them make the transition to greener & cleaner forms of transport and operations is important and something we are pleased to see in the budget.

“We also commend the allocation of significant resources to the Metropolitan Police to support the New Met Plan for London. We hope that tackling business crime will be a key strand of the plan. The impact of business crime has become one of the largest cost pressures for many London businesses, in particular the capital’s local high street shops, which serve as a pillar of London’s economy.

“Over the coming days, we will review these new budget measures in detail and work collaboratively to ensure City Hall is delivering for Londoners and the capital’s business community.”