Ahead of the Spending Review, I was clear there can be no national recovery without a London recovery. I was extremely disappointed that the Chancellor did not address the scale of the challenges facing the capital.
To drive a UK-wide recovery, London must get a fair share from the UK Shared Prosperity and Levelling-Up Funds. The Government must also reconsider its National Infrastructure Strategy which will be “pivoting investment away from London”.
London has some of the highest levels of poverty in the country and levelling-up is a challenge as significant within London as it is across the UK. ‘Levelling down’ London and the South East is not the solution.
The Spending Review provided too little for London’s hardest hit sectors including hospitality, culture and construction. The Chancellor needs to act immediately to rectify this, alongside extending the business rates holiday and abandoning his decision to end VAT-free shopping.