Business response to the Comprehensive Spending ReviewOctober 20, 2010
Commenting on the Comprehensive Spending Review
Baroness Jo Valentine, Chief Executive of London first, which represents major private sector employers in the capital, said:
“Today’s announcement of continued investment in Crossrail and the Tube is a positive and welcome response from Government to the well evidenced view of London business, that infrastructure investment is vital to growth. The challenge going forward is to make the most of every hard-won pound. The Mayor and Transport for London must now squeeze down costs, consider new financing and funding models, in order to minimise inevitable increases in fares and charges to passengers and road-users.”
Notes to Editors
London First is a business membership organisation with a mission to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure
London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes further education colleges and all of London’s universities. London First members represent over a quarter of London’s GDP.