London First 2013 Budget submissionMarch 6, 2013
Ahead of the Chancellor’s 2013 budget announcement on Wednesday 20 March, London First has written to George Osborne to lay out our members’ priorities for the coming year.
We have called on the Chancellor to:
- Provide strategic certainty over public investment in London’s infrastructure by giving the Mayor direct control over a proportion of London’s tax receipts. In the meantime, the government should commit to a long-term transport funding plan to enable Transport for London to plan its investment programme more effectively
- Implement a stable and competitive tax policy that supports London’s international competitiveness
- Apply a freeze on the Bank Levy while the Government examines alternatives that could boost London’s attractiveness as a global financial hub
- Borrow to invest in economically productive infrastructure
We believe that these measures will go some way to supporting the capital’s businesses in driving economic recovery and delivering sustainable growth in the UK for the long-term.