Statement in response to the results of the 2024 General Election.
Charles Begley, Chief Executive, London Property Alliance, said:
“We look forward to working with the new Government, which has rightly put economic growth at the heart of its agenda and recognised London’s crucial role in this. We now have a golden opportunity for national and London governments to work in partnership with business to deliver homes and jobs, and attract investment to develop world class, sustainable workspaces so global corporates and innovative starts-up make London their city of choice.
“Reforming the planning system is particularly important to unlocking growth. But if the new government has the determination to see through its vision where others have faltered, it can transform the economy and safeguard London’s global city status, and the benefits that brings, for the next generation and beyond.”
The London Property Alliance, in its Manifesto for Growth, published ahead of the General Election has called on the new Government to:
- Ensure business rates reform leads to greater retention especially of any income growth for London government on a lasting basis. It is essential councils and communities which support new development are fairly rewarded for doing so.
- Launch a programme of implementation of the recommendations made by the London Finance Commission on the reform of taxes to come under London government control so as to provide fair and greater incentives to drive economic growth and prosperity.
- Agree a long-term equitable funding settlement for Transport for London (TfL). Government should also find a lasting solution for the delivery of HS2 at Euston, as well as progressing development proposals for the Bakerloo line extension and Crossrail 2.
- Reform the planning system to create certainty for developers and local authorities in relation to retrofit and redevelopment policies to ensure a return to sustainable major project investment in all parts of the London’s Central Activities Zone (CAZ).
