London Property Alliance has written an open letter to the Secretary of State for Transport and the Chancellor of the Exchequer to call for agreement on TfL’s capital investment to avoid a ‘managed decline’ scenario.
“At a time when many competing capital cities and commercial hubs across the world are stepping up their long-term investment, London – a ‘shop front’ for international investment – should benefit from sustained investment and financial support. We see investment in TfL as pivotal to the Government’s Levelling Up agenda and to kickstarting a stuttering economy as we face unprecedented economic headwinds. The risk of recession from the latest economic data is stark.”
The letter coordinated by London Property Alliance (the umbrella organisation for the Westminster Property Association and the City Property Association) is signed by a number of London’s property, business and civil society groups including the London Chamber of Commerce and Industry, London First, Central District Alliance, New West End Company, Heart of London Business Alliance, Centre for London, Night Time Industries Association, Camden Town Unlimited, Baker Street Quarter Partnership and Hatton Garden BID.
Read the full letter
