On behalf of CPA and WPA members, London Property Alliance has submitted its representations to Chancellor of the Exchequer, Rt. Hon. Rachel Reeves MP, ahead of the Spring Forecast on 26 March.
In the submission, the Alliance calls for improvements to the capital’s transport infrastructure which we believe will help deliver on the Chancellor’s core objective of delivering economic growth:
- Provide a long-term funding framework for Transport for London to ensure the long-term renewal of assets takes place in a timely and efficient manner.
- Commit to securing public and private finance for the delivery of the Bakerloo line extension, the DLR extension to Thamesmead and a delivery plan for Crossrail 2 to futureproof central London’s infrastructure and drive regional connectivity.
- Progress a long-term solution for Euston that maximises the contribution of the area to good growth for London and the UK economy.
- Further steps to increase the funding of planning departments such as ring-fencing income to ensure the recruitment and retention of planners needed to support development and unlock growth.
