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26/10/2016

Khan pushes for devolution deal ahead of Autumn Statement

Words: Laura Edgar
Sadiq Khan / Shutterstock: 419649955

Mayor of London Sadiq Khan has met a cross-party group of London MPs as part of his push for a devolution deal for the capital in the Autumn Statement.

Khan appeared at the All Party Parliamentary Group for London, alongside Professor Tony Travers, London School of Economics, to update London MPs on progress towards a deal in the Autumn Statement.

City Hall is currently negotiating with the Treasury and Downing Street for a deal for London that focuses on five key areas – housing, transport, skills, fiscal devolution and public services.

Khan said that London holds only 7 per cent of funds raised in the city, compared with 50 per cent in New York and 70 per cent in Tokyo.

Giving the Greater London Authority and London boroughs more control would, said the Mayor, allow the city to better manage the potential economic impact of Brexit.

In addition, rail devolution would “increase growth and unlock house building across South London”, while fiscal devolution would allow the city to invest in infrastructure to “help the economy to grow”.

Khan said: “London has the same population as Wales, Scotland and Northern Ireland combined, but we have far less control over how our economy and public services are run.

“Giving London more control would allow us to manage the current economic uncertainty in the aftermath of the EU referendum.

“I’m positive that we can secure an initial deal in the Autumn Statement that will be the first step along the path towards London having more control.”

Bob Neill, MP and member of the APPG for London, added that the economic well-being of the capital is important to the whole of the UK, and agreeing with Khan, said it is vital that cities and regional areas have the right tools at their disposal to deal effectively with both the risks and opportunities Brexit will present.

The Autumn Statement will be published on 23 November.

Image credit | Shutterstock

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