London is quietly rewarded in Autumn statement

23 November 2016

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Caroline Artis, EY Managing Partner for London said:

“When Philip Hammond highlighted the poor UK productivity, the one city he did congratulate was London which has one of the highest levels of productivity in the world, and whilst his words emphasised the importance of the Northern Powerhouse and the Midlands Engine, his funding package for London housing, devolution of adult education and investment in R&D and Tech were clearly a quiet nod to London to continue with a  model that encourages investment, and shows that London, and the UK are still open for business.

“Many of the announcements were a direct response to the things London had asked for and whilst there are still issues like the Business rate hike to address, City Hall will be quietly pleased”