Sights set on tackling barriers to new North Sea investment

08 March 2017

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Caroline Artis, EY’s Managing Partner, London, comments on business rates relief:

The Spring budget brought the welcome news that the Mayor of London is to get greater powers enabling local decision making in several areas. A wide range of London businesses will be delighted if issues like congestion and funding infrastructure can be addressed by the GLA and London Councils, rather than the central Government.

Equally the exploration of further devolution of business rates, apprenticeships and health and social care should all be welcomed. Londoners will expect to see huge improvements in roads, rail and the Underground which will help keep London focused on a global future outside the EU.