Wired-GOV Newswire (news from other organisations)
London must invest in infrastructure & skills to remain globally competitive - CBI President
London’s future success as a global city depends on the capital having the right infrastructure in place, skills fit for the twenty-first century and getting devolution right, the CBI’s President will say today (Friday).
Speaking at the Autumn Lunch, CBI London’s flagship annual event, attended by the Lord Mayor of the London, the President of Britain’s largest business group will tell guests that infrastructure – from housing to transport – is the number one priority for businesses ahead of next year’s Mayoral election.
Paul Drechsler CBE, CBI President, said:
“London is a global city with a magnetic force, attracting the brightest and the best from all over the world. But staying ahead of the competition starts right here at home – on London’s streets and in London’s schools.
“We need to make sure that our pupils get the right skills, behaviours and experiences for the world of work. Then, when they’re ready to start their first day at work, they’ll need a city where they can afford to live. And with the city growing by two buses a day, there needs to be a transport system which works for them.
“London’s success as a global city rests on using the skills and expertise found all over the United Kingdom, through supply chains. The reality is that – often – when London grows, the regions prosper. Business must be active partners in plans for greater devolution, including on issues like planning and skills, to give them the confidence to invest and drive growth.”
The Rt. Hon. the Lord Mayor of London, Alderman Alan Yarrow, said:
“Skills and infrastructure are crucial to London’s long-term success. That’s why the City of London Corporation sponsors three academies, to ensure our young people get the education they need to get ahead.
“And it’s why I travel the world building relationships with overseas investors to ensure that London gets the investment it needs. Just this week, President Xi Jinping of China was at the Mansion House to sign £30bn of trade agreements to invest in vital UK infrastructure. This is exactly the sort of partnership we need to be forming if we are to maintain our place in the global race.”
Shelley Frost, Head of Consulting at JLL, said:
“London’s position cannot be taken for granted. It is a city in the midst of a dynamic and very global race and to be a resilient city of the future it needs to deliver a high level of connectivity, technology and creativity.
“It’s crucial that we create space for London to grow and there is no way the rate and quantum of London’s growth can be contained within existing office and commercial hubs. According to our latest analysis, c.25m sq ft of office space will be required by 2019 assuming current rates of employment growth. At the moment, there is only 13m sq ft due to be built, leaving a significant shortfall. However, this represents a major growth opportunity for the real estate industry and related sectors as it offers a chance to explore new and emerging markets beyond the traditional core locations.
“It’s imperative that policymakers continue to support London’s leading market clusters. These will provide the workplaces and business neighbourhoods of the future and cement London’s reputation as a top tier global city.”
Latest News from
Wired-GOV Newswire (news from other organisations)
NHS Confederation - Covid improving but NHS pressure remains27/05/2022 15:25:00
Darren Hughes, director of the Welsh NHS Confederation, responds to the Welsh Government announcement on the end of all legal Coronavirus regulations.
LGA responds to cost of living announcement27/05/2022 13:25:00
Cllr James Jamieson, Chairman of the Local Government Association, responded to the Chancellor’s announcement of a package of support to help with the cost of living
NHS Confederation - Health leaders concerned that Chancellor's interventions on cost of living are another sticking plaster27/05/2022 12:25:00
Matthew Taylor responds to the Chancellor's statement on the cost of living crisis and the measures he announced.
Citizens Advice responds to Chancellor's announcement on cost-of-living measures27/05/2022 11:05:00
Dame Clare Moriarty, Chief Executive of Citizens Advice yesterday responded to Chancellor's announcement on cost-of-living measures
Audit Wales - Work is needed to realise the long-term benefits and track on-going costs of the new Curriculum for Wales27/05/2022 10:10:00
The Welsh Government has worked well with the education profession to co-design the new curriculum, but it was initially developed without assessing its direct or opportunity costs.
UNICEF - Menstrual health and hygiene management still out of reach for many26/05/2022 13:20:00
Stigma, poverty, and lack of access to basic services like toilets and water are causing menstrual health and hygiene needs to go unmet and increasing women and girls’ risk of infections, UNICEF warned ahead of Menstrual Hygiene Day. These challenges are particularly acute among the poorest, ethnic groups, refugees, and people with disabilities.
Statement by UNICEF Executive Director Catherine Russell on school shooting in Uvalde, Texas26/05/2022 12:20:00
“Once again, children have been attacked and killed while attending school – the one place outside of their homes where they should be safest. This time it happened in Uvalde, Texas.
Audit Scotland - Pressures and stresses tighten across Scotland's 32 councils26/05/2022 10:05:00
Scotland’s councils have had a pivotal role in supporting and working with communities as they responded to the impacts of Covid-19. Now councils must lead recovery work with and alongside their local communities, focusing on getting the services people need in place as pressures and stresses escalate and impact the day to day lives of individuals and communities.
LGA responds to County Councils Network and Newton report26/05/2022 09:05:00
Cllr David Fothergill, chair of the LGA Community Wellbeing Board responded to analysis from the County Councils Network (CCN) and Newton of the underfunding of the Government’s proposed reforms to adult social care