By Paul Drechsler CBE, Chair – London First
For London to play its part in the UK’s return to growth, an international outlook and global agenda are critical, but so too is our local focus, explains London First’s Chairman Paul Drechsler CBE.
Berlin, Paris, Dublin, Singapore, Beijing, and New York City – these are just a handful of cities that are actively and energetically competing with London for the title of best capital city in the world to live, work and play. To hold our place, we need a robust economic plan that will accelerate our recovery post COVID.
London’s businesses and taxpayers generate the highest surplus (tax) by far of any city or region in the UK, producing £39bn pre-pandemic. When the city is firing on all cylinders, its opportunities extend to other parts of the UK as well. Interdependence, interconnectedness, and collaboration are what makes us so successful, which is why we must re-establish this position as quickly as we can, but how?