Wednesday 17 July 2024

In response to the King’s Speech, Karim Fatehi MBE, CEO of the London Chamber of Commerce and Industry said: 

“We are pleased to see the government reaffirm the commitments it made to the business community during the election campaign to “take the brakes off Britain” particularly with the announcement of the ambitious legislative agenda to “accelerate high-quality infrastructure and housing” and reform the apprenticeship levy.

"We are also encouraged by the investment announced for the UK’s transport network. We would however urge the government to extend these reforms to London and agree a long-term funding plan with TfL in order to upgrade London’s transport network and secure the future of this vital asset.

“We support the government’s commitment to achieving energy independence and welcome a bill to support sustainable aviation fuel production which we have long called for.

“While our capital remains resilient, challenges persist for businesses in London, and our members need to see the government go further by reforming the business rates system to encourage business growth, clarifying timelines for delivering planning reform and increase investment in skills. The policies and legislation outlined today will go some way to ensure a stable and prosperous economy but there is still more to do to build a London in which all businesses can thrive.” 

 ENDS