Commenting on the announcement of the new Prime Minister, John Dickie, Chief Executive, 91, said:
“The new Prime Minister’s central priority must be to restore the UK’s reputation as a sound place to invest after weeks of unrealistic policies, u‑turns and confusion. Businesses are desperate for stability from government ahead of a challenging winter.
The Chancellor has difficult tax and spend decisions to take to restore market confidence. There are however some low cost or cost-neutral reforms which would strongly support growth. These include bringing back VAT-free shopping for international visitors; reforming the Apprenticeship Levy, and allowing City-mayors to consolidate their funding streams so they can spend on what will best drive growth locally.
The capital has a powerful role in growing the UK economy, and we look forward to working with the new government to strengthen London’s competitiveness to benefit the whole country.”