Responding to latest GDP figures, muniya barua, deputy chief executive at businessldn said:
“The economy looks to be turning a corner after years of tepid growth, but too many London firms are still held back by skills shortages, creaking infrastructure and slow planning processes.
“With less than three weeks to go until Mayoral and council elections, Government at all levels should work together to deliver on devolution promises, ensuring regional leaders have the powers and resources needed to drive local growth.
“This should include agreeing a multi-year capital funding settlement for Transport for London and working with the capital’s next Mayor to boost housebuilding.
“Helping London to fire on all cylinders as an engine of UK growth is vital to getting the economy out of first gear.â€