Talking Point: Is London being forgotten?

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Rishi Sunak’s Budget has the country set for a flat recovery for living standards amid fears taxation could rise by £3,000 a household, a think tank has warned (Stefan Rousseau/PA) (PA Wire)
Rishi Sunak’s Budget has the country set for a flat recovery for living standards amid fears taxation could rise by £3,000 a household, a think tank has warned (Stefan Rousseau/PA) (PA Wire)

London business chiefs and Mayor Sadiq Khan both criticised the lack of support for London in Rishi Sunak’s Budget yesterday.

Sunak only mentioned the capital three times in his 63-minute speech, leading many to feel overlooked by the new announcements.

Business group London First said: “The Chancellor reeled off a shopping list worth of towns and cities across the UK but barely mentioned the nation’s capital.

“With London generating a net tax surplus of nearly £39 billion in normal times, its swift recovery will be vital for supporting levelling up across the UK.

“There were some welcome moves to support hard-pressed firms on the road to recovery — from business rates discounts to fuel duty cuts — but the absence of a funding deal for TfL is deeply disappointing: London itself won’t have the ‘London-style transport network’ the Chancellor says he wants for other parts of the country if it doesn’t get the cash it needs.”

Mayor Sadiq Khan, meanwhile, said the Budget “ takes the capital for granted.”

Do you think London has been treated unfairly, or is it important that funding also goes to other cities in the UK? Let us know your thoughts in the comments for the chance to be featured on the Evening Standard website.

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