Chancellor Rachel Reeves is set to publish the spending review that emphasizes the importance of London in supporting the UK’s economic growth mission. The City of London is undergoing a transformation to adapt to new business needs created by hybrid working and investor expectations. With significant job growth and economic output, major firms are reaffirming their commitment to the Square Mile, underscoring its critical role in the national economy. The new City Business Investment Unit aims to facilitate investment and ensure London's prosperity continues to benefit the broader UK economy.
Failing to back London in the spending review could cost the UK's growth mission for years to come, which highlights the necessity of supporting the capital's economy.
The City of London is rising to this challenge and reshaping itself to meet the needs of tomorrow's businesses through its ambitious Destination City programme.
A thriving City fuels prosperity across the UK, attracting global investment, creating high-value jobs, driving tax revenues and supporting supply chains and skills in every region.
The decisions taken in this week’s spending review will help shape the future economy for years to come, signifying the importance of London’s role.
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