The 2011 Budget: Focus on London

Although the Budget was fiscally neutral there were a number of positive features for London, especially for business. The Chancellor even went so far as to voice (for the first time) support for the City.

Corporation tax is being further reduced. Already scheduled to gradually fall to 24%, the rate will now drop by 2% rather than the previously scheduled 1% from April 2011 to 26%, before falling in stages to 23% by 2014. This will be the lowest company taxation rate in the G7.

CLondon is to have one of the new Enterprise Zones; this has been named as Royal Docks by the Mayor.