Shaping London’s economic future

London has world-leading industries and attracts global talent and skills. In 2022, the capital contributed nearly a quarter of the UK’s total output despite only around 13% of the UK’s population living in the capital. 

However, in recent years, our city has faced economic challenges and slow growth. This is due to factors such as:

• The cost-of-living crisis
• Brexit
• The COVID-19 pandemic
• Climate change
• Political instability. 

To improve living standards, especially for low and middle-income households, London needs a new approach to economic growth.

In partnership with London Councils, the Mayor of London is working on a London Growth Plan.

The London Growth plan aims to:

• Help with the creation of good jobs
• Ensure Londoners from all communities can benefit from the city's growth
• Enhance and improve Londoners' skills so they're ready for well-paid, quality jobs
• Ensure all growth initiatives contribute to net zero.

Throughout 2024, City Hall will gather feedback from a diverse range of stakeholders to help inform the London Growth Plan. 

These stakeholders include: 

• London boroughs
• Education providers including Universities and colleges 
• Research institutions
• Community and voluntary groups
• Employers of all sizes and industries
• Trade Unions 
• Londoners. 

You can have your say here on Talk London too. 

City Hall wants to understand your real-life experiences of living and working in London. We would love your suggestions for how your experience and feeling of belonging in the city could be improved in London’s economy and job market. 

We will share your contributions with City Hall’s Economic Development unit.  

They will analyse your views, alongside those from other stakeholders, to help shape the London Growth Plan.  

City Hall’s Economic Development Unit delivers the Mayor’s economic strategy to help build a better city for every Londoner.  

They: 

• Strengthen London's world-leading economy and business sectors  
• Stimulate business growth 
• Champion and improve the working lives of Londoners. 

London Councils represents the 32 London boroughs and the City of London Corporation.  They work together through London Councils to:

• Ensure that Londoners have access to good quality housing that is affordable

• Create a fairer, more prosperous city for all Londoners

• Support boroughs to deliver a net zero and resilient London

• Put communities and preventative health care at the heart of local government 

• Ensure London has a shared vision with opportunities for all Londoners.