Economy

Economy Committee

The Economy Committee scrutinises the work of the Mayor relating to economic development, wealth creation, social development, culture, sport and tourism in London, including the Mayor’s role as chair of the London Enterprise Panel.

Current investigation

SME access to workspace
The Economy Committee discussed the lack of affordable workspace for SMEs and how the business rates increase will impact SMEs at a meeting on Tuesday 21 February.

EU Exit 
The Economy Committee has held a series of meetings focusing on the impact of the EU Exit on London's economy. Sessions have included impact on the financial services sector and SMEs, workers' rights, big business and migration.

Recent work

Watch previous Committee meetings.

Sent a joint letter with the Mayor of London to the InterContinental Hotels Group about its commitment to become a London Living Wage employer. 

Produced a report, EU migration, which looked at the risks and opportunities that might come from changes to immigration policy post-Brexit.

Published a report, EU exit: workers' rights and the London labour market, which set out robust and radical approaches to supporting low paid workers in a post-Brexit London. 

Compiled a report, Apprenticeships: An un-level playing field, which set out a number of key recommendations to the Mayor to help improve the number of quality apprenticeships in London. 

Published a report, EU exit and financial services, which looked at the impact of Brexit on this important sector for the UK economy.

Produced a report, London's Hourglass Economy, which looked at London's labour market and the state of London's economy since the 2008 financial crisis.

Visited two flagship London enterprises, Brompton Bikes and the Central Research Laboratory, to examine the current state of manufacturing in the capital. The Committee then wrote to the Mayor of London about the importance of manufacturing

Carried out an investigation into the challenges facing the capital’s small theatres, which led to the London Theatres Small Grants Scheme.

Visited Tech City to explore the barriers to inclusive growth facing London’s Digital Economy.

A Mayoral Manifesto for the Digital Economy

A Mayoral Manifesto for the Digital Economy

Committee meetings

Browse meetings and agendas for this committee and to check out further information relating to the committee, including terms of reference.

Hourglass economy infographic 4 2x1

Feedback and news coverage

What was said

In response to ‘A Mayoral Manifesto for the Digital Economy’, John McLaren-Stewart, Managing Director, AT&A Insurance Brokers and Tech London Advocate said:

"This a pretty cool bit of work. It cuts through the waffle, is erudite and gets straight to the point with a clear delivery. It could of course be replicated for the UK as a whole..."

In the news

Brexit wish list created by London Assembly to to protect capital's financial sector - The Wharf

The case for a more independent, post-Brexit London is gaining strength - The Guardian

Government told to 'get a grip' of Brexit at London Assembly meeting - The Wharf

Londoners do not have to take low pay and insecure jobs as a given - The Guardian

Poor part-time pay in London 'stops mothers working' - BBC News

Small nurseries could go to the wall over 30 hours - Nursery World

The capital needs more diverse tech talent, says London Assembly report - Computer Weekly