Agenda and minutes
Economy Committee - Thursday 23 October 2014 10.00 am

1.1  Apologies for absence were received from Gareth Bacon AM.

The Committee is recommended to:

(a)  Note the offices held by Assembly Members, as set out in the table at Agenda Item 2, as disclosable pecuniary interests;

(b)  Note the declaration by any Member(s) of any disclosable pecuniary interests in specific items listed on the agenda and the necessary action taken by the Member(s) regarding withdrawal following such declaration(s); and

(c)  Note the declaration by any Member(s) of any other interests deemed to be relevant (including any interests arising from gifts and hospitality received which are not at the time of the meeting reflected on the Authority’s register of gifts and hospitality, and noting also the advice from the GLA’s Monitoring Officer set out at Agenda Item 2) and any necessary action taken by the Member(s) following such declaration(s).

2.1  The Committee received the report of the Executive Director of Secretariat.

2.2  Resolved:

That the list of offices held by Assembly Members, as set out in the table at Agenda Item 2, be noted as disclosable pecuniary interests.

The Committee is recommended to confirm the minutes of the meeting of the Committee held on 9 September 2014 to be signed by the Chair as a correct record.

3.1  Resolved:

That the minutes of the meeting held on 9 September 2014 be signed by the Chair as a correct record.

Report of the Executive Director of Secretariat

Contact:  Dale Langford; [email protected]; 020 7983 4415

The Committee is recommended to note the completed and outstanding actions arising from a previous meeting of the Committee.

4.1  The Committee received the report of the Executive Director of Secretariat.

4.2  Resolved:

That the completed and outstanding actions arising from a previous meeting of the Committee be noted.

Report of the Executive Director of Secretariat

Contact:  Richard Berry; [email protected]; 020 7983 4199

The Committee is recommended to:

(a)  Note the report as background to discussing with invited guests the risks from climate change affecting London’s economy;

(b)  Delegate authority to the Chair, in consultation with party Group Lead Members, to make arrangements for an engagement event to discuss the impact of climate change on London businesses, to be held on 5 December 2014.

(c)  Delegate authority to the Chair, in consultation with party Group Lead Members, to agree the output of the Committee’s investigation into the economic impact of climate change.

(d)  Note that its next meeting on 6 November 2014 will include a discussion on this topic with a representative from Asda supermarkets.

5.1  The Committee received the report of the Executive Director of Secretariat as background to putting questions on potential risks climate change poses to London’s economy from the following guests:

·  Tom Burke, Chair, E3G;

·  Simon Howard, Chief Executive, UK Sustainable Investment and Finance Association;

·  Mark Jenkinson, City Director for London, Siemens; and

·  Dr Outi Korkeala, Senior Environmental Policy Economist, Ricardo-AEA.

5.2  A transcript of the discussion is attached at Appendix 1.

5.3  Resolved:

(a)  That the report and discussion be noted;

(b)  That authority be delegated to the Chair, in consultation with party Group Lead Members, to make arrangements for an engagement event to discuss the impact of climate change on London’s businesses, to be held on 5 December 2014; and

(c)  That authority be delegated to the Chair, in consultation with party Group Lead Members, to agree the output of the Committee’s investigation into the economic impact of climate change.

Report of the Executive Director of Secretariat

Contact:  Richard Berry; scrutiny@london.gov.uk; 020 7983 4199

The Committee is recommended to note the scope and terms of reference for an investigation into personal debt in London, as agreed under delegated authority by the Chair in consultation with party Group Lead Members.

6.1  The Committee received the report of the Executive Director of Secretariat.

6.2  Resolved:

That the scope and terms of reference for an investigation into personal debt in London, as agreed under delegated authority by the Chair in consultation with party Group Lead Members, be noted.

Report of the Executive Director of Secretariat

Contact:  Richard Berry; [email protected]; 020 7983 4199 

The Committee is recommended to note the letters from the Mayor and the London Enterprise Panel in response to the consultation on the emerging themes of the Economic Development Plan.

7.1  The Committee received the report of the Executive Director of Secretariat.

7.2  Resolved:

That the letters from the Mayor and the London Enterprise Panel, in response to the consultation on the emerging themes of the Economic Development Plan, be noted.

Report of the Executive Director of Secretariat

Contact:  Richard Berry; [email protected]; 020 7983 4199 

The Committee is recommended to:

(a)  Note its work programme and priorities for 2014/15;

(b)  Agree to explore options for holding an event on London’s financial services sector in early 2015; and

(c)  Note the response from London & Partners on the London Living Wage.

8.1  The Committee received the report of the Executive Director of Secretariat.

8.2  Resolved:

(a)  That the work programme and priorities for the Committee for 2014/15 be noted;

(b)  That exploring options for the holding an event on London’s financial services sector in early 2015 be agreed; and

(c)  That the response from London & Partners on the London Living Wage be noted.

The next meeting of the Committee is scheduled for Tuesday 4 November at 10.00am in Committee Room 5.

9.1  The date of the next meeting of the Committee was scheduled for the 4 November 2014 at 10.00 am in Committee Room 5, City Hall.

10.1  There were no items of urgent business.

11.1  The meeting ended at 11.50 am.