Agenda and minutes
Economy Committee - Tuesday 10 October 2017 3.30 pm

To receive any apologies for absence and any announcements from the Chair.

1.1  Apologies for absence were received from Jennette Arnold OBE AM, for whom Unmesh Desai AM substituted and for Shaun Bailey AM, for whom Tony Arbour AM substituted for.

Report of the Executive Director of Secretariat

Contact:  Clare Bryant, [email protected], 020 7983 4616

The Committee is recommended to:

(a)  Note the list of 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 to note 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 13 September 2017 to be signed by the Chair as a correct record.

3.1  Resolved:

That the minutes of the meeting held on 13 September 2017 be signed by the Chair as a correct record.

Report of the Executive Director of Secretariat

Contact:  Clare Bryant, [email protected], 020 7983 4616

The Committee is recommended to note the completed and outstanding actions arising from its previous meetings.

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

4.2  Resolved:

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

Report of the Executive Director of Secretariat

Contact: Matt Bailey, [email protected]; 020 7983 4014

The Committee is recommended to:

(a)  Note the report as background to the discussion with invited guests on the Mayor’s role in promoting financial inclusion and notes the subsequent discussion.

(b)  Delegate authority to the Chair, in consultation with the Deputy Chairman and party Group Leads, to agree the output from the Committee’s scrutiny review of the Mayor’s role in promoting financial inclusion.

5.1  The Committee received the report of the Executive Director of Secretariat as background to putting questions on the Mayor’s role in financial inclusion to the following invited guests:

•  Tony Greenham, Director of Economy, Enterprise and Manufacturing, RSA;

•  Jennifer Tankard, Chief Executive, Responsible Finance;

•  Professor Richard Werner, Director, Centre for Banking, Finance and Sustainable Development, University of Southampton Business School;

•  Natasha Jones, UK Head of Corporate Communications, Funding Circle;

•  Mike Conroy, Executive Director for Corporate and Commercial Banking, UK Finance; and

•  Faisel Rahman, Managing Director, Fair Finance;

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

5.3  Resolved:

That the report and discussion be noted.

Report of the Executive Director of Secretariat

Contact: Carmen Musonda, [email protected]; 020 7983 4351

The Committee is recommended to

(a)  Note the work programme and priorities for 2017/18, as set out at paragraphs 4.2 to 4.9 of the report.

(b)  Agree the proposed changes to its work programme set out in paragraphs 4.7 to 4.9 of the report, namely to focus on London & Partners’ tourism vision, and the role of the newly appointed Chief Digital Officer for London, at its meeting on 7 November2017, and to review the Mayor’s draft Economic Development Strategy at its meeting on 12 December 2017.

(c)  Note the summary points of Members’ visit to the London Borough of Croydon as part of its investigation into London’s culture and the night time economy on 5 September 2017, as set out in Appendix 1 to the report.

Note for Chair’s call-over: The Appendix is not attached.

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

6.2  Resolved:

(a)  That the work programme and priorities for 2017/18, as set out in paragraphs 4.2 to 4.10 of the report be noted.

(b)  That the proposed changes to the Committee’s work programme set out in paragraphs 4.8 to 4.10 of the report, namely:

(i)  To focus on London & Partners’ tourism vision, and the role of the newly appointed Chief Digital Officer for London, at its meeting on 7 November 2017; and

(ii)  To review the Mayor’s draft Economic Development Strategy at its meeting on 12 December 2017, be agreed

The next meeting of the Committee is scheduled for Tuesday, 7 November 2017 at 10.00 am in Committee Room 5, City Hall.

7.1  The date of the next meeting of the Committee was confirmed as Tuesday, 7 November 2017 at 10.00am in Committee Room 5, City Hall.

8.1  There were no items of business that the Chair considered to be urgent.

9.1  The meeting ended at 5.40pm.