Restaurant worker

London - for richer, for poorer?

15 January 2018

Many Londoners are stuck in low paid, low skilled jobs and the gap between pay and the cost of living is leading to an increased likelihood of in-work poverty. 13 per cent of full-time jobs and 48 per cent of part-time jobs are paying below the London Living Wage.[2]

The Mayor’s Draft Economic Development Strategy is his blue print to grow London’s economy until 2041.

The Mayor is keen to take a fresh approach to economic development with fairness and inclusion at the centre of his Strategy – but how will he achieve this?

Can the Mayor seek to lower the cost of living in London and make London a more affordable city to live and work in?

Tomorrow, the London Assembly Economy Committee will discuss the Mayor’s Draft Strategy and his ability to deliver on his key commitments to create both a fairer and more inclusive economy and the right conditions for growth, including support to London’s sectors.  

The guests are:

  • Rajesh Agrawal, Deputy Mayor for Business
  • Ben Johnson, Senior Adviser to the Mayor – Digital and Business Policy
  • Catherine Glossop, Principal Policy Officer Strategy & Innovation, Economic and Business Policy Unit, Greater London Authority
  • Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, University College London
  • Andrew Carter, Chief Executive, Centre for Cities
  • Mubin Huq, Director of Policy and Grants, Trust for London

The meeting will take place on Tuesday, 16 January from 10:00am in Committee Room 5 (The Queen’s Walk, London SE1).

Media and members of the public are invited to attend.

The meeting can also be viewed LIVE via webcast or YouTube

Follow us and take part in the meeting discussion using #AssemblyEconomy and #EconomicDevelopment
 

Notes to editors

  1. Full agenda papers.
  2. Based on ONS 2015 data, referenced in paragraph 2.7 of the Economy Committee report, ‘The Hourglass Economy: An analysis of London’s Labour Market’ 
  3. Caroline Russell AM, Chair of the Economy Committee is available for interview. See contact details below.
  4. London Assembly Economy Committee.
  5. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

For media enquiries, please contact Lisa Lam on 020 7983 4067.  For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer.  Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.
 

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