East London in the sun

Is there a flip side to London’s economic recovery?

14 October 2015
This meeting took place on 15 October 2015. Read the transcript for the first section here and the second section here
Following the financial crisis of 2008, London’s economy has bounced back. Job creation has been particularly strong – by 2014 the total number of jobs was 12 percent higher than the pre-recession peak.

However part-time jobs in London now account for 29 per cent of the workforce, up from 26 per cent in 2008. Living costs are higher and wage growth for low-paid and part-time workers has slowed. Nearly half of part-time workers earned less than the London Living Wage in 2014.

Are Londoners getting enough out of their jobs in terms of pay, skills and career progression? Can flexible workers have enough control over their hours, pay and conditions? And what impact has this all had on London’s productivity growth?

The London Assembly Economy Committee is investigating London’s changing economy and labour market since the 2008 financial crisis. 

The following guests will be questioned:

  • Colin Stanbridge, Chief Executive Officer, London Chamber of Commerce and Industry (LCCI)
  • Lucy Haynes, Director for Member Relations and London, Confederation of British Industry (CBI)
  • Sue Terpilowski OBE, London Policy Chair, Federation of Small Business (FSB)
  • Ian Brinkley, Senior Economic Advisor, The Work Foundation
  • Andy Prendergast, Senior Organiser for South East London and Kent, GMB

The meeting will take place on Thursday 15 October from 2:00pm in Committee Room 5 at City Hall (The Queen’s Walk, London SE1). Media and members of the public are invited to attend.  The meeting can also be viewed via webcast.

Notes to editors

  1. Full agenda papers.
  2. Fiona Twycross AM, Chair of the Economy Committee is available for interview. See contact details below.
  3. London Assembly Economy Committee.
  4. 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.