2012 Olympics and job creation (Supplementary) [4]

Session date: 
May 23, 2007
Question By: 
John Biggs
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Also, for the record, is it not the case that Tower Hamlets currently has the strongest job growth of any London borough, primarily because of Canary Wharf; that Newham will have significant job growth around Stratford City; and that the representation that suggests that East London's economy is not growing is basically ignorant?

The real challenge for my constituents is to make sure those jobs are accessible for people with the qualifications coming out of schools, people who need to be redeployed from jobs that are disappearing from the area, and that is the challenge that the LDA primarily has to push itself into in the coming years.

Answer

Answer for 2012 Olympics and job creation (Supplementary) [4]

Answer for 2012 Olympics and job creation (Supplementary) [4]

Answered By: 
The Mayor

It is certainly the case that for several years now the London economy has been growing more strongly than the national economy, most spectacularly in the field of retail sales. I think our real problem is the resentment from other parts of Britain that we seem to be doing so much better than the rest of Britain. This long term commitment - 50,000 new jobs that follow the regeneration, starting around Stratford and the Olympics and working its way all the way down to the Thames over the decade that follows - this is the most amazing opportunity.

John's [Biggs] point is absolutely right. We have to make certain that East Londoners who have not got the skills for the jobs that are coming get the opportunity so that they can access these jobs, and this is what the Skills Board that I chair is now examining. It would be a tragedy if, at the end of this, we had this vast and dynamic new hub of business, and yet we still had local communities left behind and not engaged. That will take some fairly difficult decisions.