Stoddart Review

Meeting: 
MQT on 2017-01-18
Session date: 
January 18, 2017
Reference: 
2017/0157
Question By: 
Tony Devenish
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

Does the Mayor welcome the Stoddart Report? What practical steps will the Mayor implement in order to play his part in improving workplace productivity by 2020? How will he measure success?

Answer

Answer for Stoddart Review

Answer for Stoddart Review

Answered By: 
The Mayor

I welcome the Assembly Member raising the important issue of productivity in London’s economy. As I set out in my draft Economic Development Strategy, which I am consulting on currently, by 2041 I want London to have the highest productivity among global cities. It is important to recognise London’s productivity has slowed since the financial crisis for a variety of factors and also productivity performance is uneven in London with central areas performing more strongly than outer areas. My draft strategy discusses these issues in more detail and sets out a number of actions I and others can take to further enhance London’s competitiveness and create a business environment that is not only friendly – in terms of being conducive to investment and growth – but also fair, where all companies play by the rules and where all Londoners stand to benefit. I look forward to receiving the Assembly’s views on my proposals