Statement from the Mayor of London on the Budget

The Mayor of London, Sadiq Khan, said: 

“Today’s Budget is a really positive and significant day for London. At its heart is a new devolution revolution.

“After lobbying on the issue for many years, I’m delighted that the Government will help us to bring cross-channel rail services to Stratford International – making this station truly international for the first time. It will open up huge opportunities for jobs, investment and tourism. 

“The Government have also taken significant steps to devolve transformational new powers and funding to the capital, alongside other communities around the country. 

“Working with Number 10 North we’re delivering the largest devolution of powers to London seen in a generation.

“By giving London the ability to keep more of the money we raise, we can invest billions of pounds more in our future, helping to finally unlock transformational infrastructure projects such as the West London Orbital, the Bakerloo Line Extension and the Euston knowledge quarter project, supporting tens of thousands of new homes, jobs and economic growth. 

“Proper devolution is something I have been calling for years, and this Government gets the scale of the ambition needed where previous Governments have failed. 

“Action to address the cost of living and the cost of doing business is very welcome. Support for rising energy bills will be vital for many Londoners as the conflict in the Middle East continues to send shockwaves through the global economy.

“Alongside major new investment to tackle rough sleeping, to build more affordable homes and support for young Londoners to access vital skills training and employment opportunities, this Budget shows a real commitment to building a fairer, safer, greener and more prosperous London for everyone.”