Shaping London’s economic future

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1285 Londoners have responded | 31/07/2024 - 15/09/2024

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Discussion | Growing London’s economy together

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City Hall -in partnership with London Councils- is working on the London Growth Plan. This is a strategic document about the best way to grow London’s economy for the benefit of all Londoners.  

 Your experience of living and working in London will help them shape the plan. 

 Join the conversation: 

  • How do you see your future in the capital? What do you need to thrive?  
  • What do you like most or least about your local high street, and why? 
  • What does a good job or good place to work look like to you? 
  • What does successful economic growth look like to you? What would make you feel like you’re benefitting from it too?  

Shaun from City Hall’s Economic Development team will be joining in the discussion. 

The discussion ran from 31 July 2024 - 15 September 2024

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Comments (411)

Avatar for - Ringed seal
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I really worry for the future of London's economy if the huge cost of housing for average Londoners cannot be addressed, particularly in the rental sector - it will force many more into WFH roles in outer London or beyond, which would...

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I really worry for the future of London's economy if the huge cost of housing for average Londoners cannot be addressed, particularly in the rental sector - it will force many more into WFH roles in outer London or beyond, which would decimate other borough's/central London's high streets and put those councils under financial pressure with increased demand for services (which we're already seeing the effects of). 
I will soon have to leave my zone 2-3 borough, and potentially London as a whole, because I can no longer afford to rent a small flat - and I work for a major public sector company on a mid-level salary. The situation for lower paid workers is undoubtedly even worse. 
However, the average price for a 1 bedroom rental is £1600-1800 in my borough which is unsustainable without being in a couple, and several of my friends even relocated to European capital cities because the rent is cheaper and they get paid more. 
This is a shame as my local high street is safe and clean, has a variety of shops including many local and small businesses and I visit it several times a week. However it's not hard to see the impact high rent is having on local high streets and communities, for example on Clapham High Street, which is being gutted and replaced with a glut of homogenous fast food chains - with the excuse that it's a going-out hotspot (it always has been, but there was no need for 10 burger restaurants 10 years ago and I doubt demand has significantly changed). 
It means it's dirty and attracts ASB, lacks a community feel, and has no variety of 'daytime' services (e.g. post office), shops or restaurants any more. 
If fewer local people can afford to live close to the high street now, the whole neighbourhood suffers. Hopefully this can be addressed by adequate pay, considered & strategic planning decisions, and wider measures to address spiralling rent London-wide or nationally - before it's too late.

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Avatar for - Koala
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Hi,

 

I'm from hanwell a place i love and call home, but it does have its issues. Please make the high street better,its tired and doesn't look inviting. Re vamp the shops,varie them. make it more inviting. I mean we have large quantity of...

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Hi,

 

I'm from hanwell a place i love and call home, but it does have its issues. Please make the high street better,its tired and doesn't look inviting. Re vamp the shops,varie them. make it more inviting. I mean we have large quantity of million pound houses in golden Manor and around,would they come here,no, id saye defeintly not. 

 And the drunks and addicts.  they sit and drink on our high street all day, it's AWFUL. I thought it was ilegal to drink on our streets!!! But they sit on the main road blocking where we walk. And they don't get moved. It looks so bad ,please please can you do something about this big problem. I

 

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Thanks for your comment angelshades24,

We're really interested in the Growth Plan properly identifying the needs of high streets and local areas in 'outer' London: London has many economic centres, not just the City & Zone 1. 

You mention the look and feel of your high street - what kinds of things would it more appealing to you? What types of shops are missing? Is greenery or cycling/walking infrastructure important to you, or not? Do you also work locally?

Avatar for - Colombian spotted frog
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I am underwhelmed by the questions in the survey, it feels as if you want to skew results. No option given for running a company and an employers perspective. Very little opportunity to feedback about how bad the roads are and the damage...

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I am underwhelmed by the questions in the survey, it feels as if you want to skew results. No option given for running a company and an employers perspective. Very little opportunity to feedback about how bad the roads are and the damage LTN's have done to much of London. I'm guessing from the questions you want people to spend more time within "15 minutes" of where they live.

Honestly, London is so massive you can make money here if you want to but I have very little faith in TFL or the Mayor - pandering to one generation and economic strata for votes and neglecting business owners is a theme.  

 

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Avatar for - Monarch butterfly
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Agree with the concern about "loaded" questions. A particularly poor question was "To what extent, if at all, do the following have an impact on you visiting your High Street?" without any sense of whether impacts may be positive or...

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Agree with the concern about "loaded" questions. A particularly poor question was "To what extent, if at all, do the following have an impact on you visiting your High Street?" without any sense of whether impacts may be positive or negative. Then the option "Businesses that are part of a national/global chain." I almost answered that it had a strong impact because I deplore the effect of chains pushing independent busnesses, and that makes me less likely to visit my high street. However, I suspect you would have interpreted that as stronly supporting the influx of chains (so I answered "Don't know" in desperation).

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Hi bonaparte & Matthew in Waterloo,

Thanks for sharing your reflections on the survey. Hopefully, this discussion provides the space to add nuance on how various issues affect your impression of high streets, jobs, and more.

There is no inherent goal to increase the number of chain businesses in London. The survey seeks to understand if this is a consideration at all for Londoners choosing to use their high street or not. In some areas, chains may provide an essential service for local people. Or in others they may hinder independent trade. 

Are there any particular high streets you feel get the mix right or wrong?

In terms of Low Traffic Neighbourhoods and amenities being within 15 minutes of your home, we're interested to understand more about why people perceive these as either positive or negative: it's true that some adaptations displace car traffic onto major roads, away from residential streets. However, in the medium-to-long term, the data also shows improved air quality where people live, particularly around schools, more Londoners making active journeys on foot or bicycle (with associated health & wellbeing benefits), and other measures of belonging to a local area if someone is able to live, work and socialise, without it being necessary to drive or travel large distances. 

There are trade-offs across London's economy and we're hoping to understand more about where people sit on those. What do you think about when choosing where and how to travel? Is there a reasonable public transport option for the places you generally visit? 

If you are business owners yourselves, you may find Grow London Local a useful resource: Access personal support tailored to your business | Grow London Local

Avatar for - Staghorn coral
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London is a cess pit of suffering and violence. I hate it here 

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London is a cess pit of suffering and violence. I hate it here 

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Avatar for - Saola
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What I like least is the dirt and collapse of a quality shopping area.  I put some of this (quality shopping environment) down to stupid decision making via government and councils that are creating traffic from non-used cycle lanes and...

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What I like least is the dirt and collapse of a quality shopping area.  I put some of this (quality shopping environment) down to stupid decision making via government and councils that are creating traffic from non-used cycle lanes and ridiculous LTNs, which discourage people from making the journey to kingston, so will buy on line instead.  Bus lanes were brilliant.  They carried thousands of people more quickly from A to B.  They now are cycle lanes ( which in town I agree with) but where you see the odd user out of town, how can this be better than a bus lane?  There is no joined up thinking to good, non pollution traffic management.  ULEZ is a tax not managing traffic flow.  Coupling this with the sale of car parks to create more housing, you are just killing local community shopping areas.  
The dirt is just collapse of local services.  With one of the highest council taxes in the UK our streets are filthy.  Every day it reminds me of the bin worker strikes of the 70s with crap everywhere.  We are a disgrace.  
I don’t believe a housing crisis exists.  If all the unused houses/flats and Airbnbs were used as real homes, everyone would have a home.  The government and councils just want more building, as building creates wealth.  The decisions are again ruining environments.  Let’s be honest our biggest contributor to climate change is more people and that is all you seem to want.  There seems an absolute non existence of growing services to match population growth.  Services are getting smaller while population grows.  It’s a disaster.  I really see no positives at the moment.  We are on the road to utter chaos and destruction.  

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Avatar for - Staghorn coral
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It should NOT be an obejective to just grow London's economy. It should be an objective to grow London's economy PER CAPITA.

There should be a measure of economy per capita and at least one index of equality/inequality published.  

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It should NOT be an obejective to just grow London's economy. It should be an objective to grow London's economy PER CAPITA.

There should be a measure of economy per capita and at least one index of equality/inequality published.  

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Avatar for - Monarch butterfly
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I agree and would go even further. So many people (including, it appears, the Mayor/London Assembly) fetishise of "gowth for growth's sake" (or rather for the sake of businesses, politicians and the rich) without anything like adequate...

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I agree and would go even further. So many people (including, it appears, the Mayor/London Assembly) fetishise of "gowth for growth's sake" (or rather for the sake of businesses, politicians and the rich) without anything like adequate consideration of sustainability.

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Thanks NicFer,

It is absolutely a principle of the Growth Plan that any economic growth is inclusive, and that Londoners in all communities have the opportunities, skills and support to benefit from London's successes. Core sections of the plan will address how to create a fairer economy.

Are there any other considerations about equality/inequality we should be considering? Lots of commenters here are highlight the high cost of living and housing in London for example.

Avatar for - Orangutan
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As a driver, I have become totally disillusioned and frustrated with how Ealing has become the aggressor towards us. 
However, I am even more frustrated to experience how little Ealing council cares for pedestrians. 
I have been using Public...

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As a driver, I have become totally disillusioned and frustrated with how Ealing has become the aggressor towards us. 
However, I am even more frustrated to experience how little Ealing council cares for pedestrians. 
I have been using Public Transport and my own feet for the last 8 months. 
To say I have been appalled is an understatement. 
The never-ending  schemes cause  traffic congestion, exacerbated  by, road ‘works’- ie no work being done-and the amount of time - currently not even stated - this disgraceful inconvenience is imposed on the community, is unacceptable. 
The current farce at the junction of Broadmead Road and Ruislip Road is not only an outrageous inconvenience affecting car drivers and bus users, but is a dreadful danger to pedestrians. 
As an able-bodied person, I have had to take my life in my hands trying to cross the road to catch the E6  bus towards Bulls Bridge. 
The three way temporary lights are  impossible. 
Danger 1: the  ‘pedestrian’ crossing is not actually a working one. Pedestrians must rush across once they see one of the lines moving. Because there is no safe time or place to cross. 
Danger 2: the lights have broken down in my personal experience) three separate times. You cannot possibly believe this is ok. 
Imagine the chaos. As a driver, as a bus user or as a pedestrian. 
Danger 3: On two occasions, the ‘work’ going on has caused extreme flooding due to some water/pipe issue.
The bus services of course are affected by ridiculously unacceptable traffic jams generated; journeys cannot be planned. 
Danger number 4) 

Once you realise that the bus due to arrive 15 minutes ago ( acc to TFL app) is  obviously not coming,you start walking, and realise the pavements also prove to be dangerous due to overgrown trees and  bushes, neglected, unrepaired  pathways. 
I have tripped, been scratched, and jostled into the road.

Think : parents with children/buggies

Disabled people

Wheelchair users. 
Elderly/infirm. 
Have you no care for any Ealing residents? 

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Avatar for - Tiger
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Less WOKE more action. Public transport is a joke. The Police are next to useless, to busy investigating insults on social media instead of solving real crimes. An absolute idiot of a Mayor who has his own religious agenda.

Avatar for - Colombian spotted frog
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Thanks for this survey, like many my main struggle is the cost of living. 

Despite working multiple jobs, my rent and travel costs take up 80 to 90 percent of my income per month leaving me with nothing to be social with and having to be...

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Thanks for this survey, like many my main struggle is the cost of living. 

Despite working multiple jobs, my rent and travel costs take up 80 to 90 percent of my income per month leaving me with nothing to be social with and having to be very careful with bills and food costs.

I think London is particularly hard for single adults like me who have no-one to split costs with, Council tax is a huge strain.

I would love for travel to be made more affordable and businesses being held to account more. One company I work for is based in zone 1 and makes massive profits, but doesn't pay us anywhere close to London living wage.

I think some regulation around businesses based in very expensive areas with high turnover paying a certain rate to staff would be a huge positive change.

 

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Oh dear, just read through a good part of this thread. Not many positive points here.  So here's a shout out to the cultural life of London, the beauty of so much of the city, the diversity across all of our boroughs, ethnic, age, etc, the...

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Oh dear, just read through a good part of this thread. Not many positive points here.  So here's a shout out to the cultural life of London, the beauty of so much of the city, the diversity across all of our boroughs, ethnic, age, etc, the buzziness of places like the Southbank  - that's why I live here in spite of the problems.   So though I agree with so many of the complaints, cost of housing v wages, too many boarded up shops and the street crime, lets all agree restoring the glory of London is worth fighting for.  When you've digested these responses City Hall, how about seeking some ideas for community responses, so we can play our part in solving at least some of the problems.  

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It feels like street crime has got worse. I'm scared to use my phone in the street , and worried about young relatives getting killed for being in the wrong place at the wrong time.  This has got worse over the last 10 years.  This must put...

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It feels like street crime has got worse. I'm scared to use my phone in the street , and worried about young relatives getting killed for being in the wrong place at the wrong time.  This has got worse over the last 10 years.  This must put companies off investing in London.  And too many parts of inner London sorely lacking trees and greenery - bad for the people, bad for the environment. 

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Avatar for - Ringed seal
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I’m still quite young and London has got perceptibly worse in my lifetime.


Crime, lack of job opportunities for people starting their career, cost of living, housing prices, social atomisation. I feel like everything is forcing non...

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I’m still quite young and London has got perceptibly worse in my lifetime.


Crime, lack of job opportunities for people starting their career, cost of living, housing prices, social atomisation. I feel like everything is forcing non-homeowners out of the city.


I’m fortunate enough to have a STEM background and I am seriously considering emigration. I don’t feel like I can have a successful or fulfilling life and career in London or Britain more broadly anymore.

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Hi thetylertoo, thanks for commenting and I know lots of Londoners share very similar concerns particularly on affordability. In terms of living elsewhere - what sort of locations are you considering and what draws you there? What places have the pros of London, but fewer cons for you?

Cheers,

 

Shaun

Avatar for - Ringed seal
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Hi Shaun, thanks for your quick response.


In Britain, I’d probably only stay in London. I’m a software engineer and unfortunately the opportunities elsewhere in the country aren’t so good. So I’m most likely to look abroad.


It depends what...

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Hi Shaun, thanks for your quick response.


In Britain, I’d probably only stay in London. I’m a software engineer and unfortunately the opportunities elsewhere in the country aren’t so good. So I’m most likely to look abroad.


It depends what you prioritise. In terms of jobs & opportunities, the US is clearly better. There are more tech jobs, more startups, and salaries are astronomically higher. I’m taking a year out as a master’s student and I’m trying to see if I can get a job at my old company’s New York office. I was talking to a former colleague from there; we started out at the same company in the same position and he earned about 150% of my salary. 

Of course, New York & the Bay Area have similar problems to London wrt crime, cost of living, and housing shortages. But that kind of salary increase certainly helps look past all those issues! As a young person, it’s also annoying that shops, bars & restaurants in London close so early. 

If youre prioritising lifestyle over opportunities, Austin and Montreal both have growing tech sectors, vibrant cultural life, and much lower costs of living. I was an undergraduate student in Montreal and generally enjoyed it more than London, but that might just be nostalgia for being a student haha. It is also certainly safer than London. I never had to deal with phone snatchings there.


Of course, it’s quite hard to emigrate to America if you can’t get on the H1B visa route. I speak French and I’m also considering jobs in France. Particularly Toulouse, given the weather, quality of life, and the opportunities in the aeronautical industry.


All considered, I fear there’s many local & macro trends working against london’s prosperity. Some within the municipal govt’s control, most beyond it. I’m afraid we may be upstream of quite a large brain drain from London and the UK more broadly.

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Avatar for - Tiger
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Ealing Council has No Heart or Soul it Robs Motorists with its Stealth Cameras and Has Zero Customer Service.       DPJ777.

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Ealing Council has No Heart or Soul it Robs Motorists with its Stealth Cameras and Has Zero Customer Service.       DPJ777.

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Avatar for - Tiger
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London is Becoming A Sewer.

Avatar for - Staghorn coral
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It is hard to define a ‘London Economy’ as it is made up of so many smaller subsections. Most people stay in their own towns and local areas, occasionally venturing “Up West” or to somewhere like a Westfield. Central London is full of small...

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It is hard to define a ‘London Economy’ as it is made up of so many smaller subsections. Most people stay in their own towns and local areas, occasionally venturing “Up West” or to somewhere like a Westfield. Central London is full of small enclaves catering to particular groups and the main streets eg Oxford Street have almost become no go areas for locals. I go into London 4-5 times a week to visit the theatre, ballet, museums, restaurants and parks as I believe there is no point living here if you don’t avail yourself of the world class facilities. However, my children have grown up, I have free travel and my mortgage is paid off so I am in a privileged position. My four adult children (25-32; degrees from Russel Group unis; well paid), find living and working in London very expensive and in one way or another are supported by their parents to do so. I do not come from generational wealth and have done well in London, where I was born, but it’s not easy to live here, despite its many advantages and opportunities. The rapid rise in population has also made everything so much harder and the lack of listening and “reading the room” by local and national politicians and the pandemic and Brexit aftermaths have created a sense of ennui that is hard to shake off, especially in the young. The attitude I come across is, “l’ll never be able to…” and “…it’s alright for you…” To my mind, Optimism is at an all time low and the city feels in a low mood. It’s dirty, over-crowded, we’re losing the sky with all the towers being built (most of which don’t address the housing needs), the cost of living here has rocketed - it’s a hard city to be in right now and middle income Londoners are bracing themselves for the national government’s tax increases, which hit London earners harder, as we are paid more, yet it takes no account of the high cost of living. London weighting may as well not exist. London is a very divided city, it's currently hard to move up in the world living here.

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Avatar for - Rhino
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I have spent most of my life in London, and as a young man loved it. Thought i would live here for the rest of my life

Now i hate it and do not want to live or work in it any more.

It has no life or soule anymore and no sense of community. 

I...

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I have spent most of my life in London, and as a young man loved it. Thought i would live here for the rest of my life

Now i hate it and do not want to live or work in it any more.

It has no life or soule anymore and no sense of community. 

I worry about my children going out with the rising crime. Due to the lack of decent police, there recruitment is more about how many languages they speak rather than them being fit for purpose. HAve no respect for there lack of action wasting time guarding the mayor, who is a wast of space and skin, and iintent on destroying London.

Ulez has caused my family and work a lot of money for nothing, it has also stopped several exibitions taking place.

My local high street is dead.

as for all the crap flats and lack of propper family housing. Planning is obviously corrupt. 

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Avatar for - Sumatran elephant
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Pre and Post Covid the worst impact upon London as a city has been the parochialism. I'm born and raised and still live in Hackney but the borough and the wider city is suffering because of entitlement from those who've priced out and...

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Pre and Post Covid the worst impact upon London as a city has been the parochialism. I'm born and raised and still live in Hackney but the borough and the wider city is suffering because of entitlement from those who've priced out and social cleansed the borough and the city. I feel like the place I'm from lost its soul through gentrification and an influx of entitlement. 

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Avatar for - Leatherback sea turtle
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Affording to live in London is increasingly difficult, rents and house prices represent a ludicrous percentage of income for most that the city is something that con only be enjoyed with great restraint


Wages and inflation need a complete...

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Affording to live in London is increasingly difficult, rents and house prices represent a ludicrous percentage of income for most that the city is something that con only be enjoyed with great restraint


Wages and inflation need a complete overhaul 

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I have lived in Ealing since 1985 and have seen the deterioration of the borough over the years. Our streets and pavements are constantly being dug up for various reasons causing disruption in travel around Ealing and the pavements are...

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I have lived in Ealing since 1985 and have seen the deterioration of the borough over the years. Our streets and pavements are constantly being dug up for various reasons causing disruption in travel around Ealing and the pavements are uneven resulting in us falling and slipping on the leaves which aren’t swept away in autumn. The passageway between south and north road which leads to my flat is used as a dumping ground and open toilet by the council tenants/housing association leaseholders and is very dangerous for us to walk in especially in winter and when it rains. Ealing council refuses to take any action in improving the situation and expect us to deal with it all. It is disgusting for us to come home at night and see them weeing on our gates and walls and our wheely bins robbed and their rubbish scattered on the pavement outside our passageway. Despite repeated complaints made to the council, they don’t take any action against their tenants who are the perpetrators and harass us in this way. 

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