Autumn Budget 2024: Highlights and Implications for London November 28th, 2024 by Adam Yousef The Government’s Autumn 2024 Budget included several major fiscal changes, including a revision of the method by which national debt is measured for national accounting purposes, an upcoming rise in national insurance contributions for employers and commitments related to regional devolution. Some of these changes could significantly influence London’s economic trajectory. On October 30th 2024,…
Updated London Finance Commission tables May 25th, 2023 by Mike Hope In its 2017 report[1], The London Finance Commission (LFC) concluded that a broader tax base for local government, with stronger fiscal controls at the local level, would support growth through the delivery of more integrated and efficient services and increased infrastructure investment. More devolved governance structures might support the development of the strategically important Central…
London’s Economy Today – editorial – October 2022 October 27th, 2022 by Daryl Rozario, Mike Hope, James Watson, and Jasmine Farquharson Reverberations of mini-Budget continue to echo through the economy Last month’s LET editorial discussed the tax cuts (worth £45 billion in 2026/27) announced in the mini-budget on 23 September 2022. The current Chancellor of the Exchequer, Jeremy Hunt, has reversed £32 billion worth of these measures, including the planned reductions in corporation tax, and the…
