Sir Sadiq’s new strategy aims to ‘create 150,000 good jobs, build more affordable homes, and deliver major new transport upgrades’
Sadiq Khan, the Mayor of London, has unveiled the London Growth Plan, aimed at revitalizing the city's economy. The plan targets the creation of 150,000 jobs, the development of affordable housing, and significant transport improvements. By 2035, it aims to expand London's economy by £107 billion, potentially adding £11,000 to each Londoner's pre-tax income and generating £27.5 billion in taxes. Key initiatives include infrastructure investments, such as extending subway lines, devolving suburban rail services, and a £100 million fund for small and medium enterprises. Khan emphasizes equitable growth across all areas of London. However, experts note that the plan's success may depend on greater financial autonomy. Local councils support the initiative, viewing it as a catalyst for widespread economic growth.
