Business leaders are urging the government to prioritize investment in housing, transport, and skills development in London ahead of the upcoming Spending Review. John Dickie, CEO of Business LDN, emphasized that long-term funding for Transport for London (TfL) is crucial for planning stability. He highlighted London's housing crisis as a significant barrier to economic growth and employment, noting that high housing costs deter businesses from retaining skilled workers. The rising rental prices exacerbate the situation for both employees and employers, necessitating innovative solutions.
"The sheer cost of getting a house - whether renting or trying to get on the housing ladder - makes it hard for businesses to attract and retain the talent they need."
"Housing is not just a social crisis in London, it's also holding back the economy. It's harder for businesses to keep and then retain their staff."
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