{"id":247769,"date":"2025-02-27T08:22:27","date_gmt":"2025-02-27T08:22:27","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/27\/london-growth-plan-mayor-sadiq-khan-aims-to-boost-capitals-economy\/"},"modified":"2025-02-27T08:22:27","modified_gmt":"2025-02-27T08:22:27","slug":"london-growth-plan-mayor-sadiq-khan-aims-to-boost-capitals-economy","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/27\/london-growth-plan-mayor-sadiq-khan-aims-to-boost-capitals-economy\/","title":{"rendered":"London Growth Plan: Mayor Sadiq Khan aims to boost capital’s economy"},"content":{"rendered":"
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Increasing growth productivity is the “key” to higher wages and better public services, the mayor of London says <\/figcaption><\/p>\n<\/figure>\n
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Plans to “turbocharge” economic growth in the capital will create 150,000 jobs and make Londoners better off, according to the mayor of London.<\/p>\n

Along with London Councils – a cross party group of local authority representatives – Sir Sadiq Khan is set to pledge to increase growth, which fell after Brexit, the Covid-19 pandemic and changes in working habits, as part of his London growth plan.<\/p>\n

Industrial hubs in outer London, plans for rent-controlled key-worker homes and public transport upgrades, will be part of the plans, the mayor said.<\/p>\n

City Hall’s Conservatives said the mayor had so far “suffocated” economic ambition in London and that it took the figures in the plans with a “pinch of salt”.<\/p>\n<\/div>\n

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According to the London Growth Plan<\/a>, the first priority is to increase the growth productivity rate to 2% (from the current 0.12%) each year until 2035, providing an extra \u00a327 bn in tax revenue for the Treasury.<\/p>\n

This would be “the key to higher wages, higher living standards and increased investment in public services”, the mayor’s office said.<\/p>\n<\/div>\n

AI and robotics<\/h2>\n<\/p>\n
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Under the plans, to be announced at Imperial College, 20% of Londoners on the lowest incomes will be 20% better off after their housing costs.<\/p>\n

“This growth plan provides a golden opportunity to turbocharge growth and unlock London’s full potential – for the benefit of all Londoners and the whole country,” Sir Sadiq said.<\/p>\n

Harnessing sectors such as as AI, life sciences, robotics, clean tech, quantum computing, as well as the creative industries, will help to achieve this, the mayor added.<\/p>\n

The proposals include: <\/p>\n