Post on 29-Dec-2015
Leadership Metropolitaine:Londres/London
Mark Kleinman Director, Economic and Business PolicyGreater London Authority
London’s economy – fundamental strengths
• Vast, global city economy• Job growth of over 800,000 between
1996 and 2011; forecast of 850,000 2011-2036
• International centre of trade and innovation
• Resilient, diverse economy
• Strong globally competitive position
London is a sought-after business location
Attractiveness of London to business
2011 2010 2009 2008 2011 Lead
Availability of qualified staff 1 1 1 1 London
Easy access to markets 1 1 1 1 London
Quality of telecommunications 1 1 1 1 London
External transport links 1 1 1 1 London
Cost of staff =30 29 28 29 Bucharest
Climate for doing business 3 2 4 5 Dublin
Language spoken 1 1 1 1 London
Office space - value for money =24 26 23 24 Warsaw
Internal transport 1 1 1 1 London
Availability of office space 10 =4 2 5 Berlin
Quality of life 10 10 11 14 Barcelona
Freedom from pollution 25 =25 29 27 Stockholm
Source: European Cities Monitor, Cushman & Wakfield (2008-2011)
Firms can access a large volume of people who themselves are attracted to live and work in London.
Source: TfL
Number of residents accessible by public transport in 45 minutes
So there is a concentration of employment in London, particularly central London.
Source: ONS (BRES) 2011
Number of people in employment per sq km, all sectors
London’s labour productivity
115
120
125
130
135
140
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Index
UK =
100
London
GVA per hour worked index, London, 1996 – 2009, UK = 100 (Source: ONS/BIS 2010)
Looking ahead London’s population is projected to grow significantly …
Source: GLA Intelligence Unit
… as is London’s employment …
Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations
0
1000
2000
3000
4000
5000
6000
7000
1984
1988
1992
1996
2000
2004
2008
2012
2016
2020
2024
2028
2032
2036
000s
Historic
Projected
… particularly in the professional business services sector.
Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations
0
200
400
600
800
1000
1200
1984
1988
1992
1996
2000
2004
2008
2012
2016
2020
2024
2028
2032
2036
000s
Professional, Real Estate, Scientific and Technical Activities
Health
Administrative and Support Service Activities
Retail
Financial and Insurance Activities
Information and Communication
Accomodation and Food Service Activities
Education
London, France's sixth biggest city?
•More French people live in London than in Bordeaux, Nantes or Strasbourg and some now regard it as France's sixth biggest city in terms of population.
•The French consulate in London estimates between 300,000 and 400,000 French citizens live in the British capital.
•Third French school to open in Wembley, North London. French Ambassador to the UK Bernard Emié said: “This historic building provides an ideal space and enjoys the perfect location to house our future school, which will enable us to increase the reception capacity of French secondary education in London. Indeed, the project is very eagerly awaited by the French community and all those who recognise the quality of French education in London.”
Metropolitan Leadership• London Mayor has set of strategic
powers• Government has increased Mayor’s
powers over the last 13 years• Two-tier system: boroughs spend about
as much as the Mayor and control most local service delivery
• Big gap is fiscal powers
London Enterprise Panel
Crossrail
London Finance Commission• Funding arrangements should allow London
government to make additional self-determined investments in its own infrastructure both to cater for the growth already forecast for its population and economy, and to promote additional economic growth.
• Relax restrictions on borrowing for capital investment while retaining prudential rules
• Devolve the full suite of property tax revenue to London
• Reforms would increase london government’s accountability to residents and businesses.
Should Mayors rule the world?• More attention is being focussed at the
city level of leadership• Gridlock and legitimacy issues at
national level• Mayors need the right set of strategic
powers at metropolitan level• Risks of becoming ‘too big’ and losing
direct contact with citizens• Networks of cities and direct learning
Thank You