Leadership Metropolitaine: Londres/London

1. Leadership Metropolitaine:Londres/London Mark Kleinman Director, Economic and Business Policy Greater London Authority

2. 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

3. London is a sought-after business location

4. Firms can access a large volume of people who themselves are attracted to live and work in London. Number of residents accessible by public transport in 45 minutes Source: TfL

5. So there is a concentration of employment in London, particularly central London. Number of people in employment per sq km, all sectors Source: ONS (BRES) 2011

6. London’s labour productivity GVA per hour worked index, London, 1996 – 2009, UK = 100 (Source: ONS/BIS 2010)

7. Looking ahead London’s population is projected to grow significantly … Source: GLA Intelligence Unit

8. … as is London’s employment … Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations

9. … particularly in the professional business services sector. Source: GLA Economics Working Paper 52, Workforce Jobs series (ONS), GLA Economics calculations

11. 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.”

13. 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

14. London Enterprise Panel

17. Crossrail

20. 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.

22. 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

23. Thank You