Media Contacts
Henry Tanner
Financial & Professional Services
020 7332 1835
07717 797821
Ian Schofield
International Financial & Professional Services
0207 332 1906
07725 634564
Millie Allen
Domestic Financial & Professional Services
020 7332 1388
07710 860 886
Jennifer Ogunleye
Planning and Transportation
020 7332 3946
07710 860885
Julie Zhu
China & Wholesale Markets
020 7332 3451
07912 041124
John Park
Public Services
020 7332 3639
07824 343456
Susanna Lascelles
Green Spaces, (works Monday & Tuesday only)
020 7332 1754
07990 740 045
Andrew Buckingham
Arts and Culture, Freedom of the City of London
020 7332 1452
07795 333060
Carl Locsin
Green Spaces, Environment, Council Services
020 7332 3654
07738 862229
Stephanie Basten
Education and Skills, Employability, Housing
020 7332 1528
077 2563 6917
Kristina Drake
City Bridge Trust, Responsible Business
020 7332 1125
020 7796 4240
Share this release
Share on: Twitter
Share on: Facebook
Share on: LinkedIn
Latest news

Comments on the Spring Budget statement

Commenting on the Spring Budget statement, a City of London Corporation spokesperson said:

On business Rates

“City firms are being hit particularly hard in the recent revaluation on business rates, with the Square Mile on the receiving end of a total tax increase of more than £100m a year, and rateable values rising on average by 30 per cent.

“Many of the City’s small and medium enterprises (SMEs) – which make up more than 98% of the entire City's businesses - could be hit even harder than this.

“We therefore welcome the Chancellor’s £300m fund to provide greater business rate relief, and we look forward to seeing greater clarity on how these plans will be rolled out.”

On skills

“The Chancellor’s recognition that developing skills in youngsters – partly to bridge the growing skills gap – is a positive step. We urgently need to provide young people with the skills that employers are looking for if we are to address the current disconnect between skills and business needs in the UK.

“Apprenticeships are a key way of upskilling our young people. Apprenticeships need to attract bright young people and become an essential part of employers’ recruitment mix.

“Raising the skills of youngsters through apprenticeships is a key aim of the City of London Corporation and we have committed to employing 100 apprentices by the end of 2017/18.”

On the economy and Brexit

“The UK economy has remained more resilient than predicted following Brexit.

“The UK financial services sector is an integral piece of the jigsaw when it comes to supporting the wider economy. In 2015, financial services firms contributed over £120bn in Gross Value Added (GVA) to the UK economy – 7.2% of the total.

“In order for the economy to remain as resilient as it stands today, it’s important that government secures a positive and mutually beneficial arrangement for both the UK and EU 27 as part of Brexit negotiations.

“As a voice for financial and professional services firms both in the City and the rest of the UK, we look forward to working with government as they work to enact their vision of making the UK the best place to start and grow a business.”