City of London Corporation responds to Labour Leadership contender Andy Burnham’s economic policy speech

Chris Hayward, Policy Chairman at the City of London Corporation, said:

"Andy Burnham is right to recognise London as the world’s greatest city and a vital driver of national prosperity. The capital’s success underpins growth, investment and opportunity across the whole UK, driven by our thriving financial and professional services sector. This sector supports two-thirds of financial and professional services jobs outside London and around 12% of UK tax receipts which pay for vital public services.

“We support giving local leaders the tools to drive growth, improve productivity, and deliver better outcomes for their businesses and communities across the country. We look forward to seeing the details in due course."