Historically, London's economy has had higher economic growth
rates than the rest of the country. However, London's growth rate
[1] has slowed following the financial crisis of
2007/2008.
Since the pandemic, growth in London has more closely tracked
growth in the rest of the country. [2] Recent analysis
suggests that productivity in London has been lagging behind
other large UK cities, which have seen larger increases in
productivity in recent years. [3]
The Mayor and London Councils jointly published the London Growth
Plan in 2025. [4]
The plan intends to address a set of challenges, summarised as
“weak productivity growth, a housing crisis, high poverty rates
despite a dynamic jobs market and public services suffering from
underinvestment.” [5] It is intended to build on the
central government's five missions: growth, reducing crime, clean
energy, giving children the best opportunities and improving the
NHS. [6]
At an All-Assembly meeting tomorrow,
Members will ask questions about London's
Economy, Jobs and Growth and the Mayor's Growth Plan. The guests
are:
Panel 1:
-
OBE, Deputy Mayor
for Business and Growth and Chair of London & Partners
-
Alex Conway, Assistant Director of Economic
Development and Programmes, GLA
Panel 2:
-
, CEO,
UKHospitality
-
Muniya Barua, Deputy Chief Executive,
BusinessLDN
Following the Q&A, Assembly Members will debate these
motions.
The meeting will take place on Thursday 5 March
2026 from 10am in the Chamber at City
Hall, Kamal Chunchie Way, E16 1ZE.
Notes for Editors:
- Measured in terms of gross value added (GVA); for more
information, see Office for National Statistics, A guide to interpreting
monthly gross domestic product, 10 July 2018
- City Intelligence, The State of London,
June 2025
- Centre for Cities, Are Britain's big cities
catching up with London?, 15 October 2025
- London Councils, London leaders unveil
Growth Plan to turbocharge productivity and add more than
£100bn to London's economy, 27 February 2025
- Mayor of London and London Councils, London Growth Plan,
27 February 2025 (p.6)
- Mayor of London and London Councils, London Growth Plan,
27 February 2025
- Full agenda papers.
- As well as investigating issues that matter to Londoners, the
London Assembly acts as a check and a balance on the Mayor.
