Joe Powell

Joe Powell

Labour — Kensington and Bayswater

Speaking in the House of Commons on 10 July 2025

Debate

London’s National Economic Contribution

Contribution

I thank you, Mr Western, for chairing this debate, and all the non-London Members for sitting through a discussion about London’s economic growth potential. I will not go over all the great contributions from hon. Members from across the House, but I will summarise a few areas in which there has been quite a high degree of consensus. I thank the Minister for his reassurance that this debate will, in itself, contribute to the fair funding consultation, and in particular, that there will be an emphasis on accurate and reliable data that fairly captures the diversity of London’s challenges and opportunities. Whatever decision is made, London councils would appreciate an appropriate transition period to ensure that that can be worked in. Whether it is a combination of reserves and whatever else that will be needed to make it work, the transition period will be key in that fair funding review. On transport, similarly, there have been lots of suggestions for great projects to build the pipeline. I would emphasise the analogy my hon. Friend the Member for Uxbridge and South Ruislip (Danny Beales) gave with Crossrails 1, 2 and 3. It takes time to get these projects up and running, even beyond the spending review that has just been agreed. Even projects that were not in the spending review will need a bit of pump-priming to get started, because planning permission and raising private finance alongside public money takes time. We need to build that pipeline for those projects of the future; they will not come overnight. A number of hon. Members talked about policing and the need for both reform and investment. I think the Met have indicated their openness to future reform. In fact, the Met commissioner published an opinion article just a few days ago about what some of those reforms might be. In real terms, funding for the Met is going up by 2.3% over this spending review, but—I hate to say it—they had £1 billion taken out of their budget over the last 14 years. It will take time to catch up, but reform alongside investment is crucial for the Met. On housing, we look forward to the Government’s long-term housing strategy and the temporary accommodation plan. That is an issue clearly hitting both inner and outer London. Temporary accommodation may once have been more of an inner London problem, but it is now spreading across the country, as boroughs increasingly compete against one another. There are other pressures on that type of housing as well, which I will not go into. I will end where the Minister arrived, with his Department’s big new Bill. I agree with the Minister that it provides an opportunity to cover some of the points hon. Members have made about governance. We have talked about whether to have Ministers for London or not, and powers or not. Given that London had the first devolution deal with the Greater London Authority Act 1999, many other parts of the country have now overtaken London in terms of the sophistication of the governance arrangements and what powers are devolved. My hon. Friend the Member for Brent East (Dawn Butler) made great points about whether there should be an overnight visitor levy. It is great that we will have devolved powers to tackle dockless e-bikes in that Bill. That is a big win for many of our constituents, who write regularly about that issue, but it should not just be about dockless e-bikes. Our ambition can be greater than that. I hope that in the course of the Bill, we can have an ambitious London section that addresses some of the governance questions that could help unlock growth. Question put and agreed to. Resolved, That this House has considered London’s contribution to the national economy.

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