Skip to content
Tuesday 18 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,720.30
-0.28%
DAX
26,338.61
0.00%
CAC 40
8,579.60
0.00%
STOXX 50
6,530.45
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Wednesday 05 June 2024 5:00 am  |  Updated:  Tuesday 04 June 2024 9:48 pm

Greater Mayoral power would put London in line with the rest of the country

By: Andy Silvester

Add as a preferred source on Google
More than 2,000 companies filed for insolvency in February.
More than 2,000 companies filed for insolvency in February.

A June event to which one of our reporters was scheduled to speak – a private dinner of London’s great and good – has been pushed back until September. The election has been given as the reason, but even the organisers acknowledged London is largely absent from the debate apparently gripping the country. The capital is out of step on everything from immigration to taxation to public services. It is certainly, thanks to a generation of 20- and 30-somethings who view the housing ladder as a now almost ethereal concept, in a very different place when it comes to planning. 

Keir Starmer, should he take office, is at least a London MP, and speaks passionately about the capital. He bristles at the “north London lawyer” stereotype that Rishi Sunak so enjoys painting him with not because he’s ashamed of it but because he knows that Archway and Kentish Town – his adopted manor straight out of university – are as much a community as any other found up and down the rest of the UK, with its own heart and soul, its own character, its own successes and local pride. Speaking privately, Starmer is as far removed from Theresa May’s “citizens of nowhere” as one could imagine. He, it is fair to imagine, has more of an idea of the day to day lives of average Londoners than many of those who have indulged their inner Michael Caines just for a year or two (hi, Boris!)

Whether that translates into more support for the capital is an open question. There remains deep envy across the rest of the country at the capital’s perceived iron grip on everything from infrastructure spending to power, despite having a knackered transport system in a financial permacrisis and a Mayoralty which lacks the muscle of some Metro mayors up north. Devolving more tax, spending and decision making power to London would actually bring us more in line with the rest of the country, rather than away from it. 

To not do so would be a missed opportunity, and hurt the rest of the UK. The capital remains the country’s biggest engine of growth. Putting some more fuel – electric charge or diesel, we’re agnostic – in the motor can only be a good thing.

Read more

Top investors managing $3tn to gain access to UK infrastructure projects via AI platform

INPP have invested in four new infrastructure firms in the first half of this year

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

People & Organisations

  • Keir Starmer
  • London
  • Mayor

Trending Articles

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Aldi boss wades into supermarket ‘price-gouging’ row

  • Monzo chair makes early exit after boardroom rift

  • New Premier League rules could see £11bn invested into new stadiums

More from Morning Wire

  • Top investors managing $3tn to gain access to UK infrastructure projects via AI platform

    Investing
    INPP have invested in four new infrastructure firms in the first half of this year
  • Give London power to level up the rest of the country

    Opinion
    Business professionals in formal attire engaged in a lively discussion at a corporate meeting in a modern office setting.
  • The City doesn’t compete with Britain’s regions – it competes for them

    Opinion
    Canada boundary dragon statue symbolizing economic uncertainty amidst political instability
  • The water industry needs investment, not confiscation

    Opinion
    Thames Water infrastructure with pipes and maintenance workers, highlighting water management efforts in London
  • Burnham’s devolution drive could ‘push 90,000 jobs out of London’

    Economics
    In 2022, rolling Tube strikes led to massive queues for crowded buses. (Photo by Chris J Ratcliffe/Getty Images)
  • State-backed pension scheme plans to pump £1bn into start-ups

    Investing
    City economists have warned that the triple lock pension is unsustainable and unaffordable given the state of the UK's public finances.
  • Dimon threatens to ditch JP Morgan tower in tax warning to Burnham

    Banking
    Jamie Dimon speaking at a JP Morgan event, wearing a suit and tie, addressing financial trends and market strategies.
  • Gary Stevenson is right, rich people want to help Britain – here’s how to let them do it

    Opinion
    Gary Stevenson debates economist Dr Kristian Niemietz on wealth tax issues during a live event.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook