Andy Burnham: My 'London Deal' with Sadiq Khan to fire up the city

Writing in The Standard, the Prime Minister vowed to unleash the capital’s “untapped potential” with better transport links, more homes and investment.

“This is the first step towards developing a London Deal with Sadiq and the Greater London Authority that gives the capital more of the powers and tools it needs to unlock growth,” he said.

Chancellor John Healey and Prime Minister Andy Burnham met local residents in the cafe of the Abbey community centre in Westminster, central London, after the Budget

PA

“There’s a misconception that giving more power to the rest of country somehow means London getting less.

He emphasied tht he wanted London to be “pushing even further” as it drives Britain’s economy.

“Because for all London’s success, there’s still so much untapped potential,” he explained.

Platforms at Stratford International Station which will be used for cross-Channel services

LS

“The transformation since the Olympics has been extraordinary,” he said.

“But alongside that success are communities facing some of the deepest deprivation - not just in London, but nationally.

“There’s so much more we could be doing to bring in opportunities and investment to that area, especially through Stratford International, which - despite its name - has never had an international train stop there.”

* The City hit with an extra 3% on the Bank Surcharge to fund help on energy bills for less well off households.

* 20 million households, including two million in London, in council tax bands A-D will get a £100 ‘Household Energy Payment’ paid directly into their bank accounts to help deal with rising energy bills. The scheme wil cost £2.6bn scheme.

Banks in the City were hit with higher tax in the Budget

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* The threshold for Small Business Rate Relief for retail hospitality and leisure businesses was increased from £12,000 to £18,000.

* Renters left facing higher bills as tax on landlords was increased.

* Standing charges on gas bills will be scrapped from next year.

In a series of interviews on Thursday, Mr Healey denied postponing difficult decisions on the welfare system, insisting the Government is making changes “now”.

But Tory leader Kemi Badenoch said the country is “drowning in an out-of-control welfare system”.

The proposed Bakerloo line extension

TfL

In the capital, Lord Khan’s new tax powers is set to allow City Hall to borrow an estimated £10 billion to press ahead with scheme such as the Bakerloo line extension and the West London Orbital.

“This is just the starting point for developing a growth deal for London,” said the Prime Minister, outlining support for struggling households and plans to boost the capital’s productivity.

“Whether it’s housing, skills, supporting businesses, or attracting new investment, I’m absolutely determined to work Sadiq to unlock the potential of every part of this great city.