London firms call on new Mayor to invest in the city

LONDON First, a business group whose members represent over a quarter of the capital’s GDP, have set out their demands for the mayoral election.

The organisation, which includes such firms as KPMG, HSBC and Deloitte, have told the mayoral candidates of their “common sense” demands to improve infrastructure and keep the city open for business.

London First’s demands include increasing airport capacity, flexible immigration controls that are not based on fixed numbers, ending the 50 per cent tax rate, ensuring that major rail projects arrive on time and exploiting the international appeal of the Olympics to boost London’s economy.

London First’s chief executive, Baroness Jo Valentine, said: “We expect the incoming Mayor to support measures that not only bring jobs and prosperity, but ensure that London is truly open for business.”