Failing to back London in the spending review could cost the UK’s growth mission for years to come, writes Chris Hayward

Around the world, cities face a defining challenge: how to remain relevant in a world transformed by hybrid work, rising costs and shifting investor expectations. The City of London is rising to this challenge and reshaping itself to meet the needs of tomorrow’s businesses – guided by our ambitious Destination City programme.

And it’s working. Jobs in the City are up 25 per cent since the pandemic, our annual economic output exceeds £100bn, and weekday footfall and cycling are both on the rise. Major firms like HSBC, Clifford Chance and CUBE have already seen this opportunity and are reaffirming their commitment to the Square Mile by setting up shop here. They see what we see, a place of promise.

As we approach this week’s spending review, it’s more important than ever to reaffirm why London matters to the........

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