The Spending Review saw investment in Scotland, the Midlands and the North but this not come at the expense of London, which is essential to the growth of the entire nation. The infrastructure strategy is a chance to correct the course, says Peter Hogg

As the economic heart of the United Kingdom, London plays an indispensable role in driving national prosperity. Yet, the Comprehensive Spending Review announced last week included implicit cuts and little allocated funding for the city that drives the UK economy, complicating efforts to attract the investment needed to fulfil the government’s growth priorities.

Business leaders across the UK, myself included, are staunch advocates for investment that spans the entire nation. There is a unanimous recognition that Scotland, the Midlands and the North of England urgently require funding to spur economic growth and right the historic wrongs of underinvestment. However, this support must not come at the expense of London, which contributes £43bn in fiscal transfers to the rest of the UK every year.

The government has made its defining objective rapid economic growth, and as the Chancellor rightly noted they have made progress;........

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