Taken from the Evening Standard 5 August 2014, Gerald Lyons, Mayor’s Office advisor and economist, stated that’ the time frame over which business looks ahead can only be a few years… in that business model, there is bias towards the status quo, or avoiding unnecessary uncertainty.’ Mr Lyons also quoted from the new ‘Europe Report’, published in Aug 2014 with an analysis looking 20 years ahead and prepared with the help of Volterra economic consultancy. The report stated:
The current size of the London economy is £350B per yr, about a quarter of that in the UK.
1 The Report concludes that the best outlook for the UK and London over the next 20 years would be in a reformed EU. In that scenario, London’s economy could grow to £640B per yr, omitting inflation, so is real growth. This could generate 1M extra jobs in London to 2034. …
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