Mayor reveals economic recovery plan
Mayor of London Boris Johnson has announced a series of measures aimed at boosting the economic recovery of the capital.
Businesses are to be helped by more than £23 million of funding, while a service is to be established to help those facing redundancy get back into work.
Transport infrastructure is also set to be improved, as the mayor intends to lobby the government to bring funding forward so projects can begin early.
Mr Johnson explained that the measures would ensure that resources are used to effectively help the city through the economic downturn.
"I am confident that once this economic storm has blown away, London will emerge an even stronger, more competitive world-beating capital," he said.
This month it emerged that £350 million of funding could be made available for the Crossrail project, following an agreement between the City of London Corporation, Transport for London, the Department for Transport and the Greater London Authority.
Published 19th December, 2008
© 2008 Estates IT Limited
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Mayor of London Boris Johnson has announced a series of measures aimed at boosting the economic recovery of the capital.