Ahead of today’s pre-budget report announcement, Darren Johnson commented:
"Cutting taxes to spark a consumer spending boom is short term thinking in the extreme. It will simply ship money abroad, as most consumer goods are imported, rather than supporting jobs in London and the UK. It also represents a return to the vicious cycles of debt and overconsumption that caused the crisis in the first place."
"Instead, I’m calling on the Chancellor and the Mayor to work together to deliver a ‘Green New Deal’ for London, which would create thousands of new jobs in clean energy and home refurbishment, cut energy bills and deliver long-overdue improvements to London’s infrastructure."