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Sadiq Khan has pledged to create more than 150,000 high-quality jobs by 2028 if he is re-elected as London mayor.
The Labour mayor will set out a path to a ‘new era of prosperity’ during a visit to King’s Cross on Wednesday.
Khan’s London growth plan will focus on growing sectors such as artificial intelligence, financial tech, climate tech and life sciences.
Labour said it aims to offer opportunities to young Londoners, particularly those from lower income households, and will be developed in collaboration with councils, businesses and trade unions.
With next month’s election approaching, Shadow Chancellor Rachel Reeves said a Labour government and Labour London mayor would reset the relationship between national government and the capital city.
She said this would put an end to the Tory Government’s ‘damaging and counterproductive approach of talking London down’.
Khan said: ‘London’s economy is now growing faster than any other region of the country, but we’ve been held back by years of economic failure, incompetence and uncertainty by successive Tory governments.
‘London has so much more potential that can be untapped, not only for the benefit of our capital city, but the whole country.
‘We have a huge opportunity ahead, with the possibility this year of a pro-growth, pro-business Labour mayor and Labour government working hand in hand for the first time in a generation.
‘My priority in this London growth plan will be to create over 150,000 high-quality, well-paid jobs for the young Londoners who need them most, helping to build a fairer London for everyone.’
Reeves said: ‘The Tories’ woeful record on the economy is low growth, tax rises and stagnant wages.
‘Labour will support London and cities across the country in implementing plans that will help to create more well-paid jobs, unlock business investment and lead to long-term economic growth.
‘A Labour government will kick-start Britain’s engines of growth.
‘We will put an end to the Tory government’s damaging and counterproductive approach of talking London down and not valuing the vital contribution it makes to our national economy.
‘The mayoral election on May 2 is going to be a close two-horse between a Labour mayor who will work with a Labour government to create economic growth, jobs and opportunities for young Londoners, and the Conservative candidate for mayor who cheered Liz Truss’s mini-budget which sent mortgages and rents soaring and who clearly can’t be trusted to help deliver the long-term economic growth we need.’
source: PA
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