One in five London street markets to go bust due to poor management

· Council market closures could threaten an estimated 1.3k trader jobs by 2032 · Calls for failing markets to be privatised as decline would harm the Capital’s economy by £1.4bn Londoners could lose 1 in 5 council run street markets by 2032 due to pressures from online retail sales, damaging planning decisions and a lack of investment.¹ There are currently 90 markets in inner London…

Compulsory Living Wage would cost London businesses £612m

– This yearly wage bill is equivalent to 32k hospitality jobs in the Capital – Use small business tax cuts to boost wages without the need for sackings Making the London Living Wage compulsory would cost London’s businesses £611.8m every year, the equivalent of 32,287 jobs in the hospitality sector.¹ GLA Conservative Tony Arbour, who calculated the figures, is calling for wages to be raised…