In response to Chancellor Rachel Reeves’ 2025 Spending Review, London Property Alliance Chief Executive Charles Begley said:
“The London Property Alliance has long championed the benefits of investment in transport infrastructure to support London and UK-wide growth. We welcome the four-year funding settlement to help provide certainty to TfL, as London’s transport network is the lifeblood of the capital and requires investment to support our global city.
However, it is disappointing that no clear timetable has been provided for vital projects such as the Bakerloo line extension, Euston and Crossrail 2. The funding settlement provides much-needed certainty for London’s transport network but without capital investment that can boost capacity, improve efficiency and increase accessibility, the capital’s full growth potential cannot be realised.
With London’s population approaching 10 million and amid fierce competition for investors, businesses and talent from cities like Paris and New York, continued investment in the capital is essential. As the UK’s economic engine, a thriving London supports growth across the country and is vital to the Chancellor’s growth mission.”
