Along with many areas across the country, we have been working closely with the Government to take on more devolution powers. In light of the referendum result and the uncertainties that lie ahead, devolution provides us with a real opportunity to maintain the future success of regions which, in turn, underpins the prosperity of the United Kingdom.

Westminster City Council fully supports the Government's ambition to deliver fiscal devolution, but we need to think radically about how devolved powers in London and elsewhere can be enhanced in order to provide effective investment in infrastructure and jobs if we are to remain ahead of our global competitors.