Crossrail will sustain the growth of London as the world's financial centre, which is vital to the UK economy. The transport improvements that Crossrail will bring will be felt across the country, making the scheme a catalyst for safeguarding a national economy linked to that of the capital.
London's economic strength is of benefit to the entire country, whether it is through its tax revenues, which greatly exceed its share of public expenditure, or by providing a place where people enhance their skills while working with the best from around the globe. London is also the gateway to UK for international firms.
Without modernising or expanding London's public transport system, which was the first to develop in the modern world, growth in the capital would stall. This is a view voiced by businesses and the workforce alike. Crossrail solves how to transport large numbers of people into the centre where a significant proportion of the capital's jobs are located.
Crossrail facilitates the creation of an estimated 30,000 high-value jobs in London, which could not happen without the scheme. In addition, over the next two decades, London is set to grow by a predicted 800,000 people and by 900,000 new jobs.
Research shows that the productivity of an urban cluster - such as London's financial centre - is determined not only by the types of businesses located there and the skills of employees and labour market conditions, but also the size, connectivity, and density of a city.
