Skip to content
Thursday 23 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,639.17
-0.73%
DAX
24,763.12
-1.56%
CAC 40
8,299.09
-1.64%
STOXX 50
6,210.17
-1.69%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 05 May 2021 3:07 pm  |  Updated:  Wednesday 05 May 2021 5:43 pm

Mayor of London election: Where do the major candidates stand on the Covid recovery?

By: Stefan Boscia

Add as a preferred source on Google
London's Mayor Says Moving City Hall From Central London Would Save £55 Million
Londoners will go to the polls on 6 May to elect their next mayor

With the 6 May mayor of London election just one day away, City PM is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at Covid recovery policies from the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats.

Sadiq Khan

Sadiq Khan Visits A Westminster Children's Nursery On The Campaign Trail
Sadiq Khan has pledged to create a £32m “Good Work Fund” if re-elected

The incumbent mayor launched his campaign promising to focus on “jobs, jobs, jobs” post-Covid if re-elected, with a new a £32m “Good Work Fund” one of his key pledges.

The fund will be used to create new jobs and skills centres for young Londoners, which Khan says will focus on “futureproof sectors including low carbon, health and social care, creative and digital”.

The fund is a part of a £544m package to help the capital bounce back from the economic effects of Covid-19.

He has also pledged to create a “recovery plan” for London post-Covid to help bolster a £6m campaign that will aim to get people back into central London as Covid-19 restrictions are eased further.

Khan’s manifesto also said he would create more business support for London business owners, which will include “a range of programmes helping start-ups and scale-ups across the key sectors of our economy”.

Shaun Bailey

Conservative Mayoral Candidate Announces Second Chances Fund
If elected, Bailey will create a £9m High Streets fund to help the capital’s struggling bricks and mortar retail sector

Bailey has promised to help kickstart London’s economy over the next five years by creating 924,000 jobs through investment in housing, transport infrastructure and “new training opportunities”.

The Tory candidate if elected will create a £9m High Streets fund to help the capital’s struggling bricks and mortar retail sector, along with a £37.2m pledge for free 30-minute parking for his whole term.

Bailey also pledged to create a new City Hall “hospitality czar” to “champion” the sector’s workforce, appoint a deputy mayor for international trade and start a yearly London festival based on the Edinburgh Fringe.

If elected, he will also seek to make use of the changes in working patterns and “prioritise” the building of flexible workspaces across London.

Read more

Exclusive: Government to reject Reform’s offer to cover Farage by-election cost

Nigel Farage speaking at a podium, dressed in a suit, addressing an audience at a business conference event

Bailey has also encouraged people to get back into central London in big numbers later this year “when it’s safe to do so” to increase footfall and consumption.

Sian Berry

On The Campaign Trail With Green Party's London Mayor Candidate
Sian Berry has pledged to create a City Hall community bank that would be tasked with providing lending services to small businesses

The Green candidate’s economic and Covid recovery policies are underpinned by a pledge to launch a Universal Basic Income (UBI) trial.

The pilot, which would aim to provide evidence around the effects of the policy to push for it nationally, would see “1,000 Londoners who would be guaranteed a basic income without conditions, along with support and careers advice”.

Berry’s manifesto includes a pledge to create a new City Hall community bank that would be tasked with providing lending services to small businesses along with “individuals and families in crisis”

Berry would adjust the London Living Wage to £14 an hour by 2022 and make a 8:1 maximum pay ratio at City Hall that she would support becoming commonplace in the private sector.

She would also create a “Creative Autonomy Allowance” for people starting new businesses in the creative and arts sectors and launch “Careers for London” – a service to help long-term unemployed people, those that have lost their jobs in the pandemic and older unemployed people.

Luisa Porritt

Luisa Porritt has vowed to create a City Hall “London Apprenticeships Hub” if elected

Porritt has pledged to create a “Reinvent The High Street Taskforce” if elected, which would provide technical support to councils, gather data about commercial property occupancy levels and help “leverage private investment”.

The Liberal Democrat candidate would also launch a City Hall “London Apprenticeships Hub” to offer support to businesses in a bid to “unlock more apprenticeships and create a platform for young Londoners” to find skills training and work.

She has pledged to create a rent relief fund to help small businesses clear debts accrued during the pandemic and to seed fund the creation of more outdoor performing spaces in the capital.

Porritt’s manifesto also has a pledge to lobby for a London-based UBI trial and to accelerate London’s rollout of full fibre broadband.

Read more

In praise of Count Binface

Count Binface wearing a silver mask and cape, standing in front of a podium during a press conference.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • London business

Trending Articles

  • Romesh Ranganathan makes it hard to defend the BBC

  • Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row 

  • Tax rises ‘guaranteed’ as Healey faces £22bn black hole from Burnham spending plans

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • ‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

More from City PM

  • Exclusive: Government to reject Reform’s offer to cover Farage by-election cost

    Politics
    Nigel Farage speaking at a podium, dressed in a suit, addressing an audience at a business conference event
  • In praise of Count Binface

    Opinion
    Count Binface wearing a silver mask and cape, standing in front of a podium during a press conference.
  • Nigel Farage asks the crudest question: are you with me or against me?

    Opinion
    Nigel Farage speaking at a podium during a press conference, addressing current political issues and public concerns
  • Farage quits to stand in ‘people versus establishment’ by-election

    Politics
    George Cottrell and Nigel Farage engaging in a conversation at a political event, both dressed in formal attire.
  • Burnham: I’ll be a pro-business Prime Minister

    Politics
    Andy Burnham speaking at Labour leadership event, addressing the audience with confidence and engaging in political discou...
  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
  • Mayor gives green light for 4am Joshua vs Fury fight at Wembley

    Sport Business
    Business professionals in a meeting analyzing financial data on laptops, highlighting corporate strategy and decision-making.
  • ‘That’s reality’: Burnham will have to focus on international affairs, Starmer warns

    Politics
    Business conference attendees networking at a corporate event with banners and presentation screens in the background
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook