By Peter JonesThe city of London has had to reinvent itself after the UK’s most powerful newspaper went bankrupt, with its owner and former publisher, the Daily Mail, now bankrupt and facing bankruptcy proceedings.
The former newspaper’s demise has had an enormous impact on the city’s fortunes, with it having lost more than half of its population and having its economic fortunes and its social cohesion damaged by the loss of its owner.
Now, London’s mayor, Sadiq Khan, has announced a plan to make the city stronger with a £100 million investment to revitalise and develop the city and its environs.
The money will go towards new housing and public transport, new businesses, and an upgrade of public spaces such as parks and libraries.
This is in addition to £100m in public investment for social cohesion, the mayor’s office said in a statement.
The mayor said that the money will also be spent on improving the environment and improving the cityscape, as well as to tackle the challenges of “a rapidly changing economy”.
London’s new mayor, who will be the first Muslim to hold the post, said that “the environment is key to the future success of our city”.
The city’s environment is crucial, he said, because “our capital is the greenest city in Europe”.
The mayor has also said that London’s population is at its highest level in more than 60 years, which will “provide a great opportunity for future generations to live and work in a more sustainable way”.