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TRANSIT CEASED PUBLICATION IN JUNE 2010

Business leaders issue threat over cut-price Crossrail

11 June 2010
Valentine: business support conditional
Valentine: business support conditional

 

London's business leaders have warned that they may withdraw support for Crossrail if the Government de-scopes the project.

The funding package for the £16bn project envisages the  capital’s business community paying £3.5bn through a supplementary business rate. But Baroness Jo Valentine, chief executive of business lobby group London First, said last week: “The deal with the Government for the business community to contribute a large part of the costs was always...

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