London’s economic crisis revealed: Coronavirus causes worst outlook since WW2

Central London is facing the biggest economic crisis in generations with tens of thousands of jobs and hundreds of businesses at risk of being wiped out in Britain’s most vibrant economic powerhouse. An Evening Standard investigation has unearthed the true scale of the problem, revealing predictions that 50,000 jobs in the vulnerable retail, tourism and hospitality sectors could disappear in the West End alone this year with total spending down by half — a loss of revenue of about £5 billion — as a direct result of the coronavirus lockdown. Our consumer business editor Jonathan Prynn tells the podcast why it's the worst outlook since the Second World War.


Also, Andy Byford earned the nickname "Train Daddy" when he turned around New York's failing transit system. Now he's back in London, where he started as a trainee on the underground, having been picked as TfL's commissioner by Sadiq Khan. The Evening Standard's City Hall editor Ross Lydall takes him for a walk around the city to find out what the new boss's plans for the future are. Is Crossrail among them? And how will he get reluctant commuters back on the tube?


 

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