Businesses in London are calling for a solution to the housing shortage, investment in transport and more money for skills in their demands to ministers ahead of May’s general election.

The pre-election priorities were published today by the London Chambers of Commerce and Industry (LCCI).

They highlight the increasing strain on the UK capital with population outstripping the capabilities of basic services including transport and education.

It also called for more powers for City Hall and the mayor, while demanded that more of the tax generated by London firms is spent within the city.

According to the economics think tank CEBR, London contributed £34 billion to public coffers last year, yet only 7% was retained.

That figure compares with 50% in New York and 70% in Tokyo.

Colin Stanbridge, chief executive of the LCCI, said: "Although London's business leaders are confident about the capital's improving prospects, the next government must not overlook the importance of London as a key contributor to the success of UK PLC and act to address the issues faced by the capital's businesses.

“To maintain and build on the economic prosperity of the capital, we call on the next government to listen to the intelligence contained in this manifesto and act on the recommendations set out."

The LCCI also called for improvements to Cyber resilience in London. Research of 500 businesses shows that the high cost of protections was a major barrier against stronger security measures.