COVID-19: London macroeconomic scenarios (December update) December 16th, 2021 by James Watson GLA Economics has recently published its latest macroeconomic scenarios-based forecast for London in the 39th edition of London’s Economic Outlook. We have also updated our macroeconomic scenarios publication with more information on the scenarios and their drivers. These scenarios are part of wider work on the impact of the COVID-19 pandemic on London’s economy, and…
London’s Economy Today – December 2021 editorial December 16th, 2021 by Daryl Rozario, Gordon Douglass, Mike Hope, and Jasmine Farquharson Omicron variant leads to the introduction of targeted measures In the run up to the Christmas holidays the new Omicron variant of COVID-19 was discovered in Southern Africa. Cases have quickly been reported in Europe, including the UK, and around the world, with examples of community transmission being reported. At the time of writing preliminary…
The furlough scheme in London November 25th, 2021 by Daryl Rozario, Ammar Ljubijankić, and Christopher Rocks Introduction The government’s Coronavirus Job Retention Scheme (CJRS) – or furlough scheme – closed at the end of September 2021, having run in some form since March 2020. This note reviews the latest official statistics and third-party analyses to consider how the scheme has affected Londoners. Use of furlough was relatively high in London, particularly…
London’s Economy Today – November 2021 editorial November 25th, 2021 by Daryl Rozario, Mike Hope, James Watson, and Jasmine Farquharson Inflation picks up sharply in October, with higher rates still to come October saw annual CPI inflation accelerate sharply to 4.2% from 3.1% in September. This annual reading is a ten-year high, while the monthly price increase of 1.1 percentage points is perhaps even more striking as the fastest in nearly 30 years. While inflation…
A new city data sharing platform for London November 16th, 2021 by Paul Hodgson The GLA released a new blog today, to provide an update following the detailed discovery exercise during the summer. The blog includes link to previous work setting out our approach link to the earlier high-level discovery execise high-level findings our next steps Read more here
GLA 2020-based population and household projections October 28th, 2021 by Wil Tonkiss On 30th September the GLA Demography Team published the 2020-based population and household projections[1]. Most of our projections are updated annually, incorporating the latest data as it becomes available. This round of projections comprises both variant trend projections, based on the continuation of past trends in population change, and housing-led scenario projections which incorporate considerations…
London’s Economy Today – October 2021 editorial October 28th, 2021 by Daryl Rozario, Mike Hope, James Watson, and Jasmine Farquharson Budget and Spending Review Yesterday, the Chancellor presented the October 2021 Budget and Spending Review, with both taxes and public spending set to rise firmly in the coming three years. While some of the most eye-catching policies had been previously announced (rising National Insurance Contributions) or revealed in the days before the speech (ending the…
COVID-19: London macroeconomic scenarios (August update) September 30th, 2021 by Mike Hope GLA Economics published its latest macroeconomic scenarios based forecast for London at the end of August[1]. This is the seventh update to be published externally, after the first set was completed for internal use in May 2020. This supplement focuses on the latest update, and the evolution of the scenarios over the pandemic. The scenarios…
London’s Economy Today – September 2021 editorial September 30th, 2021 by Gordon Douglass, Supervisory Economist, James Watson, Economist, and Jasmine Farquharson, Higher Apprentice UK furlough scheme ends today After gradually reducing the amount of government support under the scheme since July, the Coronavirus Job Retention Scheme or furlough comes to an end on 30 September. At the end of July there remained 297,400 London employments on furlough despite the introduction of employer contributions to cover part of the…
London’s Economy Today – August 2021 editorial August 26th, 2021 by Mike Hope and Jasmine Farquharson London’s economy recovers strongly although weaknesses remain This month the Office for National Statistics (ONS) released its first estimate of London GDP growth for Q4 2020 and GLA Economics published its latest scenarios for the London economy. The ONS data show that the drop in London’s economic output in 2020 was less deep than for…
The GLA’s Adult Education Budget data publication August 26th, 2021 by Hector Espinoza The Adult Education Budget (AEB), devolved in August 2019 to the GLA, funds education and training for adults aged 19 and above. In this article, we present key aspects and findings of the latest AEB data release, covering the first two quarters of the academic year 2020/21. It should be noted that the Covid-19 pandemic…
London’s Economy Today – July 2021 editorial July 30th, 2021 by Mike Hope, Economist and Jasmine Farquharson, Higher Apprentice The economy continues to pick up gradually although difficulties are becoming apparent Despite increasing COVID-19 infection rates the government lifted most of the remaining social and business restrictions on 19 July. The economy continues to grow following the series of easings of the January lockdown restrictions. According to the latest data from the Office for…
London’s economic activity 1998-2019 July 30th, 2021 by Mike Hope In May 2021, the Office for National Statistics (ONS) published[1] estimates of output to local authority level by sector and updated the historic time series from 1998. It updates previous summaries of ONS output releases[2]. This month, the ONS also published[3] an updated time series of estimates of sub-regional productivity to local authority level. The…
Macroeconomic scenarios for London’s recovery May 25th, 2021 by Gordon Douglass We have published our latest macroeconomic scenarios based forecast for London in London’s Economic Outlook. We’ve also updated our macroeconomic scenarios for London’s economy, on which they are based. The scenarios are part of work on the impact of the pandemic on London’s economy that we started after the beginning of the pandemic last year.…
Understanding recent population trends in London May 24th, 2021 by Ben Corr Today we have published a new report that provides readers with an overview of the available evidence about population change in London since the start of the COVID-19 pandemic. Ever since the first lockdown, there has a great deal of interest and uncertainty about how London’s population has been changing. This uncertainty arises because of…
Reopening London: 12 graphs and maps to help us think about what happens on April 12th March 29th, 2021 by Rosa Sulley, Amanda Robinson and Chris Paddock (PRD) The emerging London High Streets Data Service provides the most comprehensive locally derived evidence base for specific places ever assembled. Bringing together a range of proprietorial, public and primary data, it will provide a rapidly updated view of how London recovers and how specific places respond to the challenges of reopening and recovering. Underpinned by…
Poverty in London 2019/20 March 28th, 2021 by Rachel Leeser Key Points Overall poverty levels in London, in the period prior to the pandemic in the UK (up to March 2020), fell marginally. Evidence from elsewhere suggests that poverty levels will have increased during the pandemic, but the official data currently available covers the three year period ending March 2020. Child poverty remained stable in…
Graduate outcomes in London March 18th, 2021 by Barry Fong At the end of 2019 the Greater London Authority (GLA) commissioned the Social Market Foundation (SMF) to conduct research focusing on how the outcomes of graduates who have studied in London and those from London vary, by a range of different characteristics. The report ‘Graduate outcomes in London’ was published on the London Datastore in…
