The facts about transport spending in London

By Mark Wingham. You often hear in the media that London receives a lot more in transport spending than any other region. And yes, more is spent in London in total than anywhere else in the UK – around £8.5 billion was spent by the public sector in 2015-16, more than a quarter of the…

London’s creative industries – 2017 update

By Christopher Rocks, Economist. Since 1998 the Department for Culture Media and Sport (DCMS) has grouped together sub-sectors as wide ranging as visual arts, advertising and computer services to classify and measure the ‘creative industries’. These sub-groups are described as: ‘those industries which have their origin in individual creativity, skill and talent and which have…

Some economic uncertainty but London’s economy likely to continue to grow

Gordon Douglass from GLA Economics goes through the latest economic forecast for London. Since our previous forecast was published in autumn 2016, economic events have calmed down to some extent although Article 50 has been triggered formally starting the ‘Brexit’ process. Despite the economic uncertainty this has caused it has so far had limited impact…

London’s relationship with Europe

Gordon Douglass, Supervisory Economist, GLA Economics Since the 23 June referendum vote for ‘Brexit’ there’s been a high demand for data and statistics looking at London’s relationship with Europe and also how London sits in the UK as a whole. Fortunately lots of data sources are available to the GLA Intelligence Unit and we have…

London’s Economic Outlook: Autumn 2016

Despite some economic uncertainty the London and UK economies continue to grow Gordon Douglass from GLA Economics goes through the latest economic forecast for London… Since our previous forecast was published in the spring of 2016, economic events have moved on a pace with the UK voting in the June referendum to leave the EU.…

Comparing London with other global cities

By Mark Wingham A common question we get asked at the GLA is how does London compare with other international cities. Many comparisons between London and other global cities to date have focused on particular topics or sectors, such as tourism and foreign direct investment. These comparisons have been outlined in Chapter 3 of the…

Local authority level gross value added estimates for London, 1997-2014

By Gordon Douglass, Supervisory Economist In December 2015, the Office for National Statistics (ONS) released provisional estimates of regional, sub-regional and local gross value added (GVA) for 2014[1]. These data showed that in 2014, London’s total GVA was over £364 billion, up 6.8 per cent on 2013. London now accounts for 22.5 per cent[2] of…

Long-run employment projections for London 2016

In June, GLA Economics published its latest employment projections for London, and the supporting data on London Datastore. The projections use updated data to project the number of jobs in London broken down by sector and at the borough level. To support these judgements GLA Economics has developed a longer back series of employment and…

London’s Economic Outlook – Spring 2016

Despite a slowing global economy the economic forecast remains positive for London.  Gordon Douglass from GLA Economics goes through the latest economic forecast. Since our previous forecasts were published in the autumn of 2015 economic conditions in London have slowed a touch but remain more upbeat than for the UK as a whole, despite continuing…

An economic perspective on house prices in London: analysing some big questions

By Joel Marsden, Economist The market for home ownership, house prices and mortgage costs in London are all topics which excite much opinion, and have inspired many blog posts. The latest GLA Economics working paper attempts to cut through the myriad views to focus on the economic fundamentals – looking at how house prices are…

Work and life in the Central Activities Zone (CAZ), the northern part of the Isle of Dogs (NIOD) and their fringes

The CAZ had over 125,000 local business units based within it in 2014, generating employment of over 1.8 million. The area produced output worth around £139 billion in 2012 and saw its population increase by 21 per cent between 2001 and 2011 compared to an increase for London as a whole of 14 per cent.…

London Business Survey 2014: Foreign Ownership

Capitalising on last year’s innovative London Business Survey (LBS), which provided a unique insight into the issues affecting business owners and managers in the capital, the GLA Economics team has been looking at the LBS’ findings more closely to gain insights into the nature of foreign business ownership in London. What do we know about…