The 2026 Spring Statement: Overview and Potential Implications for London March 26th, 2026 by Adam Yousef On 3rd March 2026 the Chancellor of the Exchequer, Rachel Reeves, presented an update on the UK’s economic performance amidst growing national and international uncertainty. Concurrently, the Office for Budget Responsibility (OBR) published an update of its Economic and Fiscal Outlook[1]. This supplement summarises the key announcements made and potential implications for London’s economy. Growth,…
London’s Economy Today editorial – November 2025 November 27th, 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem and Sixia Zhang Chancellor announces significant revenue raising measures in the Budget The Chancellor’s Autumn Budget introduces £26 billion in tax rises by 2029-30, to fund £11 billion in spending increases and cut borrowing from 4.5% to 1.9% of GDP over the forecast period. Spending commitments include removing the two-child benefit limit (costing £3 billion and lifting 450,000…
London’s Economy Today editorial – September 2025 September 25th, 2025 by Daryl Rozario, Gordon Douglass and Sixia Zhang UK sees no growth in July Data published this month by the Office for National Statistics (ONS) showed that the UK economy didn’t grow in July (Figure 1). This followed growth of 0.4% in June although this lack of growth was what had been expected by surveyed economists. Figure 1: Contributions to monthly UK GDP…
The impact of rising interest rates and financial turbulence on London’s economy June 20th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, James Watson Higher interest rates and quantitative tightening are reversing the post-2008 global policy regime, with broad-ranging consequences. Massive pandemic policy stimulus combined with stretched supply chains to spark cost pressures around the world, which became a crisis when energy prices surged after Russia’s invasion of Ukraine. Central banks have responded to these inflationary pressures by sharply…
