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 – May 2024 May 31st, 2024 by Daryl Rozario, Mike Hope, Sixia Zhang UK GDP grows strongly in first quarter of 2024 After two quarters of mild negative growth of -0.3% in 2023 Q4 and -0.1% in 2023 Q3, the UK grew strongly by 0.6% in 2024 Q1, reports the Office for National Statistics (ONS). Year-on-year growth was a more modest 0.2%, and over the last two years…
The impact of Brexit on London’s economy – 2023 report January 11th, 2024 by Daryl Rozario Since the June 2016 Referendum on the United Kingdom’s membership of the European Union, there have been many studies and assessments of that decision’s impact on the UK and its various economic sectors and regions, including London. Broadly speaking, the literature concurs that Brexit has been exerting pressures on the London and UK economies, to…
The impact of ending tax-free shopping on the UK and London economies September 28th, 2023 by Adam Yousef Introduction It is widely known that the tourism sector contributes considerably to the UK and London economies. Few events illustrate the extent of this impact better than the COVID-19 pandemic, which led to a series of restrictive lock-down measures that impacted severely on domestic and international tourism to London and the rest of the UK.…
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…
