London’s Economy Today editorial – December 2024 December 19th, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, and Sixia Zhang UK GDP falls unexpectedly in October The Office for National Statistics (ONS) published data for UK GDP growth in October. This data showed that UK output unexpectedly shrank in October with GDP dropping by 0.1% compared to a month earlier (Figure 1). Figure 1: Contributions to monthly UK GD) growth, October 2023 to October 2024…
London’s Economy Today editorial – April 2023 April 27th, 2023 by Daryl Rozario, Mike Hope, James Watson, Jasmine Farquharson Inflation still in double digits as doubts arise about persistent price pressures The UK continues to face inflation above 10% according to the latest figures by the Office for National Statistics (ONS). Consumer Price Index (CPI) inflation slowed in March 2023 but still came in at 10.1% year on year. While energy prices remain the…
London’s Economy Today editorial – Issue 247 – March 2023 March 30th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, and James Watson Cost of living crisis not easing yet, despite Government measures Inflation rose unexpectedly in February, with signs that some price pressures may take longer to ease. Consumer Price Index (CPI) inflation unexpectedly hit 10.4% year-on-year last month, up from 10.1% in January. The three main reasons were prices for restaurants and cafes, food and clothing.…
London’s Economy Today – editorial – Issue 245 – Jan 2023 January 26th, 2023 by Daryl Rozario, Gordon Douglass, James Watson and Jasmine Farquharson Inflation turning a corner, but households still face pinch points ahead Consumer Price Index (CPI) inflation eased for a second consecutive month in December, according to the Office for National Statistics’ (ONS) latest release. But at 10.5% year on year, headline CPI price growth remains near the highest level in 40 years. The latest data…
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…
