London’s Economy Today editorial – May 2026 May 28th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem, and Sixia Zhang UK inflation drops in April The latest data on Consumer Price Inflation (CPI) from the Office for National Statistics (ONS) showed that it slowed to 2.8% in the 12 months to April 2026, down from 3.3% in March (Figure 1). The slowdown in CPI inflation was below that expected by surveyed analysts who had expected it…
London’s Economy Today editorial – April 2026 April 30th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, and Sixia Zhang The economic fallout from the disruption in the Strait of Hormuz continues Since the opening of hostilities between the US and Israel and Iran on 28 February the economic effects of this conflict have become more evident. Despite the announcement of a ceasefire on 7 April the Strait of Hormuz has remained severely restricted to…
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…
London’s Economy Today editorial – March 2025 March 27th, 2025 by Daryl Rozario, Gordon Douglass, Jubair Ahmed, and Sixia Zhang Chancellor delivers Spring Statement On 26 March the Chancellor of the Exchequer, Rachel Reeves, delivered the 2025 Spring Statement which had a heavy focus on improving government efficiency and increasing spending on defence. The Chancellor thus announced the creation of a £3.25bn Transformation Fund “to support the fundamental reform of public services, seize the opportunities…
London macroeconomic scenarios (December 2024 update) December 19th, 2024 by Sixia Zhang GLA Economics published its latest macroeconomic scenarios-based forecast for London on 17th December. The two main outcome variables are real Gross Value Added (GVA) – a measure of London’s output – and workforce jobs (WFJ) – a measure of employment. We project both variables over the medium term (to the end of 2026). Further, we…
London’s Economy Today editorial – July 2024 July 25th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang UK GDP continues to grow in May Data published by the Office for National Statistics (ONS) this month showed that the UK economy grew robustly in May. Monthly real GDP increased by 0.4% in May 2024 after stagnating in April (Figure 1). Figure 1: Monthly UK GDP growth and its contributions, May 2023 to May…
London’s Economy Today editorial – April 2024 April 25th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang UK GDP saw further growth in February This month saw the publication by the Office for National Statistics (ONS) of monthly GDP numbers for the UK for February 2024 (Figure 1). This data showed that the UK economy grew by 0.1% month on month in February. This follows monthly growth of 0.3% in January (revised…
London’s Economy Today editorial – March 2024 March 28th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang UK economy experienced growth in January The Office for National Statistics (ONS) published monthly UK GDP data for January 2024 earlier this month. This data showed that the UK economy grew by 0.2% in January, which follows on from a monthly decline of 0.1% in December 2023 (Figure 1). Figure 1: Both the services sector…
London’s Economy Today editorial – May 2023 May 25th, 2023 by Daryl Rozario London accelerates ahead of UK in latest growth data Output growth in London was the fastest in the UK, according to the latest regional GDP figures from the Office for National Statistics (ONS). And while the data only run to Q3 2022, more recent figures suggest the capital continues to grow ahead of the rest…
London labour market projections 2022 – Interim update October 27th, 2022 by Nick Jacob London’s economy has generated employment at an unprecedented rate over the past 30 years, adding nearly 2m jobs since 1991. But what can we expect over the next 30 years? To help answer this question, GLA Economics has published an interim update of its long-term employment projections. This supplement provides an overview of the report,…
London’s Economy Today – editorial – October 2022 October 27th, 2022 by Daryl Rozario, Mike Hope, James Watson, and Jasmine Farquharson Reverberations of mini-Budget continue to echo through the economy Last month’s LET editorial discussed the tax cuts (worth £45 billion in 2026/27) announced in the mini-budget on 23 September 2022. The current Chancellor of the Exchequer, Jeremy Hunt, has reversed £32 billion worth of these measures, including the planned reductions in corporation tax, and the…
London macroeconomic scenarios (August 2022 update) August 25th, 2022 by James Watson GLA Economics published its latest macroeconomic scenarios-based forecast for London on 25 August[1]. The two main outcome variables are real Gross Value Added (GVA) – a measure of London’s output – and workforce jobs (WFJ) – a measure of employment. We project both variables over the medium term (to the end of 2024) and we…
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…
