London macroeconomic scenarios (June 2025 update) June 26th, 2025 by Ali Ögcem GLA Economics published its latest macroeconomic scenarios-based forecast for London on 19th June. 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 2027). Further, we…
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…
Autumn Budget 2024: Highlights and Implications for London November 28th, 2024 by Adam Yousef The Government’s Autumn 2024 Budget included several major fiscal changes, including a revision of the method by which national debt is measured for national accounting purposes, an upcoming rise in national insurance contributions for employers and commitments related to regional devolution. Some of these changes could significantly influence London’s economic trajectory. On October 30th 2024,…
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…
London’s Economy Today editorial – August 2022 August 25th, 2022 by Daryl Rozario, Gordon Douglass, Jasmine Farquharson, and Mike Hope Inflation rises strongly again Annual UK Consumer Price Index inflation (CPI) rose to 10.1% in July, up 0.7 percentage points from the June rate of 9.4%, according to the Office for National Statistics (ONS). This is the highest rate of inflation since 1982, according to ONS modelling. Rising food and non-alcoholic drink prices made the…
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…
London’s Economy Today – August 2021 editorial August 26th, 2021 by Mike Hope and Jasmine Farquharson London’s economy recovers strongly although weaknesses remain This month the Office for National Statistics (ONS) released its first estimate of London GDP growth for Q4 2020 and GLA Economics published its latest scenarios for the London economy. The ONS data show that the drop in London’s economic output in 2020 was less deep than for…
