London’s Economy Today editorial – October 2024 October 31st, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, and Sixia Zhang UK economy grows in September After seeing two months of zero growth in both June and July, data from the Office for National Statistics (ONS), published this month, showed that the economy grew by 0.2% in August (Figure 1). Figure 1: The ONS estimates that all sectors of the UK economy grew in August. Output…
London’s Economy Today editorial – November 2023 November 30th, 2023 by Daryl Rozario, Mike Hope The Chancellor delivers tax cuts, although the tax burden for households is still rising Higher than expected inflation has increased tax receipts and enabled the Chancellor, Jeremy Hunt, to cut taxes in his Autumn Statement this month – the headline announcement was a 2 percentage point cut in National Insurance contributions (NICs) for employees from…
