The 2026 Spring Statement: Overview and Potential Implications for London March 26th, 2026 by Adam Yousef On 3rd March 2026 the Chancellor of the Exchequer, Rachel Reeves, presented an update on the UK’s economic performance amidst growing national and international uncertainty. Concurrently, the Office for Budget Responsibility (OBR) published an update of its Economic and Fiscal Outlook[1]. This supplement summarises the key announcements made and potential implications for London’s economy. Growth,…
London’s Economy Today editorial – July 2025 July 31st, 2025 by Daryl Rozario Jubair Ahmed Gordon Douglass Ali Ögcem and Sixia Zhang UK’s GDP contracts for a second month in a row in May The latest monthly UK GDP data from the Office for National Statistics (ONS) showed an unexpected contraction of 0.1% in May 2025 (Figure 1). This was the second monthly decline in a row following a 0.3% drop in April and was counter to…
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 – 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…
