Potential approaches to addressing London’s (and the UK’s) investment, productivity and growth challenges August 28th, 2025 by Adam Yousef, Senior Manager While it is widely acknowledged that the UK’s poor investment record is undermining both productivity and sustainable growth, it is important that any investment is targeted at specific sectors and activities as opposed to being broadly scattered. In a rapidly-evolving economic context that includes the emergence of ‘new economy’ sectors and decarbonisation, such a judicious…
London’s Economy Today editorial – January 2025 January 30th, 2025 by Daryl Rozario, Ali Ögcem, Gordon Douglass and Sixia Zhang UK inflation slows marginally in December Consumer Price Index (CPI) inflation slowed in December, according to new data from the Office for National Statistics (ONS). CPI inflation rose by 2.5% in the 12 months to December 2024, down from 2.6% in the 12 months to November (Figure 1). Figure 1: This drop in inflation had…
London’s Economy Today editorial – September 2024 September 26th, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, Sixia Zhang UK economy doesn’t grow for a second month in a row The Office for National Statistics (ONS) published data this month that showed that output in the UK economy did not grow in July compared to a month earlier (Figure 1). This follows on from no growth in June either. Figure 1: Looking at the…
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 September 2023 September 28th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope UK GDP falls in July Data published by the Office for National Statistics (ONS) this month showed that the UK economy contracted by 0.5% between June and July (Figure 1). Although a drop had been expected this was more than most economists had been predicting. Despite this monthly drop output was 0.2% higher in the…
London’s Economy Today editorial – August 2023 August 31st, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope and Jasmine Farquharson UK economy grew in the second quarter Data published by the Office for National Statistics (ONS) showed that the UK economy grew marginally in the second quarter of 2023. Output increased by 0.2% between April and June 2023 after increasing by 0.1% in the previous quarter. However, despite this subdued growth UK GDP remains 0.2%…
How is inflation affecting people in London? April 27th, 2023 by James Watson This article was recently published on the Economics Observatory website. London is a famously expensive city. But higher salaries, lower energy bills, and better public transport led some to believe that people living in the capital may be resilient to rising prices. By analysing the latest prices micro data, it is clear that Londoners face…
