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 – 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…
The furlough scheme in London November 25th, 2021 by Daryl Rozario, Ammar Ljubijankić, and Christopher Rocks Introduction The government’s Coronavirus Job Retention Scheme (CJRS) – or furlough scheme – closed at the end of September 2021, having run in some form since March 2020. This note reviews the latest official statistics and third-party analyses to consider how the scheme has affected Londoners. Use of furlough was relatively high in London, particularly…
