London’s Economy Today editorial – May 2026 May 28th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem, and Sixia Zhang UK inflation drops in April The latest data on Consumer Price Inflation (CPI) from the Office for National Statistics (ONS) showed that it slowed to 2.8% in the 12 months to April 2026, down from 3.3% in March (Figure 1). The slowdown in CPI inflation was below that expected by surveyed analysts who had expected it…
Preview of London employment projections (2024-based update) January 29th, 2026 by Yiqiao Chen GLA Economics has regularly updated trend-based long-term employment projections to inform policy making and city planning in London since 2002. A forthcoming publication will support the evidence base for the next London Plan, updating results to take into account changes in the outlook since the last London Plan evidence was published in 2017 and an…
The Inclusive Talent Strategy November 27th, 2025 by Kathryn Petrie, Principal Economist, Insights team, Skills and Employment Unit, GLA Last month the GLA and London Councils launched the Inclusive Talent Strategy (ITS). The ITS is a vital step in delivering the London Growth Plan. It aims to ensure that all Londoners can benefit from growth by building a skilled workforce and helping more people access high-quality jobs, while making it easier for employers to…
London’s Economy Today editorial – June 2025 June 26th, 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, and Sixia Zhang Chancellor announces additional capital allocation but with tight departmental spending increases in the Spending Review The Chancellor of the Exchequer, Rachel Reeves, delivered the Spending Review 2025 on 11 June. In it she continued the government’s approach to public investment, allocating an additional £115 billion in capital investment over the period to 2029-30. Most importantly…
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…
London’s Economy Today editorial – June 2024 June 27th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang UK GDP growth was flat in April The UK economy did not grow in April according to new data published by the Office for National Statistics (ONS). The data showed that monthly GDP grew by 0% in April 2024 (Figure 1). This followed on from growth of 0.4% in March. Nevertheless, the ONS estimates that…
The impact of rising interest rates and financial turbulence on London’s economy June 20th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, James Watson Higher interest rates and quantitative tightening are reversing the post-2008 global policy regime, with broad-ranging consequences. Massive pandemic policy stimulus combined with stretched supply chains to spark cost pressures around the world, which became a crisis when energy prices surged after Russia’s invasion of Ukraine. Central banks have responded to these inflationary pressures by sharply…
London’s Economy Today editorial – Issue 247 – March 2023 March 30th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, and James Watson Cost of living crisis not easing yet, despite Government measures Inflation rose unexpectedly in February, with signs that some price pressures may take longer to ease. Consumer Price Index (CPI) inflation unexpectedly hit 10.4% year-on-year last month, up from 10.1% in January. The three main reasons were prices for restaurants and cafes, food and clothing.…
London labour market projections 2022 – Interim update October 27th, 2022 by Nick Jacob London’s economy has generated employment at an unprecedented rate over the past 30 years, adding nearly 2m jobs since 1991. But what can we expect over the next 30 years? To help answer this question, GLA Economics has published an interim update of its long-term employment projections. This supplement provides an overview of the report,…
