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’s Economy Today editorial – May 2025 May 29th, 2025 by Daryl Rozario, Gordon Douglass, Jubair Ahmed, and Sixia Zhang UK sees strong GDP growth at the start of the year Data published this month by the Office for National Statistics (ONS) showed that the UK economy grew strongly in the first quarter of 2025. Output increased by 0.7% in Q1 2025 after growing by 0.1% in Q4 2024 (Figure 1). This rate of growth…
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 – April 2023 April 27th, 2023 by Daryl Rozario, Mike Hope, James Watson, Jasmine Farquharson Inflation still in double digits as doubts arise about persistent price pressures The UK continues to face inflation above 10% according to the latest figures by the Office for National Statistics (ONS). Consumer Price Index (CPI) inflation slowed in March 2023 but still came in at 10.1% year on year. While energy prices remain the…
