29th January 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...
29th January 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass and Sixia Zhang
UK inflation picks up in December The Office for National Statistics (ONS) published data on December’s Consumer Price Index (CPI) inflation this month. This showed that CPI inflation rose by 3.4% in the 12 months to December 2025; up from 3.2% in November (Figure 1). This was higher than expected...
18th December 2025 by Adam Yousef
On 26 November 2025, Chancellor Rachel Reeves delivered the 2025 Budget within a context characterised by fiscal pressures and growing international uncertainty. This supplement presents some of the Budget’s key announcements and potential implications for London and Londoners. Macroeconomic outlook...
18th December 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, and Sixia Zhang
UK GDP shrinks in October Data published this month by the Office for National Statistics (ONS) showed that the UK economy contracted in October. Output fell by 0.1% in the three months to October 2025 after growing by 0.1% in the three months to September (Figure 1). This was the first fall in...
27th November 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...
27th November 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem and Sixia Zhang
Chancellor announces significant revenue raising measures in the Budget The Chancellor’s Autumn Budget introduces £26 billion in tax rises by 2029-30, to fund £11 billion in spending increases and cut borrowing from 4.5% to 1.9% of GDP over the forecast period. Spending commitments include removing...
30th October 2025 by Pauline Bucher
Gender inequalities in the UK and London labour markets are large. Recent data show that women living in London are around 10 percentage points less likely to be in work than men; and earn on average 19% less per hour than men.[1] Economists highlight the role of children in gender inequality, with...
30th October 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem and Sixia Zhang
UK inflation remains steady in September The Office for National Statistics (ONS) published data on September’s Consumer Price Index (CPI) inflation this month. This showed that CPI inflation remained unchanged at 3.8% in the 12 months to September 2025; it has remained at this level since July...
25th September 2025 by Jubair Ahmed
London is the world’s third-most visited city, attracting roughly 21 million international visits in 2024 (more than half of all international visits into the UK), generating £17 billion in spending. Given the scale of these numbers, it is important for policymakers to understand if the supply of...
25th September 2025 by Daryl Rozario, Gordon Douglass and Sixia Zhang
UK sees no growth in July Data published this month by the Office for National Statistics (ONS) showed that the UK economy didn’t grow in July (Figure 1). This followed growth of 0.4% in June although this lack of growth was what had been expected by surveyed economists. Figure 1: Contributions to...
28th August 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...
28th August 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass and Sixia Zhang
UK GDP growth beats expectations in second quarter Data published this month by the Office for National Statistics (ONS) showed that the UK economy continued to grow in the second quarter of 2025. Output increased by 0.3% in Q1 2025 after growing by 0.7% in Q1 2025 (Figure 1). This rate of growth...
6th August 2025 by Ben Corr
Summary The GLA’s 2024-based demographic projections will be a key part of the evidence base for the next London Plan. Final projections are expected to be published at the beginning of 2026, but the GLA has published an initial set of trend-based population projections – labelled ‘research outputs’...
1st August 2025 by Ben Corr
Summary On 24 June, ONS published their 2022-based subnational population projections (SNPP). Whilst acknowledging that projecting future population is inherently difficult, we think there are problems with these projections and can’t generally recommend their use in London. In particular, they...
31st July 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 the...
31st July 2025 by Simon Webster
In June 2025, the GLA’s City Intelligence Unit released the sixth edition of its State of London report, a wide-ranging statistical publication presenting a comprehensive overview of London’s current economic and social conditions. Drawing from over 100 datasets across 11 policy domains, the report...
26th June 2025 by Ali Ögcem
GLA Economics published its latest macroeconomic scenarios-based forecast for London on 19th June. 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...
26th June 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...
29th May 2025 by Adam Yousef
It is commonly acknowledged that the UK in general, including London, has experienced low rates of investment especially since the 2008 Financial Crisis. This idea, however, masks divergences in the sectoral composition of UK investment over the past 25 years, which in some cases contributed to that...
29th May 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 was...
24th April 2025 by Yiqiao Chen
More than 200,000 Londoners had more than one job in 2024 – about 4% of those in employment. Multiple job holding has become more common over the past decade, growing from 147,000 (3.6% of London’s workforce) in 2014 to 201,000 (4.3%) in 2024. Cost-of-living pressures, greater working flexibility,...
24th April 2025 by Daryl Rozario, Ali Ögcem, Gordon Douglass, Jubair Ahmed, and Sixia Zhang
UK GDP grew strongly in February The Office for National Statistics (ONS) has this month published data for UK GDP growth in February. This data showed that UK output grew quite strongly in February, with GDP rising by 0.5% compared to a month earlier (Figure 1). This compares to zero growth in...
27th March 2025 by Adam Yousef, Senior Manager
London is commonly perceived as an ‘investment magnet’ not just by the UK but also by global standards. While this is true to a certain extent, it masks the devil in the detail, which is that this idea does not always hold. In this supplement, we look specifically at London’s investment performance...
27th March 2025 by Daryl Rozario, Gordon Douglass, Jubair Ahmed, and Sixia Zhang
Chancellor delivers Spring Statement On 26 March the Chancellor of the Exchequer, Rachel Reeves, delivered the 2025 Spring Statement which had a heavy focus on improving government efficiency and increasing spending on defence. The Chancellor thus announced the creation of a £3.25bn Transformation...
17th March 2025 by Guillaume Paugam
1 Introduction In London, 2.2 million people were in relative poverty according to the latest data for 2020/21-2022/23 – meaning that 24% of the capital’s residents lived in households with less than 60% of UK median income.[1] This was higher than the UK-wide rate of 22%. At that time, many labour...