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London

Demography

Until recently, strong migration into London has led to rapid growth in the population. Roughly half of the UK’s ethnic minority population lives in London. (Read more...)

Household income and spending

Household income and spending in London is around 25% higher than the rest of the UK. (Read more...)

Housing market

Recent housing market indicators show a steady recovery for London. In particular, there were overall increases in house prices, housing starts and advances on dwellings in 2011Q1. An increase of 73% in housing starts in 2011Q1 may partly account for the increases in output growth within the construction sector. (Read more...)

Industries and firms

London’s economy is dominated by services, especially financial services, although high value-added manufacturing also plays a role. The importance of the public sector, in terms of employment, has diminished in recent decades. (Read more...)

Labour market

The labour market in London has remained stronger than the UK average throughout 2010 and into 2011Q1, according to the claimant-count unemployment rate. (Read more...)

News and interpretation - Property and Infrastructure

Developers have recently revived plans to build two landmark skyscrapers in the Square Mile, and phase two of the Thameslink rail project is to proceed as planned. (Read more...)

News and interpretation - Services

London is experiencing buoyant growth in retailing of luxury goods, as is shown by shop rents in particular locations. Demand for office space in the City is outstripping supply, with little new space due to be completed until 2014. (Read more...)

Occupational mix

London’s occupational mix is more favourable, and earnings substantially higher, than the UK average. (Read more...)

Short-term outlook

The short-term outlook in London is positive. GVA growth is expected to be in line with the UK average in 2011 and then to accelerate more rapidly than the UK average in 2012. Growth in GVA and employment is expected to be driven by services, but with some contribution also from manufacturing. Exports of goods and services are expected to grow. (Read more...)

Skills and earnings

Residents in London are better qualified than the UK average, and earnings are also well above average. (Read more...)

The long-term: Demography

The diversity and range of skills of London’s population seem set to continue improving. (Read more...)

The long-term: GVA and employment

Output growth in London is expected to outpace the rest of the UK in the long term. (Read more...)

Transport infrastructure

The transport resources of London by road, rail, air and water, and the urban transport system. (Read more...)