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London's Economy Today - Issue 155 - July 2015

Key information

Publication type: General

Publication date:

Contents

The overview

  • Chancellor unveils first majority Conservative Budget in nearly two decades
  • Greece agrees deal to remain in the Eurozone
  • UK GDP growth picks up

Economic indicators

  • House prices, as measured by Nationwide, were higher in Q2 2015 than in Q2 2014 for London and the UK.
  • Firms in London increased their output of goods and services in June 2015.
  • June 2015 saw an increase in new orders for London firms.

LET supplement: Interim employment projections published

  • The central projection estimates that jobs in London will grow from 2014 at an annual average rate of 0.69 per cent, equivalent to 40,800 jobs per annum, to reach 6.418 million in 2036.
  • Jobs in the professional, real estate, scientific and technical sector are expected to grow strongly, accounting for nearly two-fifths of the total increase expected in London.
  • At the borough level, strong growth in jobs is projected for Tower Hamlets and Southwark, along with other central London boroughs.
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