London's Economy Today - Issue 184 - December 2017

The overview

• UK inflation hits six-year high adding further squeeze to cost of living
• Brexit negotiations move to look at the future relationship
• London’s economy starts 2018 on a solid footing

Economic indicators

• Business activity growth remains strong in London
• Private firms report a further increase in new business
• Consumer confidence turns negative in London

London’s Economy Today supplement: 2017 - An economic review

• The year has again been dominated by Brexit, but other big economic events included the first increase in interest rates since 2007, the General Election, two UK Budgets and the strength of the labour market.
• Specifically for London, the Government provisionally agreed to Crossrail 2 and is continuing its plans to expand Heathrow Airport. Phase One of HS2 (linking London to the West Midlands) received Royal Assent while the process for appointing construction partners for the new HS2 stations at Euston and Old Oak Common is underway.
• The rate of house price inflation in the capital has more than halved, from an average annual increase of 10.1 per cent in 2016 to just 3 per cent in 2017 so far.

London’s Economy Today data on the Datastore

• London’s Economy Today on the Datastore has more interaction and a greater personal focus