London's Economy Today - Issue 3 - November 2002

The overview

Edition 3:

• there has not been much of a slowdown in the London economy
• output growth is still positive, tube ridership is flat and unemployment is slightly up
• a recovery has started and the Bank of England thinks it will accelerate

Economic indicators

• the FTSE 100 index remains well above its low point of 3700
• trading volumes have held up well in London despite price weakness
• house prices show little isgn of slowing down

Public Sector Finance And Recession

• the impact on Public Sector Finances
• what would it take to force a major change of policy
• impact on London Taxation and Public Expenditure

London’s Economy Today data on the Datastore

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