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London's Economy Today

Issue 76 - December 2008

London's Economy Today issue 76 PDF (636Kb)
London's Economy Today issue 76 RTF (413Kb)

The overview

• Bank of England cuts interest rates to 2 per cent.
• Global car industry in trouble.
• London seen as a gateway to international markets.

Economic indicators

• Annual output growth slowing in London and the rest of the UK.
• New orders in London falling.
• Consumer confidence still negative.

Capacity takes centre stage in Transport for London's latest business plan

• Tube upgrades and Crossrail will deliver significant new capacity and reduce overcrowding.
• Plans to add a third carriage to trains on the Docklands Light Railway will effectively increase capacity by 50 per cent while two extensions (in progress now) to Woolwich Arsenal and Stratford International will drastically reduce journey times to/from these destinations.
• Transport for London will continue to invest in the London Overground network which is planned to become a high frequency service, improving on the current four trains per hour timetable.

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