LET Issue 146 October 2014
- UK GDP continues to grow but at a slightly slower pace
- No end in sight for the Eurozone’s problems
- London’s economy continues to grow but will face challenges in the coming year
- New orders in London rising
- Surveyors report that house prices are decreasing in London but rising in England and Wales
- Consumer confidence remains positive in London but turns negative in the UK
Growing together II: London and the UK economy – supplement
- London’s success is positive for the UK as a whole.
- Constraining London’s growth (through reduced infrastructure expenditure for example) will reduce UK growth and threatens London’s international competitiveness – most likely benefiting other countries (not the rest of the UK).
- Attempts to ‘share out’ London’s business activities across the UK, by whatever means, would most likely lead to businesses losing the benefits of locating in London; as a result they’d likely relocate to another international city – not the rest of the UK.
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