London's Economy Today - Issue 151 - March 2015

The overview

• Chancellor delivers final Budget Statement before General Election
• The future path of public spending outlined
• The Budget announces measures with a specific focus on London

Economic indicators

• House prices, as measured by the Offi ce for National Statistics, were higher in Q4 2014 than in Q4 2013 for London and the UK
• The Purchasing Managers’ Index (PMI) of business activity recorded 58.9 in February 2015, down from 59.8 in January 2015
• February 2015 saw an increase in new orders for London firms