London's Economy Today - Issue 55 - March 2007

The overview

• in spite of turbulence in global equity markets, London’s economy remains firm
• the capital’s output and employment growth remain robust
• failing to invest in London’s infrastructure risks public investment elsewhere

Economic indicators

• London’s firms continued to expand their output of goods and services in February 2007
• the PMI of business activity recorded 57.1 in February compared to 59.1 in January
• The DCLG reported an increase in annual house price inflation in London and the UK in Q4 2006

How large is wage inequality in London?

• how do we measure wage inequality?
• different points in the earnings distribution
• have disadvantaged groups kept up with the wage growth of median wages?

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