London's Economy Today - Issue 64 - December 2007

The overview

• UK base rate cut to 5.5 per cent
• the credit crunch continues
• UK housing market slowing down

Economic indicators

• London firms continued to expand their output of goods and services in November 2007 but at a slower pace compared to previous months
• the PMI for new orders recorded 51.6 in November compared to 56.8 in October
• the DCLG reported an increase in annual house price inflation in London and the UK in Q3 2007

London’s Central Business District: Its global importance

• The Central Business District (CBD) including Canary Wharf is home to many of the capital’s core activities and businesses
• it is a business district of global standing employing one and a half million people
• it is home to around 300,000 residents and a celebrated centre for culture

London’s Economy Today data on the Datastore

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