London's Economy Today - Issue 66 - February 2008

The overview

• Bank of England cuts interest rates despite rising inflation
• rental demand up as housing market weakens
• city bonuses remain firm but recruitment is down

Economic indicators

• London firms continued to expand their output of goods and services in January 2008
• the PMI for new orders recorded 52.9 in January 2008 compared to 53.0 in December 2007
• annual house price inflation in London was 12.8% in Q4 2007, down from 16.5% in Q3 2007.

Women, employment and the gender pay gap

• average weekly childcare costs
• low paid women in London
• the gender pay gap in 2007

London’s Economy Today data on the Datastore

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