London's Economy Today - Issue 67 - March 2008

The overview

• financial markets in turmoil and US investment bank rescued by rival with Federal Reserve assistance
• the stricken Bear Stearns investment bank is bought by JP Morgan Chase
• weak US employment figures signals a faltering US economy

Economic indicators

• London firms continued to expand their output of goods and services in February 2008
• the PMI for new orders recorded 53.4 in February 2008 compared to 52.9 in January 2008
• The DCLG reported a decrease in annual house price infl ation in London and the UK in Q4 2007

Budget 2008: A summary

• environment
• welfare reform
• child poverty

London’s Economy Today data on the Datastore

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