London's Economy Today - Issue 75 - November 2008

The overview

• Bank of England cuts interest rates while the government cuts VAT for 13 months as borrowing set to soar
• UK economy on the brink of a recession
• the credit crunch hits nation states

Economic indicators

• London firms decreased their output of goods and services in October 2008
• the PMI for new orders recorded 43.5 in October compared to 49.4 in September
• surveyors reported a negative net house price balance for England and Wales of -82 in October 2008, up from -84 in September 2008

Pre-Budget report 2008

• economic and fiscal projections
• financial sector interventions
• fiscal policy

London’s Economy Today data on the Datastore

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