London's Economy Today - Issue 91 - March 2010

The overview

• budget measures on income tax and stamp duty hit London hardest
• sharp fall in UK exports results in widest trade deficit since August 2008
• commodity prices in the UK rise on the back of the pound’s depreciation

Economic indicators

• London firms increased their output of goods and services in February 2010
• the PMI for new orders recorded 59.6 in February compared to 58.9 in January
• The DCLG reported a small rise in annual house prices in both London and the UK in Q4 2009

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