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London's economy outperforming the rest of the UK - Infographic summary

Looking at data between 2007 (before the economic downturn) and the latest available, a clear trend is apparent with London outperforming the rest of the UK economy

Analysing data from 2007, prior to the onset of the economic downturn, to the latest available, a clear trend is apparent with London outperforming the rest of the UK economy.

Over this period, London’s nominal output has risen faster than other regions; its employment and unemployment rates have fared better than other regions; it has seen a larger growth in its active business stock; it has seen an increase of over 250,000 jobs whilst most other regions have seen a decline; and the average incomes of its residents have increased when compared to residents elsewhere in the UK.

London’s path through recession differed from other regions. It maintained strong output growth in 2008 when growth in other regions began to slow. It followed this with a smaller decline in output in 2009 than anywhere else. Other regions bounced back in a greater extent in 2010, but the regional data for 2011 again showed London with much stronger year-on-year growth in output than the rest of the UK.

Categories: Economy, National Accounts, Regional Accounts, Labour Market, Business Births, People in Work, Earnings, Productivity, Business and Energy, Businesses, Research and Development in Business, Children, Education and Skills, Higher Education and Adult Learning, Higher Education Skills and Qualifications, School and College Education, School and College Skills and Qualifications
Content from the Office for National Statistics.
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