• London’s economy battered by the pandemic and the capital’s unemployment the highest in the UK February, 2021

    A nowcast for London for the 12 months ended December 2020, published by the Economic Statistic Centre of Excellence (‘ESCoE’), has estimated that the capital’s economy contracted by 12.9%. This ranked London bottom in the UK.  Over the same period the East Midlands was ‘best’ with a fall of 8.9%. ESCoE also gave estimates of regional growth over a longer period. Over the last five years, London, the East of England and the West Midlands have grown relative to the other parts of the UK despite experiencing some of the largest declines in activity in 2020. At the bottom of the table,...