London

  • Londoners are happier than they were but are still the most miserable in the UK, the importance of creative industries to the capital and the wider UK economy highlighted October, 2019

    Unemployment in London increased by 17,000 to 225,000 between June and August, the uplift of 0.4% took the overall rate to 4.6%, the second highest in the UK. The South West continued to record the lowest rate at 2.4% with the UK rate at 3.9%. The highest rate was 5.8% which was recorded in the North East. The South West also had the highest employment rate at 81.0% which compared with 74.2% in London. UK employment was estimated at 75.9%. London average property prices fell by 1.3% to £472,753, this took the annual decrease to 1.4% which was still the biggest drop in the UK. In comparison, UK prices grew by 0.8% to £234,853 during August, an annual growth rate of 1.3%. The ONS’s Personal Well-being (or Happiness) Index has ranked London top out of the 12 UK ‘regions’ in terms of improved happiness since the last survey. Overall though, the Northern Irish were still the happiest in the UK with Londoners still the most miserable. Development Research by the London Chamber of Commerce has indicated firms continue to have problems recruiting staff and that one in three companies are seeing increased wage demands. More positively, the survey of more than 500 firms also found around one...