Welcome to the third edition of The London Intelligence, a quarterly review of demographic, housing, transport, economic and quality of life data. This issue shows that London's economy is sustaining slow growth.
There’s been a significant drop in the number of foreign nationals coming to London. The sharpest falls in National Insurance Number Registrations has been among EU nationals and young people.
The economy is sustaining slow growth but there is continuing uncertainty for a number of economic growth indicators. The capital’s unemployment rate increased marginally and job growth slowed. Though the total number of tourists is down, the total visitor spending continues to be up, likely due to the weaker pound.
Reported violent crime continues to rise (albeit not as fast as overall crime) – the quarter to November saw over an eight per cent annual rise – with knife crime a key contributor to this. Meanwhile, Londoners’ concern about Brexit regains top spot in the issues index, overtaking the NHS.
London’s house prices fell by 4.1 per cent in the year to November 2017, the largest fall since August 2009. Prices by property type across London show mixed fortunes. In the year to November, the average price paid for flats fell by 6.7 per cent, while prices for semi-detached rose 3.9.
The most recent air pollution data suggests that recent months have seen some dramatic improvements along London’s roads and in its background environment. Meanwhile, The London Intelligence paints a mixed picture for London’s healthcare performance and delivery.