The fifth issue of The London Intelligence marks a full year of our tracking London’s performance. This issue finds that London's economy remains buoyant despite Brexit uncertainty and population slowdown.
The London Intelligence is a quarterly review of the capital’s demographic, housing, transport, economic and quality of life data.
In the first quarter of 2018 job numbers in London increased to 5.9 million, the highest on record. London’s unemployment rate mirrored the increase in London’s workforce, falling close to a record low of 255,000 unemployed people in the first quarter of 2018.
London’s population grew at the slowest rate in over a decade during the year to mid-2017. Population growth rate slowed to 0.6 per cent, almost half the growth rate of a year previously (which was 1.1. per cent).
London’s emergency departments felt the benefits of warm weather at the beginning of 2018, with a drop in the number of patients not dealt with in under four hours. GP referrals fell nearly 2 per cent in the first quarter of 2018, but still perform worse than the rest of England on this measure.
London’s local authorities housed 55,000 households in temporary accommodation in the first quarter of 2018. Over one third of these were housed out of their borough. More worryingly, over 16,000 households had a duty owed to them, but no accommodation was found.
Business confidence, as measured by the Purchasing Manager’s Index, stood at 56.2 in June, its highest since October last year and four points higher than the same period last year, and one point higher than the UK as a whole.
Public transport ridership across London continues to fall. In the 12 weeks to end of May, journeys on the underground fell 0.6 per cent – in excess of 66,000 fewer than the previous year – with bus ridership falling 1.8. per cent.