This is the eighth Global Cities Survey from the London Property Alliance (LPA). The research, undertaken by Centre for London and featuring data from Oxford Economics, tracks London’s performance against its key global city peer cities of New York, Paris, Berlin and Hong Kong.
Our analysis aims to promote a better understanding of the UK capital’s (largely economic) performance on the world stage and presents an empirical analysis of London based on data across a range of sectors.
Comparisons are made with London’s main competing global cities of New York, Paris, Berlin and Hong Kong.
As the UK’s leading world city, London is competing for talent, private sector investment and visitors at a global level. Our capital city acts as a gateway to much of the rest of the UK for business, visitors and investment. The London Property Alliance believes that London has an essential role in driving economic growth and prosperity for the whole of the UK, and is at its strongest when it is competing effectively internationally.
Whilst the fundamentals of the UK capital are strong, we are concerned by our latest findings that show London is the only city we track to have fewer job vacancies than before the pandemic, potentially signalling a forthcoming slowdown in economic activity.
We hope that this report provides meaningful insight into how London is faring, and that policy makers and business can use it to make better decisions on many of the issues that affect London’s ability to prosper over the short, medium and longer term.
Authors: Jon Tabbush, Zarin Mahmud (both Centre for London) and Alexander Jan (London Property Alliance)Download the report here