The easy gains from re opening the London economy have now mostly been realised, and the visitor economy is still weak. Meanwhile, mounting pressures are dampening the UK’s recovery, affecting London. But employment in the capital is rising, even if the full year total will be lower than in 2020, and businesses remain confident. The Purchasing Managers’ Index suggests that London’s output growth remained stable in September, contrasting with the previous two months when growth appeared to slow from record highs.
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