Strategic economic development reports

Description

This 2022 report builds on the earlier analysis of London Weighting, and puts forward an updated basis for calculating a minimum London Weighting using ongoing research on a Minimum Income Standard (MIS) for the capital.

Source

Trust for London, Centre for Research in Social Policy, University of Loughborough

Description

This report offers empirical evidence on the impact of labour productivity on wages at the firm and at the local labour market levels (Travel-To-Work-Area, TTWA) in Great Britain (GB), with a focus on firms based in London and within the local labour markets composing the Greater London Authority: London and Slough and Heathrow (S&H).
The aim of this report is to offer evidence to ground policies that aim to foster productivity recovery, including in areas that top the productivity and wages distribution such as London, stimulate wage growth and living standards more generally, without increasing inequality within and between areas.

Source

University of Sussex (for Mayor of London)

Description

Productivity, or the efficiency with which production inputs (e.g. labour and capital) are being utilised to produce a given level of economic output. Increasing productivity is widely seen as a key enabler for improving living standards in the long term and as a necessary (but not in itself sufficient) condition for inclusive economic growth. It is therefore a key topic in any industrial strategy, including the Local Industrial Strategy (LIS) for London.
This paper summarises the findings a literature review on the effectiveness of policy levers to enhance productivity at a regional level.

Source

GLA Economics

Description

This report reviews the latest evidence to understand why labour productivity is so high in London overall and why its growth has stalled recently. This is a critical issue because, in the long-run, increasing productivity is crucial for economic growth and improving living standards. Boosting productivity growth is
unsurprisingly at the centre of the Local Industrial Strategy (LIS) for London.

Source

GLA Economics

Description

Access to talent is central to London’s competitiveness. It is important that all companies can recruit the skills and experience they need to innovate and grow. Tier 2 of the UK’s visa system is the main economic route for skilled immigration from outside the European Economic Area (EEA), where the position cannot be filled by a UK/EEA national or is on the Shortage Occupation List.

This report assesses the extent to which start-ups and SMEs, particularly those in the science and technology sectors, have difficulties in recruiting from outside the EEA through Tier 2.

Source

LEAP