London’s employment mix and the bank bailouts have helped it avoid the worst of the recession, but things do not look so rosy for the capital’s poor
AbstractWhen the recession hit many predicted that London would fare the worst. Henry Overman argues that while incomes and employment have contracted in London in the last two years, the capital’s high proportion of professional and service occupations as well as government interventions (including the bank bailouts) have shielded it from the worst of the recession thus far, and has even led to some above average rises in spending.
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Bibliographic InfoPaper provided by London School of Economics and Political Science in its series Open Access publications from London School of Economics and Political Science with number http://eprints.lse.ac.uk/31732/.
Date of creation: 20 Jan 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-11 (All new papers)
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