London is a city of contrasts and contradictions –great scores for income and skills overall, but drill below at a borough level and we see marked contrasts, even in single boroughs. It demonstrates the scale of the complex issues, particularly around housing and transport the city is trying to tackle. The heavy reliance on suburban commuter zones for London workers has important policy implications for how local authorities prioritise and co-ordinate their investments with other areas.
– David Snell, London leader for PwC
There’s no denying the capital’s attractiveness as a business hub. But good growth and good jobs means more than just work and income. On the nationwide index, London’s ranking, in the bottom five, is the equivalent to a city with 25% lower income.