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Revealing local economies in suburban London
This project brings a rigorous research-based understanding to bear on a public policy issue —and set of practices— which now threatens the economy of London. The severity of the UK housing crisis is being experienced with the greatest force in London, one of the main aspects of which is exceedingly high prices for land where there are prospects of building housing for the market. These high land prices are now extinguishing other uses of urban space, notably the activity (outputs, jobs, services) making up a large part of London’s complex economy. This issue is coming to the fore partly through the Just Space Economy and Planning Group in which UCL has collaborated closely with business organisations and been extensively consulted by the GLA Economics team.This project is developing robust and practical techniques which can be used to make good the yawning gap in understanding of what the economy is and how it works in the day-to-day process of making land-use-change decisions at borough and GLA levels.
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