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What could falling population growth mean for the UK economy?

Expansion in London’s population nearly halves year-on-year

In the 12 months to June 2018 the UK population hit 66m, up 0.6% year-on-year according to new figures from the Office for National Statistics (ONS).

However, this rate of increase was the slowest since 2004 and in London growth almost halved due to a significant decline in the net inward flow of overseas citizens.

The ONS cited the Brexit vote and its fallout as one of the drivers of this trend. Population growth can influence economic growth but the two are not always closely correlated.

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05 Jul 2018

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