![]() ![]() In a reversal of the mid 20th-century trend, international migration helped lift the population to its pre-war peak by 2015, and was on track to hit 10 million. Population growth returned in the late 1980s, fuelled by London’s growth as a global financial centre, epitomised by the redevelopment of Canary Wharf in the London Docklands. Londoners are also more likely to work from home than anywhere else in the UK – due to a higher proportion of professional, IT and finance jobs in the City – meaning more people could move to other parts of the country if remote-working practices are sustained beyond the crisis.Ī decline in London’s population would represent a return to the years in the middle of the 20th century when London’s population collapsed after the second world war, as people moved away from the bombed-out and blitzed city for a life in the leafier home counties or other parts of the country, dropping from 8.6 million in 1939 to 6.8 million in the 1980s. ![]() According to economists, London’s jobs woes are a reflection of the city’s density and typical opportunities for work during normal times – such as in hospitality, leisure, retail and travel – which have been hit hardest by the pandemic. Job postings have fallen by the most among Europe’s biggest capital cities. Official figures show UK unemployment is rising fastest in London boroughs, as the country grapples with the deepest recession for 300 years. It said an August 2020 survey by the London Assembly found that 4.5% of Londoners – or 416,000 people – said they would definitely move out of the city within the next 12 months. London's population is forecast to decline this yearĪlthough it will take time before official population figures are published, PwC said there were early signs that London was on track to shrink for the first time this century. ![]()
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