Between 2006 and 2012 London was probably the only UK region to experience a real rise in consumer spending, of perhaps 0.7% a year. This particularly reflected growth in the financial, professional and digital sectors, boosting employment and particularly pay. These sectors are now facing some challenges in London, but any difficulties are likely to be overcome, and consumer spending in the capital should continue to outperform the rest of the UK over the next four years.
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