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Since late 2021, the prices for many essential goods in the United Kingdom began increasing faster than household incomes, resulting in a fall in real incomes. The phenomenon has been termed a cost-of-living crisis. This is caused in part by a rise in inflation in both the UK and the world in general, as well as the economic impact of issues ...
According to the 2011 Census, 6,083,420 or 77.9% of London's population aged 3 and over spoke English as a main language, with a further 1,406,912 (19.8%) speaking it as a second language or well to very well. [ 46 ] 271,693 (3.5%) could not speak English well, while 47,917 (0.6%) could not speak English at all.
London had the fifth largest metropolitan economy in the world in 2011 according to the Brookings Institution. [ 12] Some of its neighbourhoods have estimated per capita GVA as high as £116,800 ($162,200). [ 13] The London fiscal surplus, £32.5 billion in 2016–17, [ 14] mostly goes towards funding services in other parts of the UK.
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From 15 November 2021, the living wage rate or "real living wage" is £9.90 per hour outside London and £11.05 per hour within London. [1] [2] Increases to £10.90 outside London and £11.95 inside London were announced on 22 September 2022, [3] with the Living Wage Foundation expecting member employers to implement the increase "as soon as ...
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In 2012, research into the costs and benefits of a living wage in London was funded by the Trust for London and carried out by Queen Mary University of London. [52] Further research was published in 2014 in a number of reports on the potential impact of raising the UK's statutory national minimum wage to the same level as the Living Wage ...
The UK's home dwelling cost per type in July 2018 was on average: [47] Detached: £378,473; Semi-detached: £230,284; Terraced: £200,889; Flat/maisonette: £230,603; London is ranked as the top city in the world in terms of the number of ultra high net worth individuals who are resident in a city. [48]
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