London’s population is growing twice as fast as the rest of the UK, according to official research.
Figures gathered by the Office for National Statistics revealed that London’s population grew by 1.3 per cent to 8.3 million between 2011 and 2012. Meanwhile, the the rest of the population grew by just 0.7 per cent.
According to standard.co.uk, the amount of businesses being launched has increased much faster in London than the rest of the UK.
This growth suggests that there will be more competition for bookings in the capital’s conference spaces and corporate venues. It also means that London remain the UK’s most populated region, with 5,285 people per square kilometre.
Itv.com reports that London’s residents are an average of 34 and earn £613 a week in wages. In the rest of the UK, the average resident is aged 39.7 and earns just £506 a week.
It was reported that London currently generates 22 per cent of the UK’s total economic output. That’s more than any other English region, Wales, Scotland or Northern Ireland.
Nevertheless, news of this population growth might refuel fears of an imminent housing crisis in the capital, as supply of new homes struggles to keep up with increased demand.