London’s employment mix and the bank bailouts have helped it avoid the worst of the recession, but things do not look so rosy for the capital’s poor

摘要

When the recession hit many predicted that London would fare the worst.udHenry Overman argues that while incomes and employment haveudcontracted in London in the last two years, the capital’s high proportion ofudprofessional and service occupations as well as government interventionsud(including the bank bailouts) have shielded it from the worst of the recessionudthus far, and has even led to some above average rises in spending.