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The British Guardian newspaper published a report reporting that London’s population has declined for the first time in more than 30 years, driven by the economic fallout from the coronavirus pandemic and people’s reassessment of where they live during the crisis.
According to the newspaper, the number of people living in London could drop by more than 300,000 this year, from a record high of about 9 million in 2020 to 8.7 million, and this would end decades of growth with the first annual decline since 1988.
These expectations come as city dwellers rethink their living conditions during lockdown, and the boom in work from home during the pandemic encourages more and more people to consider moving elsewhere.
The report also said the UK could record “child bankruptcy” in 2021, with the annual birth rate falling to the lowest level since records began more than a century ago.
Although it will take some time to publish official population figures, there are early signs that London is on track to contract for the first time this century.
She said a survey conducted by the London Society in August 2020 found that 4.5% of Londoners – or 416,000 people – said they would definitely move out of the city within the next 12 months.
Official figures show that unemployment in the United Kingdom is rising faster in London’s neighborhoods, as the country grapples with its deepest recession in 300 years, and vacancies have declined among the largest capitals in Europe.
According to economists, the jobs woes in London are a reflection of the city’s density and job opportunities typical during normal times – such as hospitality, entertainment, retail and travel – which have been hit hard by the pandemic.
Also, Londoners are more likely to work from home than anywhere else in the UK – given the high proportion of professional, IT and financial jobs in the city – meaning that more people could move to other parts of the country if remote work practices continued. After the crisis.
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