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For the first time in the 21st century, the population of London is set to decline.
That s according to Big Four accountancy firm PwC, who made the prediction in its January 2021 Economic Outlook paper. The firm anticipates a shift away from city living this year, with more Londoners leaving the capital and fewer newcomers making it their home.
The cause of this supposed impending urban flight? Unsurprisingly, the coronavirus pandemic shoulders a lot of the blame. Having been stuck at home for the best part of a year, PwC posits that people are placing newfound importance on spacious homes, access to green spaces, and a local community you can rely on and at least two out of those three are notoriously hard to come by in London. ....

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