London Business Looking up Despite Lingering Downturn

London Business Looking up Despite Lingering Downturn

Almost three-quarters of London businesses are still “feeling the pain of the recession”, but more are preparing for growth than a year ago, a survey has found. According to Business Link in London’s annual Business Confidence Index, it is taking longer for London firms to recover from recession than expected. Some 72% – around the same as reported this time last year – are continuing to struggle with slow customer spending and economic uncertainty. Yet, the report concludes, there are reasons for optimism. Of the 3,000 businesses questioned in October and November last year, almost four in five cited growth as a priority, and more than one in four were planning to introduce new products. “The findings indicate that London business owners are feeling positive and gaining confidence.&... »