15 September 2016
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London Business Survey September 2016
The latest CBI/CBRE Business Survey shows strongly, following a period of steady optimism, that optimism for business prospects has dropped to it’s lowest levels since 2008.
This is having a negative impact on business recruitment plans. Despite this, 93% of the responding businesses think London is a good place or a very good place to do business. 95% cite the cities access to the EU as the capital’s top strength with businesses highlighting that many of their customers, suppliers, and back office functions come from the UK regions and EU countries.
The top five issues of concern for business over the next year are.
Retaining best people
Uncertainty over UK’s role in Europe
Lack of appropriately skilled staff
Reduced consumer demand
The Regulatory pressures.
The survey also included the role and legacy left in London following the 2012 Olympic Games.
71% Improved London’s reputation for hosting major games.
63% Helped act as a catalyst for regeneration and infrastructure investment
55% Increased tourism
20% Attracted new business opportunities
18% Had little or no impact on business in London
10% Strengthened London’s skilled base.