2 March 2017

Update

CBI/CBRE release the latest London Business Survey

The CBI and CBRE released the latest London Business Survey, looking at the key issues affecting London’s businesses

CBI/CBRE release the latest London Business Survey

Regarding London’s current business climate, despite the significant political uncertainty seen in 2016, London firms’ optimism has rebounded since the last London Business Survey, conducted just after the EU Referendum. A fifth of companies (19%) feel more positive about the economy over the next six months (compared to 4% in the last Survey).

Read the full report

In addition, 58% of firms stated the outcome of the EU referendum had no impact on their ability to recruit and retain talent. Furthermore, 54% plan to maintain their current investment plans.

On infrastructure, more than eight in ten (84%) of London’s firms cited Crossrail 2 as being central to the successful running of the capital. However, only 12% of firms stated they would be happy to financially contribute to its development at this stage

Meanwhile, 80% of firms cited sticking to the Government’s current timetable for delivering Heathrow’s third runway as being vital to London’s attractiveness as a place to invest.

Regarding London’s continued expansion eastwards, 84% of firms stated new river crossings to the east of the capital would benefit London’s growth enormously. However, just 38% believed river crossings are materially important to their business.

For further information please contact Daniel.Woolf@cbi.org.uk