London’s business community remains surprisingly upbeat about the city’s economy and outlook for the next 12 months, according to a survey of professionals by Santander.
The poll found that just 9% of local business people are pessimistic about London’s economy; in contrast, almost half feel that despite Brexit, London’s economy is unchanged and 45% are optimistic, including 13% who are ‘very’ optimistic. Just 16% believe the outlook for business will worsen over the next 12 months and the majority are hopeful about prospects for local employment.
The research of local business sentiment was conducted to support Santander’s Breakthrough Red Box week-long business event to showcase support for business in London.
French presidential hopeful Emmanuel Macron’s rhetoric to tempt London-based banks to relocate to Paris doesn’t fully stand up to scrutiny, says Brickendon CEO Christopher Burke.
Most are ‘hugely optimistic’ that their business will succeed in the year ahead, according to Ricoh Europe.
Companies have only a limited time to complete their preparations before the UK departs the EU, warns Marsh executive Mark Weil.
A global study by American Express of more than 3,000 business leaders in small to medium enterprises finds them in confident mood.