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.
Concerns over their continued ability to trade with other European Union countries mean that in-house lawyers and partners in law firms are considering relocating, reports MLex.
A report from the Chamber of Commerce and the Confederation of British Industry sets out strategies for businesses looking ahead to the end of the decade.
European investors have proved more cautious this year, but Asian funding has reached a new high.
Cyber risk is till top of the agenda for the financial industry, but firms are also worried about the continuing refugee crisis and Brexit’s repercussions.