The global economic climate has worsened, forecasts are being downgraded for both UK and world economies and Britain’s EU membership hangs in the balance. With genuine cause for concern, is now the time to invest?
Yesterday saw the launch of London Chamber of Commerce and Industry’s Capital 500 quarterly economic survey results for Q1 2016, in partnership with ComRes, which surveyed a total of 506 London business leaders in February. The headlines, as summarised by ComRes’ Director of Political Polling Tom Mludzinski, are:
- Despite all business performance indicators being on an upward trajectory, expectations for the year ahead were in significant decline – just 2% of businesses expect UK growth to improve.
- There has been an improvement in domestic demand, with 11% of businesses reporting increased domestic sales.
- There has been a significant jump in export sales, with 10% of businesses reporting increased export sales.
- There is positive news in the employment market, with growing employment figures in London. 9% of businesses have increased employment levels.
- 15% of businesses have increased investment in training, however those recruiting are having trouble finding candidates with the skills they are looking for.
Analysing these results at the event, held at Metro Bank, were: Christian May, Editor of City AM; Paul Mellor, Design Director at Mellor&Smith; Capital 500 regular Vicky Pryce; and Colin Stanbridge, Chief Executive of LCCI.
Read the full article here.