Companies in London reported a rise in confidence in their own business prospects month-on-month, up 16 points to 63% and a 33-point climb in their confidence in the wider economy to 61%.
London businesses identified their top target areas for growth in the next six months as investing in their teams (44%), introducing new technology (44%) and entering new markets (38%).
Overall, UK business confidence rose nine points in January to 44% - its highest level since February 2022 and its strongest start to a year since 2016.
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