London’s business confidence remains the highest in the UK despite a slight month-on-month decline, reflecting stronger optimism than any other region, according to Lloyds Business Barometer.
Despite a marginal month-on-month decline in confidence, London businesses are focusing on growth through entering new markets, investing in their teams, and adopting new technologies.
The overall UK business confidence acknowledged a drop to 39%, however, it is still above the long-term average, indicating a nuanced economic landscape.
London's firms prioritize growth opportunities, with 54% aiming to enter new markets and significant interest in evolving their offerings and integrating technologies like AI.
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