In May, business confidence in London surged to 53%, a notable increase of 10 points, according to Lloyds' Business Barometer. Confidence in personal business prospects rose to 57%, while optimism towards the broader economy increased to 48%. Businesses aim to evolve their offerings, invest in team training, adopt new technologies, and explore new markets as key growth strategies. Overall, UK confidence also improved, reaching its highest level since August 2024, with varying confidence levels across regions and sectors. London’s business community showcases resilience and ambition in adapting to change.
It's encouraging to see strong growth in business confidence across the capital this month. The renewed optimism reflects the ambition, adaptability and forward-looking mindset that defines London's business community.
London businesses identified their top target areas for growth as evolving their offering, investing in their team, introducing new technology, and entering new markets.
Collection
[
|
...
]