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Confidence in London business creeps up in January
Confidence in London business has crept up for the first time since the pandemic began. (Getty Images)
Business confidence in London rose five points during January to three per cent, according to the latest Business Barometer from Lloyds Bank.
The rise marks the first positive reading on the barometer since the Covid-19 outbreak began.
The business barometer quizzes 1,200 businesses monthly. This month companies in the capital reported higher confidence in their own business prospects month-on-month, up 11 points to nine per cent. This, combined with their views on the economy – down one point to minute two per cent – gave a headline confidence reading of 3 per cent.