LCCI survey finds London business confidence soaring

According to a survey by the London Chamber of Commerce and Industry (LCCI), London business confidence is at an all-time high, with 66% expecting their turnover to increase over the coming year. The survey demonstrates the highest level of optimism in 25 years.

However, the survey found that over half of companies are having difficulty finding staff with the right skills. Apprenticeships are the answer to plugging the skills gap, as companies can train people up from a young age. Available in a whole range of sectors from accountancy to journalism, there is a wealth of opportunity for employers looking to grow their workforce.

Chief Executive of LCCI Colin Stanbridge said: “It is great to see London businesses looking confidently towards the future, feeling positive about not just their own company’s prospects but those of the wider economy.

“But we must not overlook the difficulties that our members face in recruiting sufficiently qualified staff as this is a real vulnerability and is holding London back. We were glad to see the Chancellor announce the expansion of apprenticeship grants to employers, which we called for in our budget submission.”