Your Business Confidence Boost: London Mooning Up!
London’s business scene just landed a +11‑point jump in confidence this June, rocking the Business Barometer to a tidy 64%. The numbers came from Lloyds’ latest survey that pulls in 1,200 firms every month – the ultimate barometer of UK economic vibes.
Inside the Numbers
- ⏬ Own biz prospects climbed 13 points to 70%, showing firms feel pretty pumped about their own future.
- Economy outlook leaped 11 points to 59%, making the overall confidence read hit a fresh high.
- Hiring intentions hit a double‑digit (45%) – a 5‑point increase from May, signalling bold plans to grow teams.
- Growth priorities for the next six months:
- Team training: 55%
- New markets: 49%
- Tech roll‑outs (automation, AI): 46%
UK‑Wide Snapshot
All over the UK, confidence edged up by 1 point to 51%. The nation scoring highest was Wales at 67%, followed closely by London at 64%. Manufacturing and retail sectors had a double win, each rallying 12 points to a solid 52% – manufacturing hitting an 11‑month high!
Industry Swings
- Construction’s confidence slid 5 points.
- Services fell 4 points.
Voices from the Frontline
Kirsty Sadler (London Regional Director, Lloyds) expressed her delight: “It’s fantastic to see London business confidence continue to rise.” She added: “The optimism aligns with real plans for growth – hiring more, investing in tech or expanding markets.”
Hann‑Ju Ho (Senior Economist, Lloyds Commercial Banking) noted, “Business confidence has kept the positive momentum, especially in hiring intentions. Firms are looking beyond the short term and gearing up for future expansion.”
Why You Should Care
High confidence can spark fresh contracts, smarter tech investments, and an uptick in local talent hiring. For entrepreneurs, it means more support from banks and a better chance at funding. For casual observers, it signals that London businesses are gearing for a brighter, bolder tomorrow.
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