CAPITAL 500 London Quarterly Economic Survey April – June 2022 Q2 In partnership with Sponsored byLCCI COMMENTARY – THE BUSINESS VIEW The economic climate for London’s businesses, particularly our capital’s micro companies, remains uncertain. On the one hand, there are encouraging signs of a recovery in London as the number of inbound tourists from overseas increases and of?ce workers make more journeys in the week into the centre. The Platinum Jubilee weekend offered a chance for London to showcase its businesses to the world. At the same time however, the latest Capital 500 shows domestic sales have plateaued, business con?dence has slumped, and costs are rising sharply for London companies. Concerns over in?ation, rising borrowing costs and a tight labour market are growing as well. JAMES WATKINS Measures undertaken by the Chancellor to support households are welcome and will hopefully alleviate the pressures on the most vulnerable in our society. Additional support is needed, however, to reduce the cost of business to help London and the UK thrive. Head of Policy and Public Impact, London Q2 Chamber of Commerce and Industry Businesses have had to weather