Tuesday 12 September 2023

Responding to the latest ONS labour market figures, James Watkins, Head of Policy and Public Impact at London Chamber of Commerce and Industry said:

“These ONS figures show that businesses will want to see concrete policy steps that could help to reduce the upward pressures on inflation, which in turn would reduce the need for further monetary policy tightening. The underlying factor behind these statistics is that the skills crisis is biting hard in the capital. According to our research, 67% of all London firms faced difficulties in recruiting skilled staff. That is why, the London Chamber of Commerce and Industry, working with other business organisations, have presented a skills roadmap to Education Secretary, Gillian Keegan MP and London Mayor, Sadiq Khan. Latest figures reveal that until we really get to grips with London's skills crisis, the pressures on businesses' bottom lines will continue during this cost-of-living crisis. We believe in flexible, agile training that delivers for learners, for businesses and for London. This must be about enhancing the economy - and enhancing peoples' life chances”.

ENDS

About the London Chamber of Commerce and Industry

LCCI is London’s key hub for the business community. We are accredited by the British Chambers of Commerce and support our members’ businesses through a range of services, products, and events. We are committed to creating business connections and opportunities, and advocate on behalf of London’s business community.

For more information, visit our website.

Media contacts:         

Kriti Gupta – Media Officer    
kgupta@londonchamber.co.uk
+44 (0) 7967459014     

Vittoria Zerbini- Media Assistant
vzerbini@londonchamber.co.uk
+44 7831 637843