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Business Confidence in Government Shaky Ahead of Spending Review

Wednesday 11 June 2025 

A new survey of over 500 London businesses by the London Chamber of Commerce and Industry (LCCI) and Savanta has identified a growing concern among London businesses ahead of the Spending Review later this week.

According to the survey:

  • 42% of businesses say the government does not understand businesses and the environment they’re operating in, with only 23% of respondents saying the government understands businesses well.
  • And nearly half (45%) of businesses report that they expect to increase prices this year in response to the challenging economic outlook.

Karim Fatehi OBE, Chief Executive of the London Chamber of Commerce and Industry, commented: “London businesses want to grow, create jobs, and deliver the economic growth the UK so desperately needs, but many are concerned that the government doesn’t understand them and the challenges they face.

“In the last year alone, businesses have weathered a cost-of-living crisis, increased taxes and international trade disputes. London businesses are resilient, but they urge the Chancellor to use the Spending Review and the upcoming Autumn Budget as an opportunity to listen to the London business community and give them the confidence they need to invest and grow.”

London business leaders are also concerned about speculation that London will be largely excluded from the Spending Review. Mr Fatehi added:

“LCCI strongly supports capital spending across the UK to improve infrastructure and drive economic growth, but this must not be at the expense of London. London requires ongoing investment in infrastructure, especially transport, to retain its status as a global city, create jobs, and deliver financial returns that benefit the whole of the UK.”

Methodology: Savanta interviewed 506 London business leaders online between 17 April 2025 and 22 May 2025. Data was weighted to be representative of all London business leaders by size and broad industry sector. Savanta is a member of the British Polling Council and abides by its rules.


ENDS