Report
London Quarterly Economic Survey, Q1 2026
Savanta between 26 January and 3 March 2026. A total of 505 London business leaders were surveyed, with data weighted to reflect the capital’s business population by size and sector.
London Quarterly Economic Survey
LCCI's Quarterly Economic Survey (QES) is London's biggest and most representative business survey.
For over a decade LCCI has conducted a QES of London businesses to gauge businesses' performance and general confidence levels across the capital. This is part of the biggest and longest running national private business survey, conducted by regional chambers of commerce across the UK every quarter.
About the Quarterly Economic Survey (QES)
Since 2014 LCCI has polled over 500 London businesses every quarter to find out how the capital is faring. The data is weighted to be representative of all London businesses by company size and broad industry sector. The survey provides crucial insight into what’s happening in London's business community.
The survey results are fed into HM Treasury, the Mayor of London, the Bank of England and many other influential policymakers.
Key Findings from QES Q1 2026
Early signs of recovery in London business confidence stalled by war in Iran
Business confidence in London saw a noticeable improvement in Q1 2026, according to the London Chamber of Commerce and Industry’s latest quarterly economic survey, with around half of firms (48%) anticipating a growth in turnover over the coming 12 months, up from 42% in the final quarter of 2025. However, this early progress is now at risk following the outbreak of war in Iran, which occurred after the survey’s fieldwork and has quickly introduced turmoil to the markets bringing with it uncertainty for businesses and households alike.
QES Programme Partner
About HSBC
HSBC is one of the world’s largest banking and financial services organisations. We serve approximately 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 63 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.
Conducted By
YouGov
YouGov is an international online research data and analytics technology group. Our mission is to supply a continuous stream of accurate data and insight into what the world thinks, so that companies, governments and institutions can make informed decisions. This is complemented by our social mission to make people’s opinions heard for the benefit of our local, national, and international communities.
Inside the QES Event: Watch the Highlights
Every quarter, our expert panel shares their insights on the report’s findings, explores the challenges and opportunities they reveal, and responds to questions from the audience. Watch the video to get a glimpse of what to expect when you attend.
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Policy and Campaigning
LCCI is the capital’s most representative business organisation – with members spanning small to multinational organisations, we reflect the broad interests of London businesses to policymakers, decision makers and opinion formers at every level.
Policy Briefings and Events
We regularly host events and briefings with key people from politics, media and industry, so they can interact and exchange views with our members. Attendees have included the Chancellor of the Exchequer, the Mayor of London, departmental ministers, newspaper editors and leaders of strategic infrastructure projects.