Starting a new business? Get 40% off our accountancy services for 3 months! 😀


A study carried out by the Confederation of British Industry (CBI) and KPMG shows that recruitment in the capital is stable. The survey was carried out on 188 London companies, half being Small and Medium Enterprise’s. The results of the survey revealed that 57 percent of businesses now have normal recruitment levels, compared to 45 percent in the six months previously.

Companies who are making staff redundant are now down to 20 percent, an improvement on the previous figure of 29 percent. However, the 20 percent of companies who are cutting staff shows that the economy remains unstable. Half of larger companies are confident about their prospects in the coming six months, while slightly more SME’s are showing confidence, despite their fears for the economy. In complete contrast to previous fears caused by public spending cuts, companies are now concerned with threats of a double dip recession, increasing prices and rate of inflation and tax increases.

The majority of companies surveyed believed that the Olympics would increase visibility for London internationally, with almost 75 percent of businesses confident that regeneration of the Capital would improve. The chairman of the London KPMG, Richard Reid said:

“While putting on an amazing Games to showcase London at its best is essential, it is the legacy that the Games will leave for businesses and Londoners beyond 2012 that is a vital part of hosting the Games next year, and it is obvious that more needs to be done to communicate this effectively.”

About The Author

Gary Fields

Content Writer working alongside our expert accountants to bring you the latest Tax and Accounting news.

More posts by this author
Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?


Call us on 020 3355 4047 if you’re not sure.