UK GDP growth highlighted by London Business Survey

This announcement echoes Clarity's research from the London Business Survey (Autumn) 2009 that highlighted growing business confidence for the 6 months to May 2010.

Speaking of the results, Paul Collins, Managing Director of Clarity, said,

"It's a relief for many businesses that signs of a recovery are in place.  It's been a dismal run for consumers and businesses alike, and we hope that we can all use this as a springboard for a positive 2010."

The London Business Survey results released in November 2009 showed that London businesses were feeling more positive.  83% of London businesses canvassed expected an increase in turnover compared to 75% of those asked the same question in Spring 2009.

"Many businesses have been asking us our views of the economy based on our research and we're delighted that our thoughts have been matched with the official ONS statistics.  The London Business Survey is proving to be an accurate independent business barometer," Paul added.

"Although this news is welcome, we believe there are still tough times ahead for the public and businesses.  Inflation, interest rates, international credit ratings, potential government changes and ongoing regulatory reform in legal and financial services are all uncertainties that could lead to a "double-dip" and take us back into recession in the next 6 months.

Having said that, let's all take a short sigh of relief and continue to be proactive as business leaders and create wealth and jobs and continue the economic recovery."