London businesses remain cautiously optimistic about their profitability and turnover prospects in 2025, despite mounting cost pressures and concerns over recent Budget policies, according to the Capital 500, London’s Quarterly Economic Survey (QES) conducted by London Chamber of Commerce and Industry (LCCI). Nearly half (48%) of businesses in the capital expect their turnover to grow in the next 12 months. Despite this, overall confidence in business prospects has declined, with net confidence falling to +15, down from +29 in Q3 2024, marking the lowest figure recorded since 2023.