Report
London Quarterly Economic Survey, Q3 2026
This survey was conducted using an online interview administered to members of the YouGov Plc UK panel of 2.5 million+ individuals who have agreed to take part in surveys.
Policy
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.
Join the Next QES Report Launch Event
LCCI Quarterly Economic Survey (Capital 500) Report Launch
Date and Time: Tuesday 5 January 2027, 3.00pm - 5.00pm
Venue: TBC
Join the London Chamber of Commerce and Industry (LCCI) for the launch of our Q4 2026 Quarterly Economic Survey. Conducted shortly after Andy Burnham’s first Budget as Prime Minister and John Healey’s first as Chancellor, the survey will offer an early view of London business sentiment following the announcements.
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.
Research Conducted by YouGov
About YouGov
The London Quarterly Economic Survey is produced by the London Chamber of Commerce and Industry and the survey is 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.
Key Findings from our Q3 Quarterly Economic Survey 2026
On 1 October, we launched our Q3 2026 Quarterly Economic Survey, the definitive study of London business confidence. The findings make for sobering reading. For the second quarter running, 90% of London businesses did not attempt to recruit, and among those that did, 55% ran into difficulties. Almost two-thirds (64%) of businesses are operating below full capacity, up from 59% in Q2, while 31% reported worsening cashflow against just 12% seeing an improvement. Half of businesses (55%) saw higher fuel costs and 51% higher energy costs, with six in ten telling us that lowering the cost of doing business should be the Government's top priority ahead of the Budget.
Inside the Report Launch: 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.
Featured QES Reports
Report
London Quarterly Economic Survey, Q2 2026
All figures, unless otherwise stated, are from YouGov Plc. The total sample size was 512 senior decision-makers in London businesses. Fieldwork was undertaken between 6 May and 3 June 2026. The survey was carried out online. The figures have been weighted and are representative of private-sector London businesses by size and industry.
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.
Report
London Quarterly Economic Survey, Q4 2025
January 2026
Savanta surveyed between 17 October and 15 December 2025. A total of 504 London business leaders were surveyed, with data weighted to reflect the capital’s business population by size and sector.
Report
London Quarterly Economic Survey, Q3 2025
October 2025
Savanta surveyed between 9 July and 4 August 2025. A total of 505 London business leaders were surveyed, with data weighted to reflect the capital’s business population by size and sector.
Report
London Quarterly Economic Survey, Q2 2025
July 2025
This survey conducted by Savanta between 17 April and 22 May 2025. A total of 506 London business leaders were surveyed, with data weighted to reflect the capital’s business population by size and sector.
Report
Capital 500: London Quarterly Economic Survey, Q1 2025
April 2025
Savanta surveyed a total of 506 London business leaders between 23 January and 20 February 2025. All data was weighted to be representative of all London businesses by company size and broad industry sector.
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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.