Research carried out by the Confederation of British Industry (CBI) indicates that 57 per cent of London firms have now returned to the hiring levels they had before the economic downturn took place.
In addition, 51 per cent of London firms are now optimistic about their business prospects over the next six months, a figure which rises to 57 per cent when only small and medium-sized organisations are polled.
Sara Parker, CBI London regional director, said it is "great news" that more London firms are hiring as normal and redundancies have fallen.
"London is a great place to do business. Companies view the city's talent pool, ease of access to global markets and proximity to clients as the capital's biggest strengths," she added.
It comes after a report by the Office for National Statistics showed that staff who work in London tend to travel longer to get to work than those in the rest of the UK, with 56 per cent needing to commute for more than 30 minutes.
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Posted by John Oak
Source: The Sales Director News