Responding to new GDP figures, which indicate that the UK economy failed to grow in January, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“After a sluggish end to 2025, it’s disappointing to see the economy start the year on the back foot again. The war in Iran threatens to hit business and consumer confidence while also pushing up inflation so it’s vital that the Government acts quickly to remove barriers to growth that are within its gift.
“That means working with the private sector to accelerate delivery of major infrastructure projects that can unlock sites for new homes and boost our global connections. It means ensuring the proceeds of any new overnight stay levy for London are used to support growth. And it also means looking again at changes to the business rates system that risk deterring investment.”