London's Economic Growth 'Sluggish', Study Says

London's Economic Growth 'Sluggish'

PRESS ASSOCIATION -- London's economy has been described as "sluggish" after a new study found only marginal growth in recent months.

The London Chamber of Commerce said firms in the capital improved domestic sales in the quarter to June, but orders were said to be "flat".

Companies performed better in export markets, highlighting the low levels of demand in the UK, said the report, adding that more London firms increased their workforce in recent months.

Peter Bishop, deputy chief executive of the London Chamber of Commerce, said: "London's businesses saw conditions improve during quarter two but at a frankly disappointing and sluggish rate, with growth still way below pre-recession levels.

"The coalition Government needs to be more radical in its plans for growth, by ensuring red tape is dramatically reduced and introducing more incentives to encourage firms to invest and expand their business."

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