There may be trouble ahead: expectations for London’s economy
A small majority of Londoners are concerned about the impact that leaving the EU will have on London’s economy.
54 per cent think leaving the EU will have a negative impact on investment from foreign business and individuals into London businesses in the short term, with 52 per cent expecting a negative impact on the capital’s economic growth.
The survey also asked people about their views on what Brexit would mean for personal finances.
Three quarters (76 per cent) of Londoners think that the price of day-to-day products such as food and clothing will increase.
This belief in price increases is consistent across all demographic groups, possibly reflecting high-profile media coverage; from Marmite to Apple, every day seems to bring fresh news of price rises prompted by the declining pound.
However, this increase in the cost of living is not generally expected to be met by an increase in wages, with half of Londoners (49 per cent) expecting wages to stay the same, and one in four (26 per cent) expecting wages to decrease.