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Evening Standard
Evening Standard
Business
Jonathan Prynn and Simon English

London’s small firms ‘set to bear brunt of recession’

The number of empty shops has continued to fall but remains higher than pre-pandemic levels (Tim Goode/PA)

(Picture: PA Wire)

SMALL firms in London, the “lifeblood” of the capital’s economy, will be acutely hit by the UK’s plunge into recession, business leaders warned today.

The London Chamber of Commerce and Industry (LCCI) “implored” the Government to ease the pressure on small and medium-sized business already struggling under the burden of higher costs and weakening demand.

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