Business confidence:

• All Capital 500 business confidence indicators have now reached their lowest recorded level since Q3 2016.
• The balance figure for overall company prospects dropped for the fourth consecutive quarter to -10%, as more businesses expected their performance to worsen than improve.

Economic outlook:

• During Q1 2018, expectations for both the London economy and the UK economy rose compared to last quarter, while the overall figures continued to be negative on balance.
• The balance for expectations of the London economy rose by 5 points to -21%, while expectations of UK economic growth went up by 4 points to -26%.