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Half of London businesses struggling to recruit

More than 50% of businesses in the capital have struggled to recruit new staff in the last three months.

Research by the London Chamber of Commerce and Industry also found 26% of firms felt under pressure to increase wages.

It is urging government to make it easier for businesses to employee people from overseas.

"For the second successive quarter, businesses have told us that they are facing significant issues recruiting staff with the right skills. This means that increasingly, businesses need to look outside of the domestic labour market for the staff they need. "Making it easier for businesses to recruit from overseas is critical, we must see a reduction in the red tape associated with recruiting non-EEA workers and exempt foreign students from the net migration target, restoring their right to work in the UK after graduating."

– Peter Bishop, Deputy Chief Executive of London Chamber of Commerce and Industry

City of London jobs boost

The City of London Credit: PA

More than three thousand new jobs were created in the City of London this month. That's 25% more than in March last year according to new figures.

According to the recruitment firm Astbury Marsden the rise was down to investment banks increasing their numbers of technology staff and an increase in mergers and acquisitions.


Federation of Small Businesses calls for Boris Johnson to deliver a business agenda.

Federation of Small Businesses has asked Boris Johnson to deliver a small business focused agenda for his next four years in office.

In a letter of congratulation, the FSB has also called for the Mayor to deliver on his manifesto commitments of tackling the issue of business crime, as well as investing in alternative forms of finance and infrastructural development that are critical to small businesses' growth.

“The Mayor has many challenges to face in the next four years, but also a great deal of opportunity to create the conditions for London’s small business community to grow."

– Sue Terpilowski, Federation of Small Businesses


BA takeover could lead to 1,200 job loses at bmi

bmi could be hit with huge job losses

The takeover of bmi by British Airways is set to lead to up to 1,200 job losses, the airline announced today.

BA started consulting unions on proposals to integrate the bmi business into its operations at Heathrow Airport after the acquisition was given regulatory approval from the European Commission last month.

BA said that without the acquisition, all 2,700 bmi jobs could have been lost.