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City of London

New Year, Same Economy: The London Rush

Shoppers on the high street in Southend-on-Sea, UK.

Shoppers on the high street in Southend-on-Sea, UK.

Photographer: Chris Ratcliffe/Bloomberg

Welcome to 2023: a fresh start, a clean slate, a chance to start anew? Perhaps not. Unfortunately none of the problems haunting last year have magically disappeared over the holiday period. Strikes will still cause disruption for thousands, a recession still looms, and inflation is still in the double digits.

Here’s the key business news from London this morning: