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Morale slips in London businesses
Business confidence in London has faded in the second quarter of the year, according to a survey by accountants group ICAEW released yesterday. Morale dipped to an index score of 15.2, from 20.6 in the first quarter, but remains slightly above the UK-wide average of 13.7. Despite the downbeat sentiment, turnover grew by 4.3 per cent over the 12 months to the second quarter, up from 1.5 per cent in the year to the first quarter.