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Transport And High Costs Are The Key Problems To Doing Business In London - Topline Results

 
  • MORI interviewed 500 London members of the Chartered Institute of Management Accountants (CIMA) by telephone between 15-30 May 2003.
  • CIMA provided MORI with their London membership database. From the membership details provided, MORI then interviewed as many finance directors as possible, with a random sample of the remainder, subject to restricting coverage to one person per organisation.
  • Results are based on all respondents (500) unless otherwise stated.
  • Data are not weighted.
  • An '*' indicates a finding of less than 0.5%, but greater than zero.
  • Survey conducted by MORI on behalf of the Chartered Institute of Management Accountants.

Business In London

160

Q1 How satisfied or dissatisfied are you with London as a place for your business?
160 %
Very satisfied 41
Fairly satisfied 48
Neither satisfied nor dissatisfied 5
Fairly dissatisfied 4
Very dissatisfied *
Don't know 1

160

Q2 What, in your opinion, are your company's business reasons for having their head office in London?
160 %
TRANSPORT / TRAVEL: 3
Buses/trains 2
London Underground/the Tube 2
Roads 1
Congestion Charging 0
Parking 0
Traffic congestion 0
LOCATION: 58
Close to 'the City' and financial institutions 29
Convenient location for all facilities 20
Good connections internationally 10
Good connections nationally 8
Close to airport 4
Close to Government 3
COST: *
The cost of living *
The cost of property *
Taxes/Council Tax 0
Childcare costs 0
The cost of housing 0
BUSINESS: 21
Access to good quality employees 10
Our client base is in London 9
Key directors live in London 3
Business rates/Insurance premiums *
Job opportunities/better salaries/higher wages *
Regulation *
OTHER: 34
Historical reason/have always been in London 18
Prestige 8
Good services/facilities/amenities 1
Good cultural facilities and restaurants 1
Large population 1
English language 1
The mixture of people who live here *
Threat of terrorism *
The range of housing available 0
Safety in London/Crime rates 0
Other 7
160
Don't know 1
Head office is not located in London 7
None of these/nothing 1

160

Q3 What, if anything, would you say are the two or three best things about running a business in London?
160 %
TRANSPORT / TRAVEL: 17
Buses/trains 10
London Underground/the Tube 9
Roads 4
Better communication 2
Congestion Charging 0
Parking 0
Traffic congestion 0
LOCATION: 63
Close to 'the City' and financial institutions 30
Convenient location for all facilities 25
Good connections internationally 14
Good connections nationally 10
Close to airport 6
Close to Government 3
COST: *
The cost of property *
The cost of living 0
Taxes/Council Tax 0
Childcare costs 0
The cost of housing 0
BUSINESS: 41
Access to good quality employees 35
Our client base is in London 7
Job opportunities/better salaries/higher wages 1
Regulation 1
Business rates/Insurance premiums *
Key directors live in London *
OTHER: 31
Prestige 10
Good services/facilities/amenities 5
Overpopulated/overcrowded 3
English language 3
The mixture of people who live here 3
Good cultural facilities and restaurants 2
Time zone 1
Historical reason/have always been in London 1
Safety in London/Crime rates *
The range of housing available *
Other 7
160
Don't know 3
None of these/nothing 2

160

Q4 What key risks, if any, are there to doing business in London?
160 %
TRANSPORT / TRAVEL: 21
London Underground/the Tube 12
Buses/trains 11
Traffic congestion 7
Roads 3
Congestion Charging 2
Transport generally 1
Lack of parking *
Parking facilities *
COST: 32
The cost of living 17
The cost of property 16
Taxes/Council Tax 5
The cost of housing 5
Childcare costs 0
BUSINESS: 43
Business rates/Insurance premiums 16
Job opportunities/salaries/wages 10
Competition/retaining staff 5
Single currency/Not joining EU 4
Crumbling infrastructure 4
Lack of good employees 3
Strikes 2
Market conditions/economy 2
Increased regulation 1
Financial risk 1
Customers/Financial centre moving 1
Protests and demonstrations *
OTHER: 44
Threat of terrorism 40
Safety in London/Crime rates 2
Fall in tourism 1
Overpopulated/overcrowded 1
Services/facilities/amenities *
Cultural facilities and restaurants *
Aircraft noise *
The mixture of people who live here 0
The range of housing available 0
Other 3
160
Don't know 5
None of these/nothing 8

160

Q5 What, if anything, would you say are the two or three worst things about running a business in London?
160 %
TRANSPORT / TRAVEL: 58
London Underground/the Tube 29
Traffic congestion 27
Buses/trains 23
Roads 7
Infrastructure/transport system generally 3
Congestion Charging 3
Parking facilities 2
Lack of parking 1
The cost of transport 1
Commuting/travel distance 1
Aircraft noise 0
COST: 48
The cost of living 26
The cost of property 23
Taxes/Council Tax 6
The cost of housing 6
Childcare costs *
BUSINESS: 34
Business rates/Insurance premiums 16
Job opportunities/salaries/wages 11
Lack of good quality employees 4
Crumbling infrastructure 2
Joining euro/EU 2
Strikes 1
Increased regulation 1
The competition 1
Redundancy/staff turnover 1
Cost of running business *
OTHER: 17
Pollution 3
Overpopulated/overcrowded 3
Safety in London/Crime rates 2
Threat of terrorism 2
Services/facilities/amenities *
The range of housing available *
Stress *
The mixture of people who live here 0
Cultural facilities and restaurants 0
Other 7
160
Don't know 5
None of these/nothing 2

160

Q6 Over the past two years or so, do you think London has got better or worse as a place to run a business or has it stayed about the same?
160 %
Got better 12
Got worse 25
Stayed about the same 61
Don't know 2

160

>>: All those who think London has got worse a place to run a business (124).
Q7 Why do you say that?

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