Economics

There are estimated to be more than 674,000 businesses in London, of which 255,000 are registered for VAT, 28% of those VAT registered businesses are located in the London Thames Gateway area.

At the London level, 3.5% of businesses have an annual turnover of greater than £5 million. Within London Thames Gateway, the top four business sectors (measured by number of VAT registered businesses) are real estate, wholesale and retail, construction, and manufacturing, with logistics and financial services also ranking highly. The overall economic conditions in London and the UK, with sustainable growth in recent years and positive economic growth forecasts for the future, make the capital one of the most attractive locations to do business and why so many companies have chosen to locate in London Thames Gateway.

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