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Several key London attractions saw increased visitor numbers in 2008, despite the economic downturn.
The British Museum proved to be the most popular, with 5.9m visitors, an increase of almost 10% over 2007.
But the Association of Leading Visitor Attractions (ALVA) said many of its members were anticipating a difficult year in 2009 [...]

A board of ten to twenty City professionals is to be drawn up to promote London as a world financial centre in response to the credit crunch and economic downturn.
The decision to create the new body, with the working title of the Financial Services Board, was taken in parallel by the City Corporation and a [...]

The Government today announced a new scheme to help people who suffer a temporary loss of income stay in their home.
The new Homeowner Mortgage Support Scheme will enable households that experience a significant and temporary loss of income as a result of the economic downturn to defer a proportion of the interest payments on their [...]

Speaking at the London Development Agency’s (LDA) annual public meeting the Mayor welcomed the LDA’s planned £23m package of public sector support, which will be available for small to medium sized businesses in the capital from December.
The measures include a funding package of more than half a million pounds, with which the LDA is backing [...]

Citigroup is to shed 52,000 jobs - in addition to 22,000 announced previously - with losses falling “particularly heavily” in London and New York.
Around half of the 52,000 posts are understood to already be accounted for with the previously announced sale of Citigroup’s German retail banking business and Indian outsourcing arm. The remainder will be [...]