London’s economy has taken a “swift and sizeable” hit from the coronavirus crisis

London’s economy has taken a “swift and sizeable” hit from the coronavirus crisis, according to a new report.

The London Chamber of Commerce said its research suggested that the hospitality sector had been particularly badly affected by the economic lockdown.

Business confidence was also at its lowest among the hospitality sector, with 80% expecting economic conditions in London to worsen over the next year, said the report.