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The London Assembly Economy Committee wrote to the Mayor on the current economic issues facing our city. London’s economy and industries are at a critical juncture. With vaccines being rolled out there is hope at the end of a very challenging year for many, and a return to some kind of normality is on the horizon. However, a low Christmas trading period has left many retail and hospitality businesses in a perilous position during a very testing time, and now with a third national lockdown to add to the mix, the chance of a January recovery has been stifled.
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