London firms are splashing out £100million on staff parties over just two nights as the capital celebrates the biggest party season of the year.
Hotels, restaurants, clubs and bars will be full to capacity tonight as around one million workers down tools to celebrate ahead of the Christmas break.
Analysts today revealed that London companies had sanctioned between £80million and £100million on two massive party nights, last night and tonight.
The figure is down slightly on last year, when £120million was spent over the Thursday and Friday nights before Christmas, with the fall blamed on the credit crunch.
Companies have swapped huge company bashes for smaller departmental events, as well as sharing venues with other firms to cut costs. Many firms are moving their annual bash to January to secure a better deal
Source: Mail Online