BOE’s Dave Ramsden expects companies to ditch some London offices
Not all real estate will return to their old usage as working from home has become the new normal
08 November 2020 - 18:46
London — Some commercial real estate in the UK could end up being scrapped as companies decide they no longer need so much office space in the wake of the coronavirus pandemic, according to Bank of England deputy governor Dave Ramsden.
Referring to new office blocks in London’s financial centre, Ramsden said not all will go back to their old usage now that firms and employees have become used to working from home. The extent of the change could be reduced if an effective Covid vaccine is found soon...
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