Working from home 'costs central London £2.3bn' Working from home 'costs central London £2.3bn'
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  1. #1

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    Default Working from home 'costs central London £2.3bn'

    There's a interesting conversation going on in BBC. Yes conversation, now that BBC has realised, adapted and improved their comment section.

    Coronavirus: Working from home '''costs central London GBP2.3bn''' - BBC News

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    Certain the business will return, it'll just be 12-24 months before it does.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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    Some of the places rely on tourists and regardless of whether people went back to work in offices or not, there wouldn't be any tourists so there would still be a spending short fall.
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    Quote Originally Posted by scooterscot View Post
    Certain the business will return, it'll just be 12-24 months before it does.
    Although some of it will return to Paris, Frankfurt and Dublin if the No Deal trajectory continues.
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    Quote Originally Posted by scooterscot View Post
    Certain the business will return, it'll just be 12-24 months before it does.
    I think that will be too late for many businesses to survive unless the government keeps launching new support schemes.

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    Quote Originally Posted by BigDataPro View Post
    Yes conversation, now that BBC has realised, adapted and improved their comment section.

    [/url]
    About 20 years after everyone else.

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    Quote Originally Posted by edison View Post
    I think that will be too late for many businesses to survive unless the government keeps launching new support schemes.
    Agreed. They need to close and stop draining the cash that remains.

    Continue borrowing from future generations is like grave robbing in reverse. Just cause the living don't need it now is not a defence.
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    Quote Originally Posted by edison View Post
    I think that will be too late for many businesses to survive unless the government keeps launching new support schemes.
    They would have to start launching schemes which actually support though which I doubt will happen, so in 6 months there'll be feck all to go back to.

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    Default I wondered where the dinosaurs had gone...

    I imagine it (loss of revenue) barely dents anyone's income other than overly rich landlords and sadly the very local shopkeepers who are independents.

    Working from home has been 'a thing' for the last 20 years and massively on the rise before Covid. The acceleration was inevitable anyway as long as the environment was at the forefront of government's minds.

    Companies who weren't letting workers work from home have adapted very well and very quickly and probably are now realising they don't need office space any more. The no more office space will be the biggest loss of revenue for landlords.

    Companies who don't allow home working are ultimately dinosaurs and will lose workers very quickly to more forward thinking companies.

  10. #10

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    The core property of most UK cities is made up of companies that have been bribed to open offices with regional development grants.

    The office was already uneconomic and we've been propping up this system for years. It's going to get really bad soon for cities.

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