City of London expects most workers to return after a pandemic

London — The city’s financial center, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after a pandemic, city politics. The leader said on Tuesday.

Catherine McGuinness, policy chairman of the City of London Corporation, is confident that trade will return to BBC Radio to cafes, pubs, restaurants and other companies that normally rely on packed office workers. Said that.

But as a result of the pandemic, there will probably be changes in the way people work.

“What people are telling us is that they expect their central office base to remain at the core of their business.

“We are not yet completely clear what that means in terms of the overall footprint.”

London dominates the world’s $ 6.6 trillion daily forex market. It is the largest center of international banks and the second largest fintech hub in the world after the United States.

McGuinness said the developers are replanning a new building in Citi, home of the world financial giant.

“We’ve already witnessed a growing interest in planning applications to secure office space in the city. So far this year, I think it’s 80% of all the applications we’ve seen last year. “She said.

“So, continued interest and continued commitment to that office space is another way to use it.”

According to a survey released last week by accountant KPMG, most major global companies have no plans to reduce office space use after the pandemic, but few expect their businesses to return to normal this year. ..

The CEO of the New York-based Goldman Sachs Group wants thousands of employees, mostly teleworkers, to work in the office again by this summer since the pandemic began earlier this month. Said.

However, the UK National Building and Loan Union and Santander UK have reduced their office space.

Nationwide, he told all 13,000 office-based staff to work from anywhere in the country and said last week that he would not renew his three office leases in his hometown of South West England, Swindon. ..

Santander UK plans to close four offices in Bootle, Newcastle, London Portman House and Manchester Deansgate and relocate its headquarters from London to Milton Keynes.

By William Schomberg

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