Home working could cost UK economy £15bn a year, PwC warns September 6, 2020 Home working could cost the UK economy up to £15.3bn a year due to the knock-on effect on office cleaners and security guards as well as nearby cafes and coffee shops. The latest research by accountancy firm PwC showed that the one per cent drop in GDP would be caused by a cut in spending [...]
Pret a Manger boss says shift to home working will become permanent September 4, 2020 The boss of sandwich chain Pret a Manger said the shift towards home working during the coronavirus pandemic will become permanent. Pano Christou, who was appointed chief executive in September last year, said workers will come into the office less often than they did before the Covid-19 crisis. Christou said Pret needs to adapt to [...]
Pret a Manger launches coffee subscription to battle lockdown sales slump September 4, 2020 Pret a Manger has announced it will launch a coffee subscription service as the coronavirus pandemic continues to challenge the cafe chain’s business model. Pret, which has announced 2,300 job cuts due to the Covid-19 crisis, said the £20-per-month subscription is the first step in its “new digitally-led, multichannel strategy”. The initiative, which will launch [...]
Can office workers save the day for local businesses ravaged by Covid-19? September 2, 2020 The sudden shift to remote working put in place by the majority of UK businesses may herald the end of the office, at least as we know it. Five months and multiple government campaigns later, and the shift to the kitchen table continues, seemingly unabated. According to a survey from US bank Morgan Stanley, just [...]
BP to sell London headquarters as work patterns shift August 30, 2020 BP is reportedly planning to sell its headquarters in central London, becoming the latest employer to signal a permanent shift in its working patterns. The oil giant employs 6,500 staff across its offices in the capital and in Sunbury-on-Thames in Surrey. It plans to rent back the building from the new owner for up to [...]
Business groups cautiously welcome government’s back to work campaign August 28, 2020 UK business groups have welcomed the government’s back to work campaign with some caution, calling for more guidance and government incentives. The government will launch a major media campaign next week to promote the advantages of returning to work and reassure employees about safety measures. It comes after a swathe of major City firms announced [...]
Exclusive: Majority of companies will allow staff to work from home August 28, 2020 The vast majority of UK companies will continue to give employees the choice to work from home, as the pandemic triggers a structural shift in working patterns, according to an exclusive survey for City A.M. The outbreak of coronavirus forced an overnight move to remote working, with the majority of firms closing their doors [...]
Pret a Manger to axe 2,800 jobs as sales fall to lowest level in a decade August 27, 2020 High street stalwart Pret a Manger said today that it would cut 2,800 jobs as a result of the coronavirus pandemic, which has seen sales drop to levels last seen a decade ago. The announcement comes after Pret earlier this year revealed that it would not reopen 30 of its restaurants after the lockdown ended. [...]
UK firms cut more than 106,000 jobs amid coronavirus pandemic August 19, 2020 The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
London calling: Why it’s time to bring life back to our city’s streets August 10, 2020 Despite a tentative easing of the national lockdown, the lingering economic and social consequences of this policy are frighteningly obvious to anyone venturing into central London. While social life and economic activity has, to a large extent, returned to the outer zones and suburbs, the offices and shops of London’s professional districts remain eerily and [...]