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Home Central Banks / Central Bank Events

BoE staff to work at least 1 day a week from office from September

Reuters old by Reuters old
5 July 2021
in Central Banks / Central Bank Events, Economic News, England, Finance, Financials, National Government Debt, Old COVID, Old Economy, Old Europe, Politics Expansions, Real Estate Markets, UK, United Kingdom, Western Europe, Workforce
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BoE staff to work at least 1 day a week from office from September

FILE PHOTO: Workers emerge from Bank underground station with the Bank of England and Royal Exchange building seen in the City of London financial district, London, Britain

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LONDON (Reuters) – The Bank of England has asked its staff to work at least one day a week from its offices from September, an official said on Monday as Prime Minister Boris Johnson announced England was set to end social and economic COVID-19 restrictions from July 19.

Joanna Place, the BoE’s chief operating officer, said the central bank was expecting that over time staff would spend three or four days a week on average in their workplaces, and one or two days working from home.

“My own personal view is that the pull of the office might be a bit bigger than we anticipate,” Place said in a speech given to the Investment Association.

Many banks and other employers based in the United Kingdom are trying to work out how to manage the return of staff to their offices as coronavirus restrictions ease.

Barclays has said it will adopt a hybrid working model, and will reduce its real estate footprint but maintain its main offices in London and New York.

Johnson said on Monday the government was aiming to end restrictive measures in two weeks’ time, dropping the instruction to work from home among other relaxations.

(Writing by William Schomberg, Editing by William Maclean)

tagreuters.com2021binary_LYNXNPEH640TC-VIEWIMAGE

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