Close to home: Demand for city centre offices drops as hybrid working picks up June 16, 2021 Suburban office markets outperformed city centres for the first time in ten years, with six out of nine major cities seeing a drop in workstation rates. Research published today found demand was driven by workers rejecting both working from home and returning to crowded cities. The shift to smaller towns was also influenced by companies [...]
City may never be the same as five-day-a-week commute ends, says former Bank of England deputy March 29, 2021 Home working is here to stay and the end of the five-day-a-week office commute will change the shape of London dramatically, according to former Bank of England deputy governor Sir Charlie Bean. The switch will impact the economy “in ways we don’t fully foresee”, the former deputy governor for monetary policy at the Bank said [...]
Oil prices maintain recovery amid US inflationary pressures and defiant Omicron outlook December 13, 2021 Both major oil benchmarks consolidated last week’s mini-rally with rising inflationary pressure in the US and increasing Omicron optimism.
If London is the heart of our economy, more TfL fare rises will cut off the blood supply February 15, 2022 From March, every bus or train journey within Zone 1 will go up 10p, after Sadiq Khan announced yesterday that Transport for London fares would rise by almost 5 per cent. For Londoners, this means the average 3-day-a-week commute will go up by £30 a year, on top of rising food and energy prices. It [...]
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.
Sainsbury’s tells staff to delay Christmas parties until next year as UK Omicron cases top 300 December 6, 2021 Sainsbury’s staff have been asked to delay their Christmas get-togethers until next year amid fears of staff shortages. The request came following the return of mask rules to shops and public transport networks last week, following the arrival of new coronavirus variant Omicron in the UK. “We have asked all of our teams to postpone [...]
Technology jobs benefit from biggest salary increases as economy rebounds from pandemic November 22, 2021 Technology roles dominate Hays' top 20 list for the highest salary rises over the past 12 months as the economy recovers from the pandemic.
Election 2024: Starmer and Reeves plan green belt house building blitz June 30, 2024 Sir Keir Starmer and Rachel Reeves are planning a housebuilding blitz, including asking councils to review green belt land, in their first days in office.
Exclusive: Labour invites developers to work in ‘lock step’ on house building June 7, 2024 Labour has invited businesses to work in “lock step” with the party to deliver 1.5m new homes over the next five years.
Drift to office slows as workers put off by Covid concerns October 26, 2021 A return to the office has appeared to have stalled as London’s office hubs marked a drop in footfall last week. Retail experts Springboard found that footfall declined by 4.2 per cent in areas in central London dominated by offices in the week beginning October 17. The ‘Back to the Office’ benchmark metric suggests that [...]