Daily Management Review

Bank of England: Financial sector employees will not be able to quickly and massively return to offices


The Bank of England believes that employees of financial companies and banks will not be able to quickly return to their offices as the British government wants, due to the current security regulations due to COVID-19. This opinion was expressed on Wednesday by the executive director of the Bank of England for financial stability and risk Alex Brazier.

Stephen Richards
Stephen Richards
"With the COVID-19 safety regulations in place, it is impossible to use office space, especially in central London and similar places, with the intensity with which they were previously used. So in fact, it is impossible to immediately return (to the workplace) many people," he said, speaking to the Finance Committee in the UK Parliament.

"I don't think we can expect a large number of people to suddenly and abruptly return to the very dense office environment that we are used to. We should expect a more phased return depending on the public health data we see in the coming weeks and months." - he noted.

The UK government is expected to unveil a program to reactivate citizens in the workplace this week. Thus, the authorities intend to strengthen the pace of economic recovery and increase the profitability of public transport.

source: ft.com