Ex-CBI adviser says economy will not return to pre-pandemic size until 2025 if home working continues
The UK economy could lose almost half a trillion pounds of output if workers fail to return to their offices, a study estimates.
Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, has warned the economy will not return to its pre-pandemic size until 2025 if home working continues in its current form, which would add up to at least £480bn in lost activity.
Continue reading…Ex-CBI adviser says economy will not return to pre-pandemic size until 2025 if home working continuesCoronavirus – latest updatesSee all our coronavirus coverageThe UK economy could lose almost half a trillion pounds of output if workers fail to return to their offices, a study estimates.Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, has warned the economy will not return to its pre-pandemic size until 2025 if home working continues in its current form, which would add up to at least £480bn in lost activity. Continue reading…
