Home Business news No return of workers to offices ‘could cost UK economy £480bn’

No return of workers to offices ‘could cost UK economy £480bn’

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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…