Bank of England: workers can't all return to the office now – business live

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about the economic cost of Covid-19


6.12pm BST

Here’s a video clip of BoE official Alex Brazier explaining why MPs can’t expect a ‘sudden and sharp’ return of office workers to their desk, despite pressure from the government to dial back home working.

Will we see a sudden return to offices?

Alex Brazier from the Bank of England told us that we shouldn’t expect so, adding:

“We should expect a more phased return.”

Watch the full session on demand here:

5.23pm BST

Here’s a quick recap of the main points from the Treasury Committee hearing.

The Bank of England has warned MPs that it isn’t possible for all workers to return to their desks yet.

The first is people have a caution about the public health issues. I feel safe coming to work, but I quite understand why many people might not.

Public transport capacity is a related factor there.

That is a major issue for a great many parents. They have to feel that their children are being properly cared for, and that their children’s education is being taken care of.

Related: UK coronavirus live: government U-turn on Bolton and Trafford lockdown; Wirral records big rise in cases

Continue reading…

Source link