City centres could lose £3 billion due to permanent changes caused by Covid, new study reveals

  • In 2022 the average UK worker will be working from home 20 per cent more (one day a week) than they were prior to the pandemic, having huge consequences for retail and hospitality industries
  • City centres stand to lose £3 billion in revenue due to these changes
  • The study reflects the economic impact of the pandemic, with workers around the world taking advantage of the new found flexibility in working location from their employers
  • Approximately 77,000 hospitality and retail workers could be forced to relocate or lose their jobs completely
  • New work from home restrictions announced by government will exacerbate the negative impacts for the hospitality and retail industries
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.