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IWG (IWG)

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Share Price:
283.20p
Change Today:
6.40p
Market Cap:
2,848.25m

Four out of five staff in UK cities have not returned to workplace

By Caoimhe Toman

Date: Thursday 27 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Only 17% of workers in British cities had returned to their workplaces by early August revealed the latest data from the Centre for Cities.

The rest have remained working from home which could underscore the challenge for Prime Minister Boris Johnson to steer the country away from its coronavirus shutdown.

The Centre for Cities said the data, based on mobile phone signals, showed no increase in workers going to city centres between late June and the week starting 3 August.

Johnson had encouraged workers to go back to their workplaces to help the economy recover from its 20% contraction that occurred during the lockdown.

"The costs of office closure are becoming clearer by the day," Carolyn Fairbairn, director-general of the Confederation of British Industry, an employers group, said.

"Some of our busiest city centres resemble ghost towns, missing the usual bustle of passing trade. This comes at a high price for local businesses, jobs and communities," she wrote for the Daily Mail newspaper.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IWG Market Data

Currency UK Pounds
Share Price 283.20p Price Up
Change Today +6.40p
52 Week High 469.00p
52 Week Low 114.00p
Volume 81,426
Shares Issued 1,005.74m
Market Cap 2,848.25m

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