BoE staff to work at least 1 day a week from office from September By Reuters

Fed Decision: Rates Could Keep Moving Upward as Markets Price in Higher-For-Longer

BoE staff to work at least 1 day a week from office from September

Published Jul 05, 2021 03:42PM ET

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BoE staff to work at least 1 day a week from office from September

© Reuters. FILE PHOTO: Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange building (R) seen in the City of London financial district, London, Britain, January 25, 2018. Picture taken January 25, 2018. REUTERS/Toby Melville

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LONDON (Reuters) - The Bank of England has asked its staff to work at least one day a week from its offices from September, an official said on Monday as Prime Minister Boris Johnson announced England was set to end social and economic COVID-19 restrictions from July 19.

Joanna Place, the BoE's chief operating officer, said the central bank was expecting that over time staff would spend three or four days a week on average in their workplaces, and one or two days working from home.

"My own personal view is that the pull of the office might be a bit bigger than we anticipate," Place said in a speech given to the Investment Association.

Many banks and other employers based in the United Kingdom are trying to work out how to manage the return of staff to their offices as coronavirus restrictions ease.

Barclays (LON:BARC) has said it will adopt a hybrid working model, and will reduce its real estate footprint but maintain its main offices in London and New York.

Johnson said on Monday the government was aiming to end restrictive measures in two weeks' time, dropping the instruction to work from home among other relaxations.

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