BoE scraps requirement for staff to be in the office weekly from September By Reuters

0
23
© Reuters. FILE PHOTO: A person walks past the Bank of England in the City of London financial district, in London, Britain, June 11, 2021. REUTERS/Henry Nicholls/File Photo

LONDON (Reuters) – The Bank of England on Tuesday said it would no longer require staff to come back to the office at least once a week from September, citing health concerns among of some of its employees.

British Prime Minister Boris Johnson has reopened England’s economy, but decisions by employers over whether – and how quickly – to mandate the return of workers to offices could have a big impact on the pace of recovery from the COVID-19 slump.

Britain is reporting around 40,000 new cases each day, a figure that could rise as the return of pupils to school after the summer break contributes to the spread of coronavirus.

In July, the BoE’s Chief Operating Officer Joanna Place said that every employee would be asked to work in the office at least one day per week from September.

But the Bank of England on Tuesday said that, while there was an “expectation” that staff would be “physically present in the workplace at least one day a week and generally more” from next week, it would now no longer be mandatory.

“What has changed is that we don’t feel the moment is yet right for us to require our staff to return to the office where, for a number of reasons, some might in the current environment have genuine and valid health concerns about doing so,” the Bank of England said in a statement.

“This will be kept under close review with a view to making the expectation a requirement as the situation evolves.”

The BoE said a quarter of its London staff were in the office at least one day last week, while adding that offices in some other parts of the country were at pre-pandemic occupancy levels already.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.