The shift to hybrid working since the Covid-19 pandemic risks undermining London’s position as a hive of creativity and economic productivity, a leading urban policy think-tank has warned.
With office attendance in the capital at about 60 per cent of pre-pandemic levels, the Centre for Cities said it expected a hit to the economy from the reduction in workplace interactions. Some academic studies have shown such interactions lead to increased output.
“Policymakers should be wary that we don’t passively let a public health emergency turn into a longer-term negative impact on the economy,” said Andrew Carter, chief executive of Centre for Cities, which on Wednesday released a report on the effect of homeworking.
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