Working from home may be bigger test for City of London than Brexit

City workers are executing a clumsy hokey cokey in response to the government's reversed guidance on returning to offices. The longer it continues, the worse the damage will be to the City of London as a financial centre. City firms will interpret government guidance in different ways. Property adviser Ingleby Trice reckons the square footage of newly rented office space in the City come August had dropped to about a tenth of what it was compared with the average monthly rate last year. The City has done a good job of keeping going through the crisis.

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