New figures have questioned London’s recovery from the pandemic, with about half of workers still avoiding returning to the office.
At the end of September, the number in the capital was only half the level before Covid, according to the Center for Cities. It is the lowest in the country, with Luton and Slough airport hubs also in the bottom five.
In total, the think tank’s measurements increased on weekdays from 60 at the end of August to 67 last month in 63 cities, despite hopes of a more widespread return to the office.
Asian markets rose mostly on Thursday morning before China said factory inflation in September had reached its highest level in a quarter of a century due to rising raw material costs and strong demand when economies reopened. Tokyo, Sydney, Seoul, Wellington, Taipei, Manila and Jakarta all rose while Shanghai flipped between positive and negative territory. After the surprise policy, Singapore dipped sharply by the city’s central bank.
Coming up today
Trade update: Dunelm, Hays, National Express, Rank Group, Domino’s Pizza
Economy: RICS household balance sheet (UK), inflation (China), producer price index (USA), unemployment claims (USA), Bank of England credit terms