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Economy

City of London Suffers Crushing Blow from Second Lockdown | Financial Times

Source: https://huq.io/press/city-of-london-suffers-crushing-blow-from-second-lockdown-financial-times/

Catherine McGuinness, chair of policy at the City of London Corporation, which governs the financial district, warned of “a bleak winter”. She said: “People have been steadily coming back to the City but this plateaued in September and will now drop off.”

By Thursday morning, after the restrictions had come into effect, the City’s foggy streets were deserted, with shops, restaurants, gyms and bars ordered shut. Chains are keeping most outlets open for takeaways even with fewer customers to serve from nearby offices, although Pret A Manger is among those cutting back, with plans to shut about seven City outlets.

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