City of London workers stream back to the office after false starts

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Trains have been at their busiest since the pandemic started, while employees have thronged the streets again

On the lower floors of HSBC Holdings’ Canary Wharf headquarters, the desks are filling up.

While New York’s reopening is being stymied by a surge in cases of the Delta variant of the virus, London’s own spike receded over the summer. Though daily Covid-19 infections remain relatively high in the UK — with more than 200,000 new cases reported last week — the government regards the current pressure on the NHS as manageable and is touting a new phase of the pandemic with more individual choice and freedom.

Across the City of London, foot traffic was estimated to be 31% of the prepandemic norm on September 1, according to an analysis by Orbital Insight, which monitors activity levels through satellites and mobile phone data. In Canary Wharf, office worker footfall is at 25%. Both are the highest since the days before the pandemic.

That uptick is good news for the vast urban economy of restaurants, shops and bars for so long underpinned by the half-a-million commuters that used to enter the City every weekday.

 

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