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400k high street roles at risk

400k high street roles at risk

A shift toward online shopping and remote working amid the coronavirus crisis could see more than 400,000 high street jobs lost, new analysis suggests, with towns in the London commuter belt said to be most at risk. The study forecasts that offices will largely become "collaboration hubs", with this likely to reduce the flow of commuters into towns and cities by between 10% and 27% compared to pre-pandemic levels. This will hit retailers and restaurants in town centres, with many of these dependent on commuters for sales. High streets could lose between 20% to 40% of their shops, cafes and other businesses, with this affecting up to 5% of the local workforce.

Read more: The Independent


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