The pandemic-fuelled switch to more working from home and other flexible work arrangements is blamed for the trend.
LONDON - The City of London financial district, one of the world's leading business hubs, has lost one in seven of its bars and restaurants since the pandemic.
The pandemic-fuelled switch to more working from home and other flexible work arrangements is blamed for the trend, with some London residential areas registering far fewer closures as remote workers utilise premises there. It found that the number of such closures in the City -- which is known as the Square Mile, due to its size -- were higher than in the business districts of other major UK cities, such as Manchester or Edinburgh.
"However, shifts in working patterns are going to be permanent for many, and this has led to a sustained impact on the centre of the capital."
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