Barclays to Cut 25% of its Office Space in London

[kreslik.news]

Many leading lenders and banks in the UK insist that they are not jumping ship on London – however actions generally speak louder than words and Barclays has cut 25% of its office space in the city, which amounts to nearly 5,000 desks, according to a Bloomberg report.

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Several factors are at work here, namely the immediate influence in the aftermath of the Brexit vote, which has triggered wide changes in the prices of offices in London. In addition, vacancy rates and building prices have ... (read more)