What is the projected increase in remote work by 2025 in the UK?

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UK Remote Work Projected to Increase Fivefold by 2025

Working from home in Britain is anticipated to increase fivefold by 2025, a significant acceleration of a trend amplified by the COVID-19 pandemic. This projection stems from a study by Deloitte, which surveyed 90 financial directors from major British companies. The findings indicate that the global health crisis has induced fundamental and enduring shifts in business operations.
Widespread Expectation of Increased Home-Working

A substantial majority, 98 per cent of the financial directors surveyed, predicted a rise in home-working in the coming years. Furthermore, over three-quarters of these executives anticipate that the government's current directive for employees to work from home will persist through the first half of the current year. This suggests a broad consensus among business leaders regarding the continued prevalence of remote work arrangements.
Anticipation of Easing Restrictions

Nearly 60 per cent of the surveyed financial directors expect restrictions on attending physical workplaces to be permanently lifted during the third quarter of the year. This outlook is contingent on the continued progress of the United Kingdom's mass vaccination programme against Covid-19. The government's current measures, including a third national lockdown implemented this week due to a surge in infections, are scheduled for review in mid-February.
Broader Economic and Business Outlook

Beyond remote work, the survey also revealed expectations of increased personal taxes, with almost all chief financial officers anticipating this outcome. Additionally, nearly two-thirds foresee higher taxes on businesses and an expanded role for the state in the economy, a consequence of significant government interventions to support economic stability. Despite these challenges, CFOs expressed optimism about operating in a changing world, anticipating a return to growth this year, though many are maintaining reserves to mitigate prolonged lockdowns and business uncertainties.

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What is the projected increase in remote work by 2025 in the UK?

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