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Consider those who are no longer working from home...Listening in last week to someone on the next table at lunch. He works in the City, a firm with 35 employees. His office has been reorganised for social separation: capacity is now reduced to 11 people at a time. The staff are divided into 3 teams. Team A goes in on Monday, B on Tuesday, C on Wednesday. Thursday/Friday any staff who want/need to be in the office book in. So only a maximum of one third of staff are coming in on any one day. Put another way, commuting in this firm has been reduced by two-thirds. This is eerily similar to an analysis from Morgan Stanley’s research unit AlphaWise that shows that, to date, only 34% of staff in the UK who are able to to return to work have done so. Perhaps those predicting grid lock and pollution are reckoning workplace occupation (and thus commuting) will return to 100% pre Covid. That’s not going to happen – especially if you take into account the poor sods who will lose their jobs. Fewer people going to work, fewer commuting journeys.As an aside, I walked the length of Sloane Street last week. All the high fashion stores: Armani, Valentino, Gucci, Cartier, etc. Almost every shop was customer-free at middayish. Tumbleweed. Traffic on the Kings Road, Knightsbridge, Sloane Street was much much lighter than pre-Covid. There is a London-wide crisis of retail, perhaps a national one. It's not just Chiswick. In fact I'd think that Chiswick is doing - relatively - better than the West End.

Ken Munn ● 2274d