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The Governor of the Bank of England has put himself at odds with Chancellor Rishi Sunak by ditching a requirement for his staff to work in the office for at least one day a week.
Despite calls by Mr Sunak for people to return to traditional working patterns, Governor Andrew Bailey has told workers they will not be compelled to abandon their working from home habits.
The move has angered many City workers – including some frustrated staff at the Bank of England – who argue that they are losing dealmaking and networking opportunities, with younger workers missing out on mentoring by their more experienced colleagues.
Mr Bailey, who took up his post last year, had originally said that staff at the Bank would be expected to adopt a ‘hybrid’ working model
Even the Bank of England itself has warned about the long-term effects of home working
Mr Bailey, who took up his post last year, had originally said that staff at the Bank would be expected to adopt a ‘hybrid’ working model, coming into its Threadneedle Street offices one day a week and participating in meetings remotely from home the rest of the time.
But last week his workers were told that attendance even just one day a week would not be enforced.
