11 May, 2020
Back to work?
Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
Call for clarity
Business groups are demanding guidance following prime minister Boris Johnson’s announcement on Sunday evening that people should return to work if they can't do their job from home. The British Chambers of Commerce boss says "businesses need their practical questions answered so they can plan to restart, rebuild and renew."
Post-lockdown property splurge
Home buyers in London could be set to spend £52 billion on property once the lockdown is lifted. Many sales fell through when the pandemic struck so there’s a lot of pent up demand, according to property firm Knight Frank. Its data shows an uptick in the number of new buyer registrations, suggesting people are starting to think about life after lockdown.
Not just GDP
80% of people want the government to prioritise health and wellbeing over economic growth during the coronavirus crisis, and 60% want that to continue after it has subsided. This week we’ll find out the UK’s GDP figures for the first three months of 2020, and they’re likely to show a decline. But the new data from campaigning group Positive Money suggests that economic indicators shouldn’t be the whole story.
Kitchen table overtime
People working from home are putting in an average of 28 hours of overtime a month. A survey by LinkedIn and The Mental Health Foundation found that at-home workers are starting earlier and logging off later, now that there’s no need to commute. Experts have warned that stress and longer hours could put people at risk of burnout.