• Valuing land before and after COVID

    18 October 2021

    Taking into account the higher rates of pay typically enjoyed by those who are able to work from home, we estimate that, during the early stages of COVID-19, close to 50% of UK GDP was being produced in private homes. To me, that statistic is still remarkable. Among many other things, the pandemic taught us that there is a category of work, including more or less all office-based work, that can be carried out remotely. We can debate the extent...

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