Four-day workweek could boost High Street by £58 billion

A four-day working week could boost High Street revenue to the tune of £58 billion, according to new research by Parcelhero.

A 3-day weekend would lead consumers to increase spending in local High Street stores and restaurants by up to 20 per cent from £290 billion to £348 billion.

The majority – 64 per cent - of UK adults support the idea of a four-day workweek according to statistics from market researcher Survation cited by Parcelhero.

Parcelhero also cited statistics from campaigning group Platform London, which found shifting to a four-day working week without loss of pay would reduce the UK’s carbon footprint by 21.3 per cent by 2025.

Parcelhero also claimed that a four-day workweek could help alleviate the current driver shortage, citing logistics company Walkers Transport which recently launched a four-day working week, a move it said helped them attract more drivers.

‘The Scottish Government has already announced a £10m fund to help businesses explore the benefits of a four-day week,” said head of consumer research at ParcelHero David Jinks. “Westminster should seriously consider supporting the change.”

He added: “Admittedly, it’s counterintuitive to think that, by working less hours, the UK economy will expand but, over the past year, we have already seen how swiftly work practices can evolve to meet new challenges.”

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