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Home Economy

London Banks Prepare For Possible Blackouts

by Zero Hedge
September 26, 2022
in Economy
London Banks Prepare For Possible Blackouts

Banking and financial firms in London are closely studying and updating contingency electricity supply plans to protect themselves and their customers in case power outages hit the UK this winter. Some banks are discussing the idea of again encouraging the work-from-home policies from previous Covid lockdowns or using offsite locations, representatives of the trade association UK Finance, coordinating the talks, told Bloomberg .

The UK and the rest of Europe are preparing for potential blackouts this winter, especially if the weather is colder than usual and gas and power shortages strain the grids. Governments in Europe are asking people to […]

Read the rest of this story here: www.zerohedge.com

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