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By Bay Estate Agents
As we near the end of week four of lockdown, attention continues to shift to an exit strategy. An independent report that recommends how to ease the economy out of the Coronavirus crisis has emerged, suggesting that estate agents should be one of the first business sectors to resume trading.
The report has been submitted to ministers as they seek advice on ways to strike a balance between preserving the nation’s health and regenerating the economy. This comes before an expected extension to the lockdown, likely taking the restrictions up to May 7th.
Written by Conservative peer Lord Ghadia and GlaxoSmithKline’s chairman Sir Jonathan Symonds, the report notes that estate agents are one of the groups of businesses who have the widest potential impact as economic revival ‘multipliers’ but with minimal risk of spreading infection among the population further.
Estate agency branches re-opening would be joined by restaurants and coffee shops as the government tries to prepare the population to ‘learn to live’ with Covid-19 in the coming months prior to a vaccine being developed in approximately 18 months’ time. It is also likely that primary schools will be allowed to re-open on May 11th.
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