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City of London

Banks Dust Off Lockdown Plans to Beat Possible Power Blackouts in London

  • Plans include shifting to offsite locations and home working
  • Energy crisis encouraging possible power shortage preparations

Some of the world’s largest banks are dusting down their lockdown contingency plans to guard against possible power outages in London this winter.

Banks are holding regular joint talks and revisiting plans to use offsite locations or encourage home working, according to the trade body UK Finance, which is coordinating the discussions. Firms are also studying the experience of South Africa, where rolling power cuts are part of daily life.