Investors on red alert as government speeds up exit of 3 million square feet of London offices

The government has announced a major acceleration of its Whitehall Campus Programme, which aims to reduce the central London government estate by 55% and create a campus of shared workspaces across the country. It is committing to cutting the number of roles in London by another 12,000 by closing 11 offices in the capital to save £94 million a year by 2032.