No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

SFO to pay staff extra commuting costs after Canary Wharf move

by
October 8, 2026
in Investing
0
SFO to pay staff extra commuting costs after Canary Wharf move
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Serious Fraud Office (SFO) will reimburse staff for the extra cost of commuting to its new headquarters in Canary Wharf for three years, with no cap on how much employees can claim, according to documents released under a freedom of information request submitted by Bloomberg.

The government department is moving its 680 employees from Westminster to Canary Wharf, less than 15 minutes away on the Jubilee line, by early 2027. It has told staff it will pay the difference between the cost of their current commute and their new journey to east London.

All employees who have worked for the SFO since at least 1 April are eligible for the reimbursement, except for a handful of senior directors, the documents showed.

Full-time SFO employees are asked to go into the office twice a week. Most of the UK civil service must work from the office at least three days a week.

A peak-time single fare between Westminster Underground station and Paddington or Euston costs £3.10, according to Transport for London, while the fare to Canary Wharf is £3.60. On those fares, the additional cost of travelling to Canary Wharf instead of Westminster is 50p a journey.

An SFO spokesman said: “We are looking forward to moving to Canary Wharf into accommodation that supports our operational needs as we continue our important work tackling serious fraud, bribery and corruption. The excess fares allowance supports eligible staff during this transition.”

The SFO announced in November 2025 that it would relocate to Cabot Square in Canary Wharf. The move is due before the end of this financial year, which runs until March 2027.

The department has been based at the Canadian High Commission in Cockspur Street, around the corner from Trafalgar Square, since 2012, according to that announcement. Leasing agents expect the new office to be much cheaper than the current headquarters.

Graham McNulty, the SFO’s chief operating officer, said at the time of the announcement: “This move will be an investment in our future, providing accommodation that supports our unique operational needs as we continue our important work tackling serious fraud, bribery and corruption.”

The SFO said funding for the move was agreed in the Spending Review in 2025. The Cabot Square building is already a base for the Competition and Markets Authority, which has been in Canary Wharf since 2019, and the Office of Rail and Road.

Canary Wharf is about five miles from central London and is home to large banks and other financial services companies.

The SFO’s allowance comes as other employers face objections from staff over office attendance. Thousands of employees at Barclays sent an open letter to the bank’s management last month demanding a one-off “time-in-office payment” or exemptions for staff living more than 40 minutes away. The bank had told them they needed to be in the office three days a week, up from two.

Several leaders of white-collar businesses have set out publicly why they favour in-office working, including Jamie Dimon, the chief executive of JP Morgan, and Satya Nadella, the chief executive of Microsoft.

Over the summer EY, the Big Four accounting firm, reminded its junior workers about “the importance of meaningful time spent together” for their development, particularly of softer skills such as presenting to and interacting with clients.

Revolut said in June that it would require graduates and interns to spend three days a week in the office from 2027, while leaving its remote-first policy unchanged for other staff. Citigroup took a different position in February 2025, when its chief executive, Jane Fraser, told managing directors that staff could continue working remotely up to two days a week.

Read the full article →

Previous Post

Mises, the Timeless Scholar

Next Post

Tesco raises profit forecast and lifts share buyback to £950m

Next Post
Tesco raises profit forecast and lifts share buyback to £950m

Tesco raises profit forecast and lifts share buyback to £950m

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Pibit.AI raises $7m Series A to bring trusted AI underwriting to the insurance sector

    Pibit.AI raises $7m Series A to bring trusted AI underwriting to the insurance sector

    November 20, 2025

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Mises, the Timeless Scholar

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    New Bonded Warehouse Facilities Launched in Immingham

    0

    From Corporate Burnout to High-Performance Coach: Anna Mosley’s Inspiring Journey with ‘Eighty’

    0

    Repeal the Jones Act

    October 8, 2026
    New Bipartisan Bill Expands 529s to Increase Flexible Savings

    New Bipartisan Bill Expands 529s to Increase Flexible Savings

    October 8, 2026

    Still the State’s Greatest Enemy

    October 8, 2026
    Tesco raises profit forecast and lifts share buyback to £950m

    Tesco raises profit forecast and lifts share buyback to £950m

    October 8, 2026

    Recent News

    Repeal the Jones Act

    October 8, 2026
    New Bipartisan Bill Expands 529s to Increase Flexible Savings

    New Bipartisan Bill Expands 529s to Increase Flexible Savings

    October 8, 2026

    Still the State’s Greatest Enemy

    October 8, 2026
    Tesco raises profit forecast and lifts share buyback to £950m

    Tesco raises profit forecast and lifts share buyback to £950m

    October 8, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2026 smartinvestmenttoday.com | All Rights Reserved