UK workers could gain back £4,168 a year with permanent homeworking

  • Unpaid commute and car costs would see workers save up to £6,800 a year, according to a new study from money.co.uk.

    The research also suggested that workers could gain back an average of £4,168 of their time if they switched to home working permanently for a year.

    Analysing average commuting time and salaries across UK regions, the comparison service found that lockdown and home working is saving workers an average of 57 minutes a day in unpaid commute time, equating to £272.95 a month in unpaid work.

    This would suggest that UK workers undertake £4,168 a year on average in unpaid commute time.

    The study comes as a new survey of just under 1,000 firms by the Institute of Directors (IoD) shows that 74% plan on maintaining the increase in home working.

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    According to the money.co.uk findings, lockdown has seen more than three quarters (76%) of motorists reduce their annual mileage, with the average mileage of UK drivers falling from 8,000 miles a year to just 3,000.

    With the average cost per litre of fuel now sitting at 114p, and an average UK MPG of 35 miles per gallon, that means on average, drivers can expect to save £742 a year on fuel costs, or £371.50 if lockdown continues over the next six months.

    The reduction in annual mileage could also see UK drivers save on their insurance premiums, with research from money.co.uk finding an average savings of £150 to be had for drivers cutting their journeys.

    RELATED: Over 40% of NI employers expect to keep workforce partly remote using a hybrid work model

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