Google and Apple investing £8bn in UK offices

There has been more terrible news for the economy this week with the announcement of a £1bn investment by Google and a £7bn investment by Apple in new London headquarters to house 3,000 staff each.

Google is building a new 10 storey, 650,000ft² office next to its existing offices in Kings Cross. Tech City UK - a government quango - put out a press release on the day of the EU referendum claiming that Google could relocate out of the UK if we voted to leave.

Meanwhile, Apple is taking 500,000ft² of floor space in the former Battersea Power Station to replace its existing 7 offices in the capital.