Crossrail’s 2021 delay to cost TfL an extra £1bn in lost revenue, says Moody’s May 1, 2019 The delay to Crossrail until 2021 will cost Transport for London (TfL) £1bn in lost revenue, according to influential rating agency Moody's. The £1bn figure is between £300m-£400m more than TfL had forecasted in its 2018 business plan, published after the announcement in the summer that the £17.6bn railway would not open that December as planned. Read [...]
US ready to take military action in Venezuela, says secretary of state Mike Pompeo May 1, 2019 The United States is prepared to take military action in Venezuela, US secretary of state Mike Pompeo said during a television interview today. Read more: Venezuelan opposition leader Guaido urges protesters back on to streets Pompeo told the Fox Business channel: “Military action is possible. If that’s what’s required, that’s what the United States will [...]
Jeremy Corbyn described antisemitic book as a ‘great tome’ May 1, 2019 Jeremy Corbyn is embroiled in another antisemitism row after it emerged he wrote the foreword to a book suggesting finance in Europe was controlled by Jews. Corbyn described JA Hobson's 'Imperialism: A Study' – originally published in 1902 – as a "great tome" when it was reissued in 2011. The book claims banking on the [...]
Wikileaks founder Julian Assange given 50 weeks in prison for skipping bail May 1, 2019 Julian Assange was this morning sentenced to 50 weeks in prison for breaching bail by hiding out in the Ecuadorian embassy for seven years. Read more: MPs urge government to extradite Julian Assange to Sweden The Wikileaks founder entered the embassy in 2012, when facing an extradition order to Sweden over allegations of attempted rape. [...]
David Cameron’s $1bn UK-China fund hit by reluctance from potential investors May 1, 2019 David Cameron’s proposed $1bn (£765m) UK-China investment fund has reportedly faced reluctance from investors and could be set to fail in meeting its target. The former Prime Minister has been courting investors for the fund, backed by both the UK and Chinese governments, for almost a year and a half. Read more: Taming the Chinese [...]
Government cancels no-deal Brexit ferry contracts at £50m cost to taxpayer May 1, 2019 The Department for Transport (DfT) has cancelled its no-deal Brexit contracts with ferry companies, racking up heavy costs for the taxpayer. Read more: Government ferry contracts to cost millions more if Brexit is delayed The government last year spent more than £100m chartering extra ferries to ease congestion in the Channel in the event that [...]
Venezuelan opposition leader Juan Guaido calls for biggest protests in country’s history May 1, 2019 Venezuelan opposition leader Juan Guaido has called for the “largest march” in the South American country’s history to take place today, the day after a dramatic coup attempt. Read more: See Venezuelan crisis first hand, Colombian envoy urges Maduro's UK backers Yesterday saw Guaido take to the streets of Venezuela’s capital Caracas alongside dozens of National [...]
Guardian turns profit for first time in 20 years as turnaround plan pays off May 1, 2019 The Guardian has posted a small profit for the full-year, marking the first time the media group has been in the black since 1998. Read more: Mirror publisher Reach expects to benefit from Facebook's fake news fight The figures Guardian News and Media (GNM) posted a profit of £0.8m in the year to April, up [...]
Prepare for take off: Heathrow airport expansion cleared by High Court May 1, 2019 The government today won a legal battle that had sought to stop its proposed £14bn expansion of Heathrow Airport. Read more: Revenue dips at Heathrow despite record passenger numbers Campaigners trying to block a third runway at the UK's biggest airport lost the High Court challenge after the court found that transport secretary Chris Grayling's airport national policy [...]
Tories enraged after Liz Truss gaffe lifts lid on £130,000 dinner between May, cabinet and former Russian politician’s wife May 1, 2019 Liz Truss has accidentally revealed that the wife of a former Russian senior politician and ally of Vladimir Putin paid the Tories £135,000 to have dinner with Prime Minister Theresa May and several other cabinet ministers – via an Instagram post. Read more: Truss urges Tories to back May's deal and says UK should slash [...]