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      Former Bank of England rate-setter to become next OBR chair 

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      Government is set to deal major blow to Big Tech’s moves into sports rights

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Business

  • Revealed: The best and worst 4G operators in London

    December 16, 2016

    Mobile signal. It's a constant source of frustration and debate among friends and colleagues – and conversations often centre on which operator is worst.  And let's be honest, when that emblem in the top corner of our phone turns from 4G to "E" or "GPRS", our hearts sigh. "How can it be there is no coverage when I'm in the middle [...]

  • Mayor says construction will start on Swiss Cottage-West End cycle superhighway next year though full route isn’t set in stone

    December 16, 2016

    The mayor has confirmed work will start on a new cycle superhighway from Swiss Cottage to the West End next year. Sadiq Khan said construction on the new 2.5 mile route, cycle superhighway 11, will begin in the autumn of 2017 when the gyratory will start to be removed. It was one of the more controversial plans [...]

  • Severe delays on Victoria line due to signal failure at Brixton

    December 16, 2016

    There are severe delays on the Victoria line this morning, with no service between Victoria station and Brixton. Transport for London said the disruption was due to signal failure at Brixton.  https://twitter.com/victorialine/status/809713526826815488 The disruption comes as service on the Piccadilly line slowly but surely starts to show signs of improvement. Around half of the Piccadilly trains [...]

  • Facebook has explained some of the ways it is trying to tackle fake news

    December 16, 2016

    Facebook has set out some of the ways it is trying to address fake news and hoax stories. Both Facebook and Google have faced strong criticism in recent weeks over a proliferation of false news stories during the US presidential race. The digital giants both promised to crack down on advertising against fake news last [...]

  • National Lottery owner Camelot fined £3m over fraudulent claim in 2009

    December 16, 2016

    The Gambling Commission has fined National Lottery operator Camelot £3m over allegations of a fraudulent prize claim in 2009. The commission said today that Camelot had breached its operating licence, with three key problems with its controls relating to databases and other information sources; the way it investigated a prize claim; and its processes around the [...]

  • Monarch forecasts 35 per cent profit fall amid turbulent trading environment

    December 16, 2016

    Budget airline Monarch has said that profits will slump 35 per cent this year, as it battles a turbulent environment for airlines. It said the year had been a difficult one and that group performance was in line with its expectations, predicting full-year earnings of £48m – down by over a third on last year's of £74m. [...]

  • BA boss Willie Walsh thinks Air Passenger Duty cut by Scottish government will undermine English airports

    December 16, 2016

    Willie Walsh has some reservations over the Scottish government's intention to halve Air Passenger Duty (APD) by the end of the Scottish Parliament in 2021. He's concerned it'll undermine English airports. The boss of British Airways' owner IAG, said that the move did mark "a major step towards the complete abolition of this stealth tax that [...]

  • Payments regulator sets out vision for industry-wide approach to protect consumers

    December 16, 2016

    Financial regulators have promised to stamp out payment scams which have cost Britons hundreds of millions of pounds. The Payment Systems Regulator (PSR), a special branch of the Financial Conduct Authority that focuses on banking payments, said today the financial services sector needs to do more to protect consumers. "In a short space of time [...]

  • These are the average London banker bonuses in 2016 (they’re not happy)

    December 16, 2016

    The average London-based senior M&A banker landed a bonus of £80,000 this year, according to new research. But only 40 per cent were happy with their sweetener. And no wonder – the average was down 20 per cent from £100,000 in 2015. However, it was a different story for those working at the big banks. [...]

  • The nightmare’s nearly over for the Piccadilly line social media team: It’s just running with “minor delays” now

    December 16, 2016

    Piccadilly line passengers have not been impressed with Transport for London (TfL) taking out half the fleet of trains for wheel repairs. It has been causing severe delays along the line since last month – and some turmoil for the poor people manning the Piccadilly line's Twitter account. But today, the account had some – relatively – good [...]

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