UK car insurance costs jump 40 per cent hitting all-time high July 19, 2023 The cost of car insurance has risen to an “all-time high” with motorists shelling out a record 40 per cent more for insurance premiums than last year, new data reveals. On average, UK drivers are now paying £776 to insure their cars, up from £222 one year ago, according to Confused.com and Willis Tower Watson’s [...]
Confirmed: Jaguar owner Tata to build £4bn battery factory in the UK July 19, 2023 Jaguar Land Rover’s owner has confirmed it will invest £4 billion to build a gigafactory in the UK, in a major boost for the British automotive sector and following months of speculation. Tata Group – the Indian conglomerate who have owned JLR since 2008 – said that its investment in the new 40GWh battery plant [...]
Network Rail tumbled to £1.1bn loss after ‘deeply bruising’ year of strikes July 18, 2023 Network Rail tumbled to a £1.1 billion loss for the past year as it was impacted by strike action and higher interest payments on its debts. The body, which owns and manages the infrastructure of most of the UK’s railway network, saw losses grow for the year to March 31 from a £324 million profit [...]
Five mayors preparing legal action against 1,000 rail ticket office closures – but Sadiq Khan not asked July 18, 2023 Greater Manchester mayor Andy Burnham and four other mayors are preparing to take legal action against train operators in an effort to stop the closure of just under 1,000 ticket offices. Industry body Rail Delivery Group drew up plans to close the offices across the country and will move onto station concourses to assist passengers [...]
Renting office space near Monument is second most pricey in London Zone 1 – but what’s top? July 17, 2023 Renting office space near Monument station in the heart of the City means you’ll be forking out the second-highest rates in London’s zone one, new research has claimed. The figures from office rental agency Freeofficefinder shows top of the list is the Victoria area with average rents of approximately £900 a week for private office [...]
Royal Mail scoops five year deal for delivery of passports, visas and travel docs July 17, 2023 Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration (UKVI) travel documents. The contract also includes the delivery of internal mail between HM Passport Office offices and other Government offices. Royal Mail will also be working with the General Register Office on [...]
Easyjet: Can the budget airline quell investors’ fear of strikes and cancellations? July 16, 2023 EasyJet shareholders will be looking ahead with bated breath this week, with the budget airline set to unveil its third quarter trading performance on Thursday. EasyJet shares have plateaued following a flying start to the year, with concerns peaking amid an announcement earlier this week that nearly 2,000 of its flights would be cancelled over [...]
Gatwick boss says airport is prepped to avoid chaos – despite strikes and cancellations July 16, 2023 Gatwick’s boss has said that the airport is not expecting further flight cancellations over the busy summer season. Speaking to the Sunday Times, Stewart Wingate said “I haven’t had any discussions with any other airlines [about cancellations].” He added: “I think that from the perspective of passengers, if there’s a need for an airline to [...]
Shapps to ask supermarkets to ‘explain themselves’ over pump price hikes July 16, 2023 Supermarket bosses are set for showdown talks with the government next week over soaring prices at the pumps. Energy Secretary Grant Shapps will meet with chiefs from Asda, Sainsbury’s, Morrisons and Tesco, with the minister vowing to slam “the brakes down on the mistreatment of motorists.” In a column in The Sun, Shapps said he [...]
Uber reveals UK profit for the first time: £32 million July 16, 2023 Uber booked £3.4 billion in revenue from the UK segment of its business last year, it has been revealed.