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      Bank of England’s Lombardelli warns youth unemployment crisis could leave ‘lasting scars’

      Bank of England officials Sarah Breeden and Andrew Bailey at a press conference with Bank of England on the blue backdrop.

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Transport & Infrastructure

  • London City launches 10-week consultation to increase passenger capacity

    June 30, 2022

    London City airport launched today a 10-week consultation over its existing planning permission to increase passenger capacity to 9 million by 2031.  Following the end of travel restrictions, the east London hub has forecast that 3 million passengers will pass through its gates this year, with numbers set to increase to pre-pandemic levels – 5 [...]

  • Landmark day: Essex ‘scale-up’ unveils first hydrogen HGV to be mass-produced in UK

    June 30, 2022

    Essex-based “scale-up” Tevva made automotive history today when it unveiled the first hydrogen HGV mass-produced in the UK.  Fitted with a hydrogen-fuel cell system in addition to its electric battery, the 7.5-tonne lorry is able to carry heavy loads over long distances, driving as far as 310 miles.  “By embracing hydrogen, we are futureproofing ourselves, [...]

  • Aviation welcomes govt plan to help industry avoid do-over of Bank Holiday mayhem

    June 30, 2022

    UK airlines and airports have welcomed the government’s 22-point plan for aviation. The strategy – which comes just as thousands of Britons get ready for the summer break – is aimed at avoiding the mayhem seen at airports during the Easter and half-term breaks. “We will work alongside the government and the wider industry to [...]

  • ‘Total mayhem’ at Heathrow as dozens of flights are dropped without notice leaving furious passengers stranded at check-in

    June 30, 2022

    It is currently “total chaos” at Heathrow Airport, according to dozens of passengers, as Britain’s largest airport ordered dozens of flights to be cancelled because it could not handle them. Thousands of travellers were disrupted by a rare “schedule intervention” which led to the scrapping of 30 flights during the morning peak. Some passengers did [...]

  • Ryanair and pilot union Balpa reach agreement on post-Covid pay restoration

    June 30, 2022

    Ryanair and UK pilot union Balpa have today reached an agreement on post-Covid pay restoration, after staff agreed to a 20 per cent salary cut during the peak of the pandemic. The airline pledged to pay restoration for its UK staff, as it forecasts this year it will grow by 115 per cent on pre-pandemic [...]

  • Gazprom and Uniper shares plunge as fallout from Ukraine crisis deepens

    June 30, 2022

    Shares at two of Europe’s largest energy firms have plummeted this week, as the gas crisis and between Russia and the West escalates.

  • Bus cuts will only save TfL £35m a year when £730m needed under govt plan

    June 30, 2022

    Transport for London’s (TfL) decision to axe or amend 78 of the current 620 bus routes will only lead to a £35m cost savings per year – when £730m is required from a government plan. TfL’s operating officer Andy Lord said the savings weren’t “an insubstantial amount in the context of savings we’ve got to [...]

  • Which? calls for travel rule overhaul to hold airlines accountable when breaking consumer law

    June 30, 2022

    Consumer champion Which? has called for a significant overhaul of travel rules to hold airlines accountable when they flaunt consumers’ laws. The call comes at a delicate time for the aviation industry, as airlines and airports have been plagued by a raft of cancellations and delays caused by labour shortages and surging passenger demand . [...]

  • Travel disruption looms over as Avanti West Coast workers vote to strike

    June 29, 2022

    Travel disruption continues to loom over the UK as hundreds of members of the TSSA union working for Avanti West Coast have voted in favour of walking out. The union announced today the results of the ballot– which was called on 10 June over pay, conditions and job security as the cost-of-living crisis continues to [...]

  • Fuel retailers hit back at detractors, blaming volatile market for pump price increase

    June 29, 2022

    Fuel retailers have hit back after motoring bodies have accused them of “inexplicably” rising fuel prices at UK pumps.  Gordon Balmer, director at the Petrol Retailers Association (PRA),  has told journalists that operators are currently operating at a loss due to wholesale prices rising because of the volatile oil market.  “Independent fuel retailers need to [...]

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