Aslef chief calls Grant Shapps ‘either inept or a liar’ after speech earlier today June 29, 2022 The Aslef union has slammed Grant Shapps for lying in a speech he made earlier today, where he accused railway unions of standing in the way of modernisation by carrying out strike action. “We’ve got to get out of these 20th century work practices in order that the whole thing works together and provides a [...]
UK cuts oil imports from Russia after Ukraine invasion as Norway establishes energy dominance June 29, 2022 Imports of Russian oil have tanked this year, following the country’s invasion of Ukraine with traders seeking alternatives after Western sanctions.
£6.3bn takeover of aeroplane giant Meggitt heading for final approval as UK govt is ‘minded to accept’ June 29, 2022 The UK Government said it was “minded” to accept measures to address competition and national security concerns so it can greenlight the £6.3bn takeover of British aeroplane parts maker Meggitt by a US rival. The Department of Business, Energy and Industrial Strategy said late last night that Business Secretary Kwasi Kwarteng was poised to accept [...]
Top investors demand firms including Tesla and Exxon Mobil cough up climate data June 29, 2022 A group of 263 top financial institutions have today called on firms including Tesla and Exxon Mobil to reveal their environmental impact data, as pressure grows on businesses for transparency on climate impact.
Government modernising railways despite ‘unions’ best efforts’, says Shapps June 29, 2022 The UK Government is modernising the railway network “despite the best efforts of unions,” Grant Shapps said today. The transport secretary’s comments came as he announced £1bn worth of funding to replace the Victorian signalling system along the East Coast Main Line (ECML) – which connects London to Edinburgh – with a digital one. “We’re [...]
TfL extends consultation on bus cuts to 7 August June 28, 2022 Transport for London (TfL) has extended its deadline for the consultation on bus cuts from 12 July to 7 August. The public body said it wanted to give more time to people “to review, understand and provide feedback,” over its decision to cut or alter 78 of the current 620 bus routes. The public body [...]
Lufthansa warns travel chaos ‘unlikely to improve’ in the coming weeks June 28, 2022 Lufthansa has warned the ongoing travel chaos is “unlikely to improve in the coming weeks,” as labour shortages and soaring levels of passenger demand rampage through Europe. “The ramp-up of complex air transport system from almost zero to now almost 90 per cent is clearly not proceeding with the reliability, the robustness and the punctuality [...]
‘Pump fiction’: AA lambasts petrol retailers for failing to bring down forecourt prices June 28, 2022 The AA has deemed fuel prices "pump fiction" as costs at forecourts continue to rise despite a slump in wholesale.
Heathrow ordered to lower passenger charges to less than £27 after bitter dispute with airlines June 28, 2022 The aviation watchdog ordered Heathrow Airport this morning to reduce its passenger charges amid a surge in demand for flights. The Civil Aviation Authority (CAA) said the cap on the west London airport’s average charge per passenger will fall from £30.19 today to £26.31 in 2026. Adjusted for inflation, the fare will amount to £28.39 [...]
Car industry sounds alarm bells: UK vehicle makers face staggering 50 per cent jump in energy bills June 28, 2022 British car makers face a 50 per cent increase in energy costs this year, an industry body warned this a.m. Analysis by the Society of Motor Manufacturers and Traders (SMMT) stated that the sector’s annual energy bill – which is already £50m more than its European Union rivals – will rise by £90m in 2022. [...]