Autumn Budget 2024: Major HS2 and train route updates unveiled October 30, 2024 Chancellor Rachel Reeves has revealed in her first Budget that the Transpennine upgrade to connect York, Leeds, Huddersfield and Manchester will be secured under the new Labour government. Reeves said the money would deliver “fully electric local and regional services between Manchester and Stalybridge by the end of this year, with a further electrification of [...]
Autumn Budget 2024: Fuel duty frozen as hike would be the ‘wrong choice’ October 30, 2024 Chancellor Rachel Reeves has declared a rise in fuel duty in 2025 would be the “wrong choice” as she pledged to continue the freeze and maintain the temporary 5p cut for another year. In her first Budget, Reeves told MPs that to retain the 5p cut and freeze fuel duty again would cost more than [...]
Aston Martin slashes loss by over £100m October 30, 2024 Aston Martin slashed its pre-tax loss by 90 per cent during its latest financial period after being boosted by a rise in its wholesale volumes. The Warwickshire-headquartered luxury car maker has reported a pre-tax loss of £12.2m for its third quarter, down from the £117.6m loss it posted during the same three-month period in 2022. [...]
Jaguar Land Rover: Drivers using plug-in hybrids as ‘stepping stone’ towards electric cars October 30, 2024 Jaguar Land Rover has revealed a sharp rise in the sales of its plug-in hybrid models (PHEV) as its customers use them as a ‘stepping stone’ towards battery electric vehicles (BEV). The automotive giant has reported a 59 per cent rise in PHEV sales during the first half of its financial year compared to the [...]
How Network Rail is planning to stop the ‘Euston rush’ October 29, 2024 A plan to reduce the number of passengers rushing to platforms at Euston station in London has been revealed by Network Rail. The Government-owned company is to allow passengers travelling on around 40 per cent of Avanti West Coast services from the London station to board trains 20 minutes before departure. Network Rail said this [...]
Prestige oil spill: Insurer London P&I Club faces French and Spanish states in English court October 28, 2024 Insurer London P&I Club is facing both the French State and the Kingdom of Spain in a London court on Tuesday in a legal battle that stems over 20 years
Volkswagen Finance fined by FCA for unfairly treating vulnerable customers October 21, 2024 The City regulator has fined Volkswagen's UK financial services arm £5.4m for its unfair treatment of customers in financial difficulty, which it said may have caused them harm.
Ministers to oversee HS2 amid warnings of ‘dire delivery failure’ October 20, 2024 Ministers will oversee work on HS2, the government has announced, as the transport secretary warned costs had spiralled out of control. Louise Haigh has announced urgent action to bring the cost and delivery of the high speed route from London to Birmingham back under control. It comes as the Sunday Times revealed leaked documents marked [...]
Transport officials plot PFI-style deal to fund HS2 Euston station October 20, 2024 Government officials are reportedly planning to raise at least £3bn from private sector investors to help fund the new HS2 station at Euston and renovate the neighbouring mainline terminus.
HS2 back on track: Troubled line will run from London Euston after all October 17, 2024 The government is reportedly planning to reverse its decision to scrap the northern leg of HS2, extending the high-speed rail line from London Euston to Crewe. Having originally planned for the project to cost £37.5bn in 2009, the government’s latest estimation in Febuary this year ballooned to anywhere between £72bn and £98bn. Private talks involving [...]