Government announces half-price rail fares to help with living costs squeeze April 19, 2022 The UK Government is set to slash rail fares by 50 per cent to help struggling Brits with the cost of living squeeze. Transport secretary Grant Shapps announced more than one million train tickets will be reduced to help Britons afford trips across the UK and boost domestic tourism. The scheme is run on a [...]
P&O to face soaring insurance bill after sinking to riskiest safety rating April 18, 2022 P&O is to face soaring insurance bills after it sank to the riskiest safety rating, with its performance deemed “very low.” According to an analysis of an international database of inspections, P&O was previously awarded a “medium rating,” but after it sacked 800 seafarers and replaced them with agency workers the rating sank. “It’s very [...]
Most employees push for remote working following fuel price surge April 18, 2022 Most employees are pushing for remote working patterns as a result of the surge in fuel prices. According to 3,000 people survey by recruiter Randstad, nine out of 10 cite the cost-of-living crisis, and in particular hiking fuel prices, as the main reason for remote working. “For people who have to drive, being hit by [...]
Ukraine war leading to long-term consequences for aviation, says Emirates’ Sir Tim Clark April 18, 2022 The Ukraine war and the consequent exclusion of Russia from the global economy will have long-term consequences for global aviation, said Emirates’ boss Sir Tim Clark. “This [war] will have major manifestations of perhaps disadvantage for both sides. And this will have an impact on the industry,” he told the BBC today. Clark said Emirates was [...]
Rivian says automotive at risk of EV battery shortage April 18, 2022 The global automotive industry needs to brace for a shortage of electric vehicle (EV) batteries, according to Tesla’s rival Rivian. Chief executive RJ Scaringe said moving from building a few million batteries to tens of millions within the decade will replace chip shortages as the sector’s biggest challenge. “Put very simply, all the world’s cell [...]
Average price of used cars soar by a third following supply chain squeeze April 18, 2022 The average price of a used car in the UK has soared by almost a third over the last 12 months. Data from online car dealer Auto Trader revealed that on a like-for-like basis car prices have gone up by 32 per cent to around £18,000 – meaning that motorists are now paying a 15 [...]
Brits face more travel chaos as they flock home after Easter break April 18, 2022 The UK is bracing for more travel disruption as millions of Brits are expected to return today from their holidays. According to the RAC, around 3.96 million motorists will get on the road, causing delays of many major arteries, while thousands of people reported “nightmare queues” at Paris Gare du Nord’s Eurostar gates following an [...]
Ukrainians increasingly confident Zelensky is beating Putin as thousands of refugees make plans to return home April 18, 2022 Many Ukrainians who fled their country in recent weeks are increasingly confident the Russian Army is losing the war. A new poll in the Netherlands among refugees in the Benelux countries showed this Easter weekend that over half believe it is safe to return home to Kyiv as well as north, west and central Ukraine. [...]
Made in Britain: As Brexit and Covid dismantle supply chains, boom in ‘reshoring’ leads to renaissance in UK manufacturing April 18, 2022 sAs the government admitted last week that there are ‘significant challenges’ to UK stock levels because of Brexit and Covid, is reshoring then perhaps the answer? Last week’s government report, from the Office for National Statistics (ONS), revealed the full extent of tumbling stock levels and broken global supply chains in the wake of Brexit and [...]
Automotive shouldn’t focus only on EVs, warns BMW Boss April 14, 2022 The automotive sector should be careful not to rely only on electric vehicles as it increases dependency on countries such as China, said BMW’s boss Oliver Zipse. “When you look at the technology coming out, the EV push, we must be careful because at the same time, you increase dependency on very few countries,” Zipse [...]