More than £115m of public money spent on Crossrail 2 consultants January 18, 2021 More than £115m of taxpayer money has been spent on Crossrail 2, before the project has even been green lit. The £33bn project, which would see a new north-south Tube line through London, was put on hold earlier this year as Transport for London (TfL) were forced to seek a government bailout. Delays and budget [...]
Rail industry adds voice to calls for Eurostar support January 18, 2021 The rail industry has thrown its weight behind calls for the government to prop up the struggling Eurostar rail link between the UK and the continent. Yesterday a group of London-based businesses wrote to ministers demanding swift action to safeguard the Eurostar’s future. Now the Rail Industry Association (RIA), a trade body which represents the [...]
Drones and robots may get their big breakthrough in 2021, says what3words CEO January 18, 2021 2020 was a volatile and unpredictable year for businesses large and small. In a sink-or-swim situation, the swimmers were those who responded fairly quickly to the pandemic and managed to come up with creative and innovative solutions. This often involved pivoting to an entirely new model, according to Shoreditch-based Chris Sheldrick, co-founder and CEO of [...]
Audi latest carmaker to delay production amid parts shortages January 18, 2021 Audi has become the latest carmaker to be forced into delaying production due to a global shortage of semi-conductors. The German auto giant has had to put more than 10,000 of its staff on furlough as a result of the lack of chips, chief executive Markus Duesmann told the FT. The production pause comes after [...]
A million Vauxhall drivers may be in line for compensation following emissions test cheating claims January 18, 2021 More than a million Vauxhall drivers in the UK could be due compensation, following allegations the car manufacturer cheated emissions tests. Campaign group Vauxhall Pay Up, which launched today, claims the car company installed software on 600,000 vehicles to cheap emissions tests. Drivers who bought or leased Vauxhall cars between 2009 and 2019 could be [...]
Uber offers money off trips to mass-vaccination centres January 18, 2021 Uber will cover up to £15 worth of passengers’ trips to seven mass-vaccination centres in England, including to the Nightingale hospital in London. Customers can book the service by entering the correct promotion code for the mass-vaccination hub they are travelling to in the app ahead of booking their journey. Uber has become the [...]
Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares January 16, 2021 Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares
Aviation industry risks collapse without ‘urgent’ support following travel curbs January 16, 2021 The aviation industry risks collapse without “urgent” government support, industry groups have warned following the latest travel curbs. From Monday all travel corridors to the UK will be scrapped to prevent any further spread of the new strains of coronavirus. Travellers arriving in the UK must now provide a negative test pre-departure, followed by a [...]
Meggitt posts revenue fall but hopes vaccine roll-out will boost air travel January 15, 2021 Aerospace engineer Meggitt is “well placed” for recovery after it secured £1.7bn in revenue, in one of the toughest years for air travel. Despite a revenue fall of £500m compared to last year, a spokesperson for Meggitt said that it remained “well placed” for recovery. The vaccine roll-out, coupled with cabin fever, has provided Meggitt [...]
Transport for London facing £2bn a year funding gap, warns report January 15, 2021 Transport for London (TfL) is facing a funding gap of up to £2bn every year as a result of Covid-19, a new report has found. The pandemic has forced passengers off London’s transport network in record numbers, causing its finances to crumble. The operator has already received two bailout deals with a combined worth of [...]