Land speed record-chasing Bloodhound car project goes into administration October 15, 2018 The project to break the land speed world record has been placed into administration after it was revealed it needed £25m to keep going. The Bloodhound project aims to hit speeds of 1000 mph at a purpose-built track in South Africa. It has already reached 200mph in test runs. The project, which was founded in 2007, [...]
Government is set to slash hybrid car subsidies as it focuses on pure electric power October 12, 2018 The Department for Transport (DfT) is cutting subsidies available for customers purchasing plug-in hybrid vehicles, as the government looks to shift consumer focus towards pure electric models instead. From next month, buyers of cars that emit less than 50 grams per kilometre of CO2 and have a zero-emission range of at least 70 miles will see [...]
Tube delays: Severe delays hit Jubilee Line, Victoria Line and London Overground during rush hour October 12, 2018 Commuters were facing travel chaos this morning as two London Underground lines experienced severe delays due to fires. Severe delays hit the Victoria Line following a fire alert and faulty train at Brixton station. London buses, South Eastern and South Western rail services will accept Underground tickets. London Overground services are also suspended between Surrey Quays and [...]
Elizabeth Line trains will not reach Heathrow until ‘early 2019’ October 11, 2018 Elizabeth Line trains will not be used on the route to Heathrow Airport until "the early months of next year", Transport for London (TfL) has said. Howard Smith, TfL's director of operations for the Elizabeth, today told a Policy Forum for London conference today that TfL was still using Heathrow Connect units as the testing had [...]
Crossrail 2 boss Michele Dix says she would like tax rises to fund £30bn project October 11, 2018 The managing director for Crossrail 2 Michele Dix has said she would personally favour a rise in taxes to fund the proposed £30bn project. Crossrail 2 is a proposed route in the south east which would run from nine stations in Surrey to three in Hertfordshire, across London. It would connect the South Western main line to [...]
BMW prepares to plough billions into Chinese joint venture October 11, 2018 BMW is prepared to spend big in order to take control of Brilliance Automotive (BBA), its joint venture in China, it emerged today. The German manufacturer is set to part with €3.6bn (£3.14bn) to up its stake in the company from 50 per cent to 75 per cent, and will also invest more than €3bn to [...]
MPs call for £25m funding injection to extend Elizabeth Line to Kent October 11, 2018 MPs and council leaders have called for a £25m funding injection to extend the delayed Elizabeth Line to Ebbsfleet. A cross-party group of MPs, including former defence secretary Michael Fallon, Labour MP Teresa Pearce and Tory MP David Evennett, submitted their Budget submission to rail minister Jo Johnson this morning, in which they asked for the funding injection before the [...]
Aer Lingus chief executive to step down at the beginning of next year October 11, 2018 Aer Lingus chief executive Stephen Kavanagh is to step down next year, when he will be replaced by British Airways director Sean Doyle. Kavanagh, who has led the IAG-owned airline since 2015, will step down on 1 January 2019 but will remain on the airline's board as a non-executive director. He will be succeeded by Doyle, who is currently British [...]
Competition watchdog investigates British Airways’ transatlantic flight agreement October 11, 2018 An investigation into British Airways’ revenue-sharing partnership on transatlantic flights is underway, a watchdog announced today. The decade-old Atlantic Joint Business Agreement sees BA, American Airlines, Iberia and Finnair split revenue on all passenger routes between Europe and the US. Read more: Moody's: BA and Easyjet among airlines 'most exposed to a no-deal Brexit' The European [...]
Theresa May’s crude policy is the wrong way to manage immigration October 11, 2018 The government's announcement of a new immigration policy post-Brexit has at least the merit of providing a clearer sense of direction – assuming Brexit happens and does so in a reasonably orderly way (which are some big “ifs”). The news also provides an opportunity to think, from first principles, what a sensible immigration policy should [...]