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 [...]
Severe delays hit commuters on District Line and Piccadilly Line due to a person on the track October 11, 2018 Severe delays have struck the District Line and Piccadilly Line this morning due to a person on the track. The District Line is suspended between Turnham Green and Ealing Broadway due to the incident, with tickets being accepted on local bus routes and South Western Railway. Severe delays also hit the Piccadilly Line, which is [...]
Cooper Tire Europe set to axe 300 jobs at Wiltshire factory October 10, 2018 Three hundred employees face redundancy after an historic tyre factory in Wiltshire announced plans to shift the majority of its production abroad in order to cut costs. Cooper Tire Europe (CTE) currently employs 732 people at its factory in Melksham, which is more than 100 years old. The business, which is part of the US-based [...]
Passenger numbers soar to 1.5m at London Luton Airport October 10, 2018 London Luton Airport has hit a new milestone after experiencing its busiest September ever with more than 1.5m passengers travelling through it last month. It marks the 20th consecutive month that the London-based airport has welcomed more than 1m passengers and represents a 3.9 per cent increase on the same month last year as demand [...]
Car industry launches no-deal Brexit strategy to bolster supply chain October 10, 2018 The car industry has launched what it’s called a Brexit Readiness Programme to prepare vehicle manufacturers for the UK potentially falling out of the EU without a deal. The Society of Motor Manufacturers and Traders (SMMT) made the move following various members’ warnings about the impact of a no-deal Brexit on the health of the [...]