Brits favour beach holidays over city breaks as the return of travel nears May 11, 2021 Brits are itching for some sun after a seemingly endless winter lockdown, with most travellers looking for beach holidays now the return of foreign holidays is in sight, according to bookings site Lastminute. After the government confirmed a 17 May return to abroad travel, 59 per cent of Brits have been eyeing sun and beach [...]
UK engages in Covid vaccine waiver discussions with the US and WTO May 11, 2021 The UK has begun seeking constructive engagement with the US and other World Trade Organisation (WTO) members on the conflicting issue of vaccine waivers, a government spokesman has said. Following pressure from charities to back the proposal, the UK government is yet to confirm whether it will back the US’ waiver. The waiver, proposed by [...]
Myth-Busting: Money printing must create inflation May 11, 2021 | City Talk London ranks ninth on the UBS Global Real Estate Bubble Index for residential properties. Like in many other countries, property prices in the United Kingdom reached an all-time high in 2020. A global pandemic with sudden mass unemployment should have forced UK citizens to sell their homes, but the furlough policies, stamp duty holidays, and record-low interest rates [...]
City Pub group hammered by 57 per cent plunge in revenue May 11, 2021 Hammered by restrictions, the City Pub group raked in £25.8 million in revenue last year, 57 per cent less than 2019 figures, despite buying a hefty stake in Kensington Park Hotel. The group, which has 45 pubs across London, Southern England and Wales, snapped up a 49 per cent stake in the hotel in the [...]
Collision of Covid-19 and Brexit fuels a £700bn blow to economic output May 11, 2021 The UK economy has been forecast to suffer an over £700bn blow to output due to the collision of Covid-19 and Brexit, the National Institute of Economic and Social Research warned today. The bruising figure was made worse by the government’s “poor Covid-19 response”, the think tank said, adding that it has left the UK [...]
London’s bosses call on Khan and Shapps to fix ‘broken’ transport system May 11, 2021 The capital’s business leaders have called on Sadiq Khan and Grant Shapps today to fix London’s ‘broken’ transport system. The top signatories included bosses of Canary Wharf, Arcadis, the ExCeL and the New West End Company, who all signed off on the joint letter to the Mayor and Transport Secretary. The letter follows months of political [...]
Re-elected Khan already caught in the middle as RMT union threatens tube strike over Night Tube jobs May 10, 2021 The RMT union is raining on Sadiq Khan’s re-election celebrations with threats of industrial action if Transport for London doesn’t back down over scrapping Night Tube jobs and merging roles with regular Tube drivers. Transport for London, which is in a dire financial state after more than a year of Covid-19 lockdowns and remote working [...]
King Khan: Mayor wants City Hall stay to last until 2040 May 10, 2021 Sadiq Khan has said he hopes to be Mayor of London in 2040 after sweeping to victory in the recent mayoral election. Earlier today Khan said he hopes to be in his current position when the 2036 or 2040 Olympics take place, after recently pledging to launch an “exploratory committee” to look at a potential [...]
Mining sector needs $1.7 trillion investment for decarbonisation May 10, 2021 Mining companies need to invest an eyewatering $1.7 trillion over the next 15 years to stick to Paris Agreement commitments, according to consultancy Wood Mackenzie. The decarbonisation investment figure comes as UK mining group Weir released a report today which found that the mining industry uses around 3.5 per cent of global energy. “Mining needs [...]
Recruitment drive to launch for next Commissioner of the City of London Police May 10, 2021 | City Talk The City of London Corporation’s Police Authority Board (PAB) will begin a recruitment drive for the next Commissioner of the City of London Police (City Police) next week. The appointee will replace Commissioner Ian Dyson, who has announced his planned retirement after 38 years of distinguished service in policing. Commissioner Dyson will be leaving the [...]