Sadiq Khan pledges ‘Good Work Fund’ to reskill Londoners post-Covid March 30, 2021 Sadiq Khan has today promised to spend £32m on four skills academies that he is calling a “Good Work Fund” if he is re-elected in May. The mayor said his plan would “help coordinate skills, careers and job-related support so there is no wrong door for Londoners seeking employment assistance”. The funding would come from [...]
SSE warns of £180m blow as renewables output shrinks March 30, 2021 London-listed energy supplier SSE has warned this morning of a £180m blow to its annual profits after its year-to-date renewables output was around nine per cent less than planned. Reduced wind generation and lower hydro volumes may have fuelled the blow, analysts have said. The network operator reported a five per cent dip in renewable [...]
UK to focus on vaccinating adults before offering surplus shots, minister says March 30, 2021 Business minister Kwasi Kwarteng has said this morning the UK will focus on vaccinating its adult population before offering surplus doses to neighbouring countries. More than 30m people have been given at least one shot of the vaccine so far in the UK’s largest inoculation programme to date. The UK has aimed to offer all [...]
Lib Dem mayoral candidate blames ‘toxic’ Sadiq Khan for failure to get long term TfL funding deal March 29, 2021 Transport for London (TfL) has failed to get a long term funding settlement over the past year due to Sadiq Khan’s “toxic” relationship with central government, according to Liberal Democrat mayoral election candidate Luisa Porritt. Porritt, the Liberal Democrat leader in Camden council, told City A.M. in a wide ranging interview that the government’s willingness [...]
Corona Impact Series: A Chelsea jeweller conveys her message of bling via Zoom and Bing March 29, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How three lockdowns forced an upmarket jewellery chain to convey a personal message of bling via Zoom and Bing. The accelerated shift to digital has been the theme of the [...]
Shaun Bailey matches Sadiq Khan pledge to rollout 4G on the Tube network March 29, 2021 Conservative mayoral candidate Shaun Bailey has today matched a pledge by Sadiq Khan to rollout 4G across the entire London’s Tube network, which would give commuters access to internet data on their phones for complete journeys. Green party candidate Sian Berry also backed the proposal, saying she had long pushed for 4G on the whole [...]
City Corporation launches consultation on a safer, greener Bank Junction March 29, 2021 | City Talk The City of London Corporation has today (29 March) launched a public consultation on proposed improvements to Bank Junction, scheduled to coincide with the re-opening of the improved Bank station. Transport for London (TfL) has been upgrading and expanding Bank and Monument stations since April 2016, with works scheduled to be complete by late 2022. [...]
City may never be the same as five-day-a-week commute ends, says former Bank of England deputy March 29, 2021 Home working is here to stay and the end of the five-day-a-week office commute will change the shape of London dramatically, according to former Bank of England deputy governor Sir Charlie Bean. The switch will impact the economy “in ways we don’t fully foresee”, the former deputy governor for monetary policy at the Bank said [...]
Cycle to work for a Covid-secure commute March 29, 2021 | Sponsored This summer, many people will be donning suits and heels again as offices open up to employees. After more than a year of working from home, the prospect of a change of environment, and time spent face-to-face with colleagues rather than on Zoom, will be refreshing and motivating. Navigating the daily commute might be a [...]
Transport for London to face funding squeeze as journey numbers will ‘never hit pre-Covid peak’ March 29, 2021 Transport for London to face funding squeeze as journey numbers will never hit pre-Covid peak