TfL needs government support for next two years to stay afloat, says boss January 24, 2021 Transport for London (TfL) will need government financial support for the next two years to stay solvent, according to body’s commissioner. Andy Byford said today that “without government support, and with the chaos that Covid and the decimation on our finances that Covid has wrought, we absolutely will be needing financial support in the short [...]
London leads global finance rankings in new benchmarking research January 22, 2021 | City Talk New figures published today [22 January] by the City of London Corporation, show that, London continues to hold the top spot for financial and professional services, when compared to other global destinations, including New York, Singapore, Hong Kong and Frankfurt. The benchmarking research, entitled “Our global offer to business: London and the UK’s competitive strengths in [...]
Slavery statues in City of London to be removed January 22, 2021 | City Talk Statues of two prominent figures in the City of London with links to the Transatlantic slave trade will be removed and re-sited, the City of London Corporation’s Policy and Resources Committee has decided. The committee voted to move statues of William Beckford and Sir John Cass which currently stand in its historic Guildhall headquarters. The [...]
Mayor of London pledges 999-year shared ownership lease to tackle unfair extension costs January 22, 2021 Sadiq Khan has stood up for leaseholders in the capital by pledging a 999-year shared ownership lease on homes until 2026. The mayor has delivered a new expectation that all shared ownership homes built under his new £4bn Affordable Homes Programme are sold on a long-lease basis. He wants London to lead by example and [...]
London mayoral election campaigns kick off despite lockdown January 22, 2021 The London mayoral election seems to kick off in earnest today as one of the underdog candidates will tour London in a Covid-secure tech bus. Mayoral candidate Brian Rose will go up against a current Mayor Sadiq Khan and travel the city in a tech-fitted bus, which includes a live-streaming TV studio. The businessman – [...]
City of London Corporation to remove controversial slavery-era statues January 21, 2021 The City of London’s local authority has today voted to remove statues of a slave trader and a slave owner from its Guildhall HQ. The City of London Corporation’s Policy and Resources Committee, its most influential body, voted to remove the statues of Sir John Cass and William Beckford in an attempt to distance itself [...]
IRSG sets out financial services roadmap for UK’s G7 presidency January 21, 2021 | City Talk The International Regulatory Strategy Group (IRSG) has set out its key areas of focus in financial services as the UK takes over the presidency of the G7 from the USA this month. The recovery from the COVID-19 pandemic, climate change and digital agenda will all be central to the UK’s presidency, including at the 47th G7 Summit [...]
London buses converted into temporary ambulances to ease Covid pressure January 21, 2021 Two London buses have been converted into temporary ambulances to alleviate the pressure of Covid-19 on the NHS across the capital. Starting the service in the next few days, NHS staff have been prepped and vaccinated to transport up to four patients in the makeshift ambulances which have been stripped of seats and adapted with [...]
Tate & Lyle appoints new finance chief following CFO’s departure for Tesco January 21, 2021 Tate & Lyle announced this morning the appointment of a new chief financial officer. Vivid Sehgal will take up the role in May but he plans to join the board of directors in March to work alongside the current chief financial officer Imran Nawaz. Current CFO Nawaz announced his departure in October as he moves [...]
TfL gets go-ahead for 852 new homes in Acton January 21, 2021 A new development in Acton has been given the go-ahead by Ealing Council, and will provide 852 new homes for rent and sale in the area. The development covers a 3.6 hectares site and spans from Acton Town station to the level crossing towards Chiswick, TfL’s largest development to date. The new homes will be [...]