Waterloo and City line closure set to continue indefinitely October 30, 2020 No date has yet been set for the Waterloo and City tube line to be reopened, London Mayor Sadiq Khan has said. The route – London’s second-most intensively used after the Victoria line – has been closed since lockdown began in March. In answer to a question from Assembly Member Caroline Pidgeon, Khan said that [...]
Corona Impact Series: A vegan stop off Oxford Street October 29, 2020 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. Today: how evaporated demand and high rent obligations ultimately proved fatal for Ethos. Meat-free and plant-based Ethos opened six years ago, catering for vegans by offering ‘deliciously different’ meat-free and [...]
Exclusive: These are the top 50 London startups to work for October 29, 2020 An insurtech startup that has raised just £13m to date is the best startup to work for in London, according to new research. The incentive-based life insurance platform Yulife is the best London-based startup to work for, according to research by recruitment platform Tempo. The startup, which employs just 61 people, has been recognised for [...]
London Tories slam Mayor Sadiq Khan over housing pledge and say he’ll miss home completion targets October 29, 2020 New figures reveal less than a third of the homes London's mayor started building in his first term have been completed.
Exclusive: Transport for London aware of Croydon tram fatigue problem two years before deadly crash October 29, 2020 Transport for London (TfL) officials were told of concerns about driver fatigue on the Croydon tram network two years before a fatal crash which killed seven people – believed to have been caused by a driver falling asleep. An independent audit of the Croydon Tramlink carried out in March 2014 and seen by City A.M. [...]
Shaun Bailey accuses Sadiq Khan of wasting nearly £10bn of TfL cash October 29, 2020 Conservative London mayoral candidate Shaun Bailey has today accused Mayor Sadiq Khan of wasting nearly £9.6bn in Transport for London (TfL) finances since 2016. According to Bailey, the failure to deliver the Crossrail rail link on time has cost £5.2bn, while pensions have drained £828m from TfL’s finances over the period. A freeze of Tube [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 28, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This [...]
DEBATE: Is Sadiq Khan right to refuse to expand London’s congestion charge zone? October 28, 2020 Is Sadiq Khan right to refuse to expand London’s congestion charge zone? JOIN THE DEBATE Wes Streeting, Labour MP for Ilford North, says YES When Boris Johnson was mayor of London he promised Londoners: “I am not going to be having any more congestion charges”. Yet now, his government is trying to force exactly that [...]
Tough on dirty money? The UK has a way to go October 28, 2020 In 2016, the National Crime Agency estimated that £90bn is laundered via London each year. The UK government’s response was swift, with a commitment to “block dirty money flowing into the City of London”. It unveiled radical plans to “overhaul the approach to tackling economic crime, with greater partnering between the government, law enforcement and [...]
City of London demands answers on reopening of Waterloo and City Line October 27, 2020 The City of London’s policy chair has written to Transport for London’s commissioner seeking clarity on when the Waterloo and City Tube line will be reopened. The line – which travels directly between Bank and Waterloo stations – was closed when the country was put into the initial coronavirus lockdown in March and is the [...]