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      FCA crypto crackdown will ‘wipe out’ bad actors, says Coinbase boss 

      UK regulators banned the Coinbase ad

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      Manchester United’s new stadium is a test of sports finance – but markets have a solution

      Architectural model of a city development featuring a large stadium, buildings, and waterways by Allies and Morrison

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London

  • Grenfell inquiry: Oral evidence won’t be used to prosecute cladding staff

    February 26, 2020

    Cladding companies have been given assurances that their oral submissions to the Grenfell Tower Inquiry will not be used to prosecute them for any role in the blaze. Attorney general Suella Braverman announced today that she had made the decision, after staff from companies involved requested that they be protected. Phase two of the inquiry [...]

  • St Mary Axe set to be closed to cars in peak times for trial period

    February 26, 2020

    The City’s St Mary Axe is set to be pedestrianised at peak times for a trial period as the Square Mile moves closer to a future with less cars on the roads. The City of London Corporation has moved plans forward to close the street to cars for most of the work day for a [...]

  • Crossrail 2 should be funded this year, says government adviser

    February 26, 2020

    Crossrail 2 should be one of Boris Johnson’s top infrastructure priorities and get a funding commitment this year, according to a key government infrastructure adviser. The National Infrastructure Commission released its annual report today, saying the £41bn north-south train line should immediately get the go ahead. The project is under a cloud of uncertainty due [...]

  • Crossrail reviews safety procedures after a string of ‘near misses’

    February 25, 2020

    Crossrail has conducted a review of its safety assessment measures, after a spate of incidents where construction workers almost seriously injured. City A.M. exclusively reported in December that “high risk incidents” in the construction of the £18.25bn train line doubled last year. These incidents, known as as high potential near misses, “could have resulted in [...]

  • Fuming: Foreign Office names and shames embassies for unpaid congestion charges

    February 25, 2020

    Transport for London (TfL) is owed more than £116m of unpaid congestion charges by diplomatic officials, with the US embassy leading the way. The Foreign and Commonwealth Office released the figures today, showing that the US embassy had accumulated a total of 102,225 unpaid congestion charges, which adds up to £12.44m in lost revenue for [...]

  • The TfL junk food ad ban was clearly a recipe for failure

    February 25, 2020

    Today marks a year since Transport for London (TfL) introduced a ban on junk food advertising anywhere on its network. But what impact has it had? And what are the lessons for London’s policymakers? One year on, there is little evidence that the ban has achieved much beyond generating a few headlines. In fact, it [...]

  • Sadiq Khan budget: Uncertainty over Met’s special operations funding

    February 24, 2020

    Sadiq Khan will spend an extra £227.6m on the Metropolitan Police in 2020-21, however its specialist operations branch may face future funding uncertainty. Khan’s £18.5bn 2020-21 budget was approved by the London Assembly today. He plans to increase day-to-day spending for the The Mayor’s Office for Policing And Crime (MOPAC) to £3.89bn, which includes funding [...]

  • Sadiq Khan’s budget lays out path for East Bank development

    February 24, 2020

    City Hall yesterday confirmed its plans to spend £437.5m over the next five years to fund a new culture and education hub across the Stratford waterfront. The £1.1bn East Bank development will be the home of a new Sadler’s Wells theatre, BBC music studios, a new Victoria and Albert Museum museum and campuses for University [...]

  • Culture complements commerce, so let’s celebrate the City’s thriving artistic scene

    February 24, 2020

    As lord mayor of the City of London, my role is primarily business-focused. But I am also passionate about arts and culture, and with so much of it on our doorstep, Londoners are truly fortunate. In fact, championing culture is a key part of my mayoral theme. And to underline its importance, I am looking [...]

  • Exclusive: Tory mayoral candidate Shaun Bailey calls for £104m ’emergency crime budget’

    February 24, 2020

    Tory mayoral candidate Shaun Bailey will attach an amendment to the mayor’s budget in an attempt to inject an extra £104m to the Metropolitan Police’s coffers. The London Assembly will vote on Sadiq Khan’s £17bn 2020-21 mayoral budget at City Hall today. The 25 assembly members can successfully add amendments to the budget, or over [...]

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