Bakerloo Tube strike this weekend means FIVE London Underground lines will be out of action February 17, 2020 London commuters are bracing for travel chaos over the weekend as nearly half of all Underground lines are set to be closed amidst a Tube strike. Bakerloo line drivers from the National Union of Rail, Maritime and Transport Workers (RMT) are expected to walk off the job on Friday for a three-day strike over a [...]
Sadiq Khan launches £50m ‘green new deal’ fund in pitch to Green Party voters February 17, 2020 Sadiq Khan has created a £50m fund for green energy projects in a direct appeal to Green Party voters in the lead up to the mayoral election. The mayor of London today announced the fund as a part of his “green new deal for London”, with the funds set to be allocated to programmes to [...]
Both north and south of the border, Ireland’s financial centres are the City’s historic partners February 17, 2020 As the debate around our future relationship with the European Union continues, we at the City Corporation have been focusing on building even stronger ties with our closest neighbours. Over the past two weeks, I have visited Dublin, Belfast and Derry-Londonderry to do just that. Both the Republic of Ireland and Northern Ireland have long-standing [...]
Banknote printer De La Rue set for review of finances February 15, 2020 The Bank of England’s banknote printer, De La Rue, is set for talks with its lenders after calling in advisers to review the business. De La Rue’s banking syndicate, led by HSBC, has appointed FTI Consulting to negotiate the future of its borrowing arrangements with lenders, according to Sky News Last November, the firm said [...]
Mark Zuckerberg ‘accepts’ Facebook may have to pay more tax in Europe February 14, 2020 Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future. The social media giant’s founder said he understood the “frustration” surrounding the issue and backed plans from think tank, Organisation for Economic Co-operation and Development, to find a global solution. Facebook and other tech giants [...]
Extinction Rebellion dig up Home Office lawn in mining protest February 13, 2020 Environmental activist group Extinction Rebellion has targeted government buildings by digging up layers of turf. Images on Twitter show activists excavating landscapes of turf outside offices on Marsham Street which house the Home Office and Ministry of Housing, Communities and Local Government (MHCLG). The group say they are doing this in protest at proposals for [...]
Cum-ex: The mammoth European financial crime scandal comes to London February 13, 2020 Denmark has a long history of exports across the North Sea. The Vikings, Bacon, Lego, hygge, the Schmeichels, and now, mammoth fraud trials. The Danish taxman is pursuing a $1.9bn (£1.5bn) fraud claim through the UK courts against British businessman Sanjay Shah and more than 70 other individuals and companies. The huge High Court case [...]
First coronavirus case reported in London February 12, 2020 The first case of coronavirus has been confirmed in London, according to reports. The patient is reportedly a woman and contracted the virus in China. She has been transferred to Guy’s and St Thomas’ hospital. The BBC reported that the patient developed symptoms of coronavirus after landing at Heathrow, called NHS 111 and then tested [...]
Extinction Rebellion to target Barclays, PwC and News Corp in new wave of protests February 12, 2020 Climate change activist group Extinction Rebellion said today it would target the financial industry in a new wave of protests this year. The group’s co-founder said Barclays Bank, Big Four accountancy firm PwC and media group News Corp would be among the targets of direction action. Gail Bradbrook told Reuters that “the economic system is [...]
London Chamber of Commerce and Industry releases its London mayor election manifesto February 11, 2020 The next mayor of London should prioritise digital infrastructure and immigration reform to boost economic growth post-Brexit, according to the London Chamber of Commerce and Industry (LCCI). The advocacy group’s manifesto for the London mayoral election was released today, detailing a a wish list of policies for the victor of May’s poll to implement. Among [...]