London house prices rebound with 2.3 per cent growth after election February 19, 2020 London house prices grew at their fastest rate in 15 months in December following Boris Johnson’s election win, official figures showed today, as UK house prices also rose. Homes in the capital enjoyed a 2.3 per cent rise to £484,000 after a 2019 full of falls, according to the Office for National Statistics (ONS). The [...]
Green mayoral candidate to launch campaign with swipe at Khan’s environmental record February 19, 2020 Green mayoral candidate Sian Berry will launch her campaign today by accusing Sadiq Khan of being disingenuous about his environmental record. The Green party co-leader is expected to criticise the mayor of London for his support of the £1bn Silvertown Tunnel and airport expansions, while labelling his environmental policies as “lip service” to “green issues”. [...]
Exclusive: Bailey calls for London to host Olympics if coronavirus forces Tokyo move February 18, 2020 Former Sports minister says hosting would be “perfectly possible” as spokesman for Sadiq Khan says the capital would be ready if asked to deliver CONSERVATIVE mayoral candidate Shaun Bailey has said the Summer Olympics and Paralympics could be hosted in London if the Games are forced to move due to the coronavirus outbreak – as [...]
Knowledge of financial markets desirable but not essential for new FCA boss February 18, 2020 The Financial Conduct Authority (FCA) today published an advert for its top job where it listed familiarity with the workings of financial services and markets as “desirable” but not essential. Outgoing FCA chief executive Andrew Bailey is joining the Bank of England next month to replace Mark Carney as governor. Bailey’s tenure at the FCA [...]
London’s Tube is the world’s most dog-friendly subway system February 18, 2020 The London Underground has been rated as the world’s most welcoming subway system for four-legged locals. A report, by apartment rental company Essential Living, revealed that the Tube was the most dog-friendly subway in the world, coming ahead of the Tokyo Metro and the Madrid Metro. They are followed by subways in Paris, Seoul, New [...]
Tube fare dodging rates spike by almost 30 per cent February 17, 2020 Instances of fare dodging have increased by almost 30 per cent since 2016, leading to £116m of lost revenue for Transport for London (TfL) in a single year. TfL statistics, released by City Hall, show the number of warnings, penalty notices and prosecutions for fare dodging rose from 87, 948 in 2016-17 to 112,266 in [...]
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 [...]