TfL and Sadiq Khan to write to government in funding bid December 16, 2019 Sadiq Khan and Transport for London (TfL) will write to the new government in a bid to secure funding for several big ticket transport projects. TfL’s newly released five-year business plan said the government’s 2019 spending round statement had not provided long-term funding certainty past 2021. Read more: Crossrail delay until 2021 may cost London [...]
Hong Kong tycoon snaps up £65m penthouse after Boris Johnson victory December 16, 2019 A Hong Kong tycoon has splashed out £65m on a penthouse apartment in Belgravia just hours after Boris Johnson’s landslide election victory was confirmed. It is understood that the deal, which is the most expensive penthouse sale this year, was completed as investors celebrated the huge Tory win. Read more: Chinese property firms in plans [...]
Well done, Boris — now it’s time to fix the UK’s infrastructure and access to talent December 16, 2019 Now that the dust has settled on last week’s election, the new Conservative government led by Boris Johnson faces the urgent task of getting on with delivering a programme that benefits households and businesses across the UK. Christmas may be around the corner, but the hard work starts now. The City of London Corporation will [...]
City of London grandees celebrate Conservative majority December 15, 2019 City heavyweights have lined up to express bullish excitement about the Square Mile’s prospects after the Conservatives’ landslide election win. Boris Johnson’s self-proclaimed “stonking” majority means the UKwill leave the EU by 31 January, which pundits say will provide desperately needed clarity for the financial sector. Read more: UK stocks surge after Conservative win ends [...]
Crossrail opens from Reading to Paddington December 15, 2019 Commuters will now be able to travel from Reading to Paddington in 58 minutes, after a limited section of Crossrail opened yesterday. The new line, under the banner of TfL Rail, marks the largest opening of any part of the Crossrail project, which was supposed to open in December 2018. Read more: TfL updates Tube [...]
Thames Water hires advisers on £12bn debt ahead of crucial Ofwat ruling December 14, 2019 Thames Water has hired restructuring experts from Gleacher Shacklock ahead of a crucial ruling from industry watchdog Ofwat. The UK’s biggest water supplier has called in the experts to advice on its £12bn pile of debt amid concern about the impact of a regulatory crackdown on its finances, according to Sky News. Read more: Thames [...]
Uber launches appeal over TfL London ban December 13, 2019 Uber has today submitted an appeal against Transport for London’s (TfL) decision to ban the ride-hailing app from operating in the capital. TfL last month stripped Uber of its licence, stating that a “pattern of failures” left passengers at risk. Read more: Uber says it received 6,000 reports of sexual assault over two-year period The [...]
London election results: Who won where in the capital? December 13, 2019 Boris Johnson has led the Conservative party to a thumping majority in the General Election, stealing scores of seats in traditional Labour heartlands. But if Jeremy Corbyn was hoping to offset these losses in London, he was left disappointed – as there was little change in the capital’s 73 constituencies. Overall, London remained predominantly red, [...]
Conservative election victory sparks sharp recovery in housebuilder stocks December 13, 2019 The uncertainty surrounding Brexit and the country’s future has long been blamed as a source of the property market’s recent struggles. However a sizeable Conservative majority in the general election has already resulted in a sharp rise in housebuilder stocks. FTSE 100 firm Taylor Wimpey’s share price rose by 11.4 per cent in early morning [...]
The green belt cannot remain sacred if we are to solve London’s housing crisis December 13, 2019 With the General Election over and the nation reflecting on the result, the focus on politics in the capital is far from over, as 2020 sees Londoners turn their attention to the race to be the next mayor. Among many key issues for discussion ahead of May’s election will be housing shortages, particularly the thorny [...]