Financial sector contributed record level of UK tax in 2019 January 7, 2020 Britain’s financial services sector contributed a record £75.5bn in tax in 2019, according to a new report on behalf of the City of London Corporation, amounting to 10.5 per cent of all government tax receipts. The report, carried out by accounting giant PwC and released today, highlighted the value of financial services to the UK [...]
Westminster council proposes to scrap ‘depressing’ phone boxes January 6, 2020 Up to 1,000 phone boxes may be removed throughout the borough of Westminster. The Westminster City Council has proposed scrapping the vast majority of the near 1,000 phone boxes that are in the borough, arguing they are not used. Read more: Political fallout threatens the future of Westminster Holocaust memorial The council is proposing a [...]
London gets less per capita transport funding than rest of UK, says report January 6, 2020 London receives one-third less in government funding per rail passenger journey compared to the rest of the country, according to a new report. A study by the Greater London Assembly (GLA) into transport expenditure found that London receives £8 per rail passenger journey from central government, compared to £12 for the rest of the UK. [...]
Rail groups slam TfL admission that Crossrail won’t open until late 2021 January 6, 2020 Rail advocacy groups have slammed Transport for London’s (TfL) confirmation that they do not expect the main section of Crossrail to be open before the end of 2021. Speaking to the London Assembly’s budget and performance committee today, TfL commissioner Mike Brown said he was working to a timetable of between September and December to [...]
New cycleway set to open between Greenwich and Woolwich January 6, 2020 South East London is set to get a new five-kilometre cycleway spanning from Greenwich to Woolwich. The planned cycleway will be built along the A206 Woolwich Road and will include pedestrian crossings, segregated cycle lanes and an overhaul of the Angerstein roundabout. Read more: New London cycleway to link Tower Bridge and Greenwich It will connect [...]
Revealed: London’s 10 most affordable commuter towns January 6, 2020 As the prices of annual train tickets continue to rise, life just got that bit trickier for those commuting into London every day. But for people living in the Essex town of Grays, it is not all bad, after it was revealed as the as the most affordable London commuter town. Read more: London’s best [...]
London bus drivers threaten strike action January 6, 2020 Londoners could face more travel chaos in the new year as 20,000 bus drivers are threatening to strike. Unite is preparing to ballot its members to decide if industrial action is taken over complaints of “chronic levels” of fatigue among bus drivers. Read more: RMT pledges to fight Tory plans for ‘minimum service’ during strikes [...]
London Chamber of Commerce appoints Richard Burge as new chief executive January 5, 2020 The London Chamber of Commerce and Industry (LCCI) has appointed international affairs specialist Richard Burge as its new chief executive officer. Burge has joined LCCI from his most recent position as senior adviser on Diplomatic Engagement for the City of London Corporation. Read more: London Chamber of Commerce warns dramatic rethink needed for London traffic [...]
Wall Street lenders face reporting probes by UK banking watchdog January 4, 2020 A number of Wall Street’s biggest banks are facing investigations from the UK’s banking regulator regarding concerns of widespread financial reporting failures. The Prudential Regulation Authority (PRA) is commissioning reports on the quality of data being supplied to it by companies including Goldman Sachs and Morgan Stanley, according to Sky News. The UK operations of [...]
Almost 3.5m people of working age in the UK have never had a job, study finds January 4, 2020 The number of people aged between 16 and 64 to have never had a paid job has increased by 50 per cent over the last 20 years, according to a new study by think tank Resolution Foundation. It found that 3.4m people in the UK had never had a job, or 8.2 per cent of [...]