To tackle the challenges of our age, UK and EU finance firms must work together November 18, 2019 The economy is a hot topic this election campaign, but one issue which is attracting little attention so far is the value and significance of financial and professional services. According to new data from the Office for National Statistics, the UK exported £82bn of financial services last year, up £4bn on 2017. This gives us [...]
Crossrail to pay out millions more to firm hired to keep project on track November 16, 2019 Crossrail is set to pay out additional incentives worth millions of pounds to a US company originally hired to keep the project on track and in budget. Officials on the taxpayer-funded railway scheme are close to agreeing a deal with US partner Bechtel for a new “incentive scheme” in the next few weeks, the New [...]
Average commute increases to 59 minutes per journey, TUC study reveals November 15, 2019 Commuters are spending around 221 hours on average each year getting to and from work according to new research. The average journey to or from work took 59 minutes last year, a study by Trades Union Congress (TUC) revealed. Read more: Toxic tube a health hazard for commuters It is more than five minutes longer [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
Sadiq Khan set to build ‘just half of annual housing target’ November 14, 2019 Sadiq Khan is on track to build just half the amount of promised new housing this year, after the latest figures show he has built fewer than 5,000, with six months left to hit a 17,000 target. Figures released today show 2,202 Greater London Authority-funded houses were started between July and September, compared to 2,672 [...]
Rory Stewart launches London mayor election campaign with ideas roadshow November 14, 2019 Rory Stewart today revealed he will rely on the general public to form much of his policy platform for his mayor of London campaign. His London Speaks initiative will see Stewart and campaigners collect ideas from people throughout London on how they would improve the capital. Read more: Rory Stewart falls behind in the race [...]
Victoria line drivers prepare for November Tube strike November 14, 2019 The Victoria line will grind to a halt in two weeks’ time thanks to a 24-hour drivers strike. The National Union of Rail, Maritime and Transport Workers (RMT) said today that Victoria line drivers would walk off the job from 10pm on Wednesday 27 November for 24 hours. Read more: London Underground: Rail union threatens [...]
Tube delays hit three lines in rush hour after Edgware Road incident November 14, 2019 Severe Tube delays have hit multiple lines today after a faulty train at Edgware Road caused knock-on problems across the Underground. The entire Circle Line was suffering bad delays due to the issue, as is the Hammersmith & City Line. Read more: Revealed: These are London’s most crowded Tube lines Transport for London (TfL) urged [...]
Uber launches new safety measures in bid to secure a London licence November 14, 2019 Uber passengers will now be able to report discrimination immediately as a part of the app’s push to quell fears about safety and secure a long-term London licence later this month. The ride-hailing app was given a two-month licence extension by Transport for London (TfL) in September. TfL said it needed to see more evidence [...]
London falls out of top 10 best UK cities for living and working November 12, 2019 London is lagging behind other UK cities as a place to live and work, according to a new report, due largely to its very high cost of living. Read more: London house prices drop 1.4 per cent with market ‘in limbo’ Oxford was deemed the best place to live and work in the UK for [...]