Tube delays: Severe delays hit three Tube lines as Bank station disruption begins September 30, 2019 Commuters’ mornings fell into chaos today as severe Tube delays plagued the Circle Line, District Line and Hammersmith & City Line. Transport for London (TfL) urged commuters to take alternative routes as engineers grappled with a signal failure at Bromley-by-Bow station. Read more: Bank station commuters warned of travel chaos ‘until 2022’ The incident left [...]
Alone again? Cities can drive connection in an isolated world September 30, 2019 Walking across London Bridge in the morning is to feel part of a truly connected and global city. The sheer diversity of ethnicities and languages would make it difficult to say in which country this city lay. Most buildings host coffee shops and restaurants bustling with people. Offices are increasingly occupied by small businesses with [...]
The Dragon Awards celebrate the London firms working towards a fairer society September 30, 2019 As well as being the top hub for finance, London is also fast becoming known as a leading centre for responsible business and philanthropy. I strongly believe that we must shape the society in which we want to live, and not wait for it to shape us. Last week at the Mansion House, we celebrated [...]
Uber’s regulatory wild ride: Meet the man behind the wheel September 30, 2019 Uber UK and Europe boss Jamie Heywood may have only been in the job for 18 months, but he already personifies what the company has become since its angry confrontation with London mayor Sadiq Khan. That spat over Uber’s London operations has seen the previously cavalier company grow into a firm that is careful and [...]
Jennifer Arcuri allegations are politically motivated, claims Boris Johnson September 29, 2019 Boris Johnson has claimed allegations that he gave favourable treatment to businesswoman Jennifer Arcuri during his time as London mayor are politically motivated. “Everything was done with full propriety,” the Prime Minister told the BBC this morning about his treatment of Arcuri’s firm while he was mayor. Read more: Boris Johnson referred to police watchdog [...]
Boris Johnson referred to police watchdog over links with Jennifer Arcuri September 28, 2019 The police watchdog will decide whether or not to investigate Prime Minister Boris Johnson after it was alleged he gave favourable treatment to businesswoman Jennifer Arcuri during his time as London mayor. Johnson was referred by the Greater London Authority on Friday and the Independent Office for Police Conduct (IOPC) will consider whether it is [...]
Bank of England could cut interest rates if Brexit uncertainty persists, says MPC member September 27, 2019 The Bank of England may need to cut interest rates even if a no-deal Brexit is avoided, according to a member of the monetary policy committee (MPC), which sets the rates. Michael Saunders has said that the Bank may have to cut rates if the “slow puncture” effect on the economy from Brexit uncertainty persists. [...]
Workers in the City of London broke half a million in 2018 September 26, 2019 The number of workers employed in the City of London broke half a million last year, according to new data. Office of National Statistics data released today showed there were 507,000 workers in the City of London last year, up from 495,000 in 2017. Catherine Mcguinness, policy chair at the City of London Corporation, said: [...]
Tube drivers vow October disruption over ‘excessive’ track noise September 26, 2019 Tube drivers are set to launch industrial action in October over the noise levels of train tracks, saying they cause “distraction, discomfort, and anxiety” for drivers and passengers. The RMT union said 95 per cent of drivers voted in favour of taking action in a ballot covering the Jubilee, Central, Northern and Victoria Lines. Read [...]
DEBATE: Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? September 26, 2019 Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? YES, says Benedict Spence, a freelance writer. The Hong Kong Stock Exchange’s takeover attempt may not sit well with some elements of the city, nor with some in Westminster, but at a time of insecurity over the future of the nation’s [...]