Plans for £4bn restoration of parliament need further challenging and testing before green light is given, says Treasury Committee March 17, 2017 It would be "imprudent" for MPs to commit to the restoration of parliament that could cost up to £4bn, without more work being carried out into "the hugely expensive project", the Treasury Select Committee warned today. The Committee has launched an inquiry into the project which will cost between £3.5bn and £4bn, if carried out over [...]
City of London Corporation to regenerate the waterfront around Custom House March 16, 2017 The City of London Corporation is drawing up a master plan for redevelopment of Custom House and the buildings surrounding it in a bid to rejuvenate the City’s waterfront. Custom House was formerly used for the collection of tariffs on goods, and was rebuilt after the Great Fire of 1666 based on designs drawn up [...]
City of London wants to be an early adopter of 5G – but doesn’t know what it is March 16, 2017 The City of London is ready to give its workers the fastest possible internet speeds in the form of 5G – but doesn't know exactly what 5G is. The super-speedy mobile network is scheduled to arrive in the UK in 2020, and the City of London Corporation is committed to making sure the capital's financial [...]
The Night Tube is set for major disruption after Aslef and RMT drivers announce strikes on 8 and 29 April March 16, 2017 More Night Tube drivers have voted for strike action in a row over "fair access to full-time jobs" and will strike on the nights of Saturday 8 April and Saturday 29 April. Members of train drivers' union Aslef have voted in favour of a strike and action short of a strike. As they represent the [...]
Delays expected as Euston station evacuated after fire alarms set off – no arrivals or departures March 16, 2017 Euston station has reopened after being evacuated in a false alarm when fire alarms were set off this afternoon. National Rail warned delays were to be expected as services recover. #Euston Lines are now open following a fire alarm sounding within the station. Expect residual delays as services recover. @nationalrailenq — Network Rail (@networkrail) March [...]
Chaos on the Tube ahead of rush hour this evening with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. March 16, 2017 There is severe disruption across London's underground network this afternoon, with severe delays on the Hammersmith & City, District, Circle, Piccadilly and Victoria lines. The Hammersmith & City, District and Circle line services have been affected by an accident at Shepherd's Bush Market station earlier today, in which a man died after being struck by a [...]
Germany’s finance minister has called for London to remain a “strong” finance centre after Brexit March 16, 2017 The German finance minister has given the City a strong vote of confidence ahead of Brexit negotiations, saying it's in the EU's best interest that London remains a strong financial centre after Brexit. Wolfgang Schaeuble said he would want to negotiate a deal in which the City remains a centre of finance as any move [...]
London Easter travel disruption is on the cards as Network Rail plans major rail works March 16, 2017 Thinking about getting the train over Easter? You might want to think again, as Network Rail is planning a whole host of works over the bank holiday weekend as part of its railway upgrade plan. Fewer people use services over Easter and Network Rail said it will deliver more than 200 projects across Britain thanks to the [...]
Fintechs have a solution post-Brexit – now we must embrace the uncertainty March 16, 2017 With Article 50 set to be triggered imminently, the process of Britain leaving the EU is finally about to begin, with all that entails. Theresa May has set out plans for a Brexit that looks on the harder side of “hard”, worrying bankers and entrepreneurs alike. While fintech firms don’t welcome the prospect of regulatory [...]
Ranked: The world’s 20 best airports (spoiler – Heathrow has swooped lower) March 15, 2017 Heathrow airport has been named the world's top airport for shopping by Skytrax’s World Airport Awards for the fifth year in a row – but has fallen in the overall ranking. Heathrow fell from eighth place in 2016 to ninth in this year's overall ranking, although it was also voted the best airport in Western Europe [...]