EU leaders hint there’s little to gain by choking off the City’s air in Brexit deal February 9, 2017 Pragmatism is rearing its head on the continent. Alongside recent comments from German finance minister Schauble, who has stressed the importance to Europe’s economy of finding a workable and balanced Brexit deal, we can now add EU commissioner Valdis Dombrovskis. In an exclusive interview with City A.M. today, he says it is not the EU’s aim [...]
“Our aim certainly is not to punish the UK,” insists Brussels’ financial services commissioner February 8, 2017 Politicians tend to seek the limelight. They court media interest with controversial policy ideas, catchy soundbites and displays of tribal affiliation. But it's people like Valdis Dombrovskis, quiet bureaucrats who do their best to keep beneath the radar and get their job done, who exercise a hidden power. This is particularly true of the European [...]
Top EU envoy Valdis Dombrovskis jets into town for talks with chancellor and City chiefs February 8, 2017 One of the EU's top commissioners jets into London this morning for a whirlwind pre-Brexit tour of the capital, telling City A.M. that a future deal on financial services must "work for all". Valdis Dombrovskis, vice president in charge of financial services, said the European Commission would not set out to “punish” the UK during [...]
London Assembly members pressure Sadiq Khan to rule out more money for the Garden Bridge February 8, 2017 London Assembly members are pressing mayor Sadiq Khan to guarantee the capital won’t foot the bill for the Garden Bridge’s running costs. Assembly members backed a motion 16 – 1 calling for Khan to rule out further chunks of taxpayer money being used to maintain the controversial construction. Read More: Vauxhall MP slams Garden Bridge project [...]
Mayor Sadiq Khan facing calls to make London football clubs foot £5m policing bill February 8, 2017 Mayor Sadiq Khan has been urged to ensure that London’s football clubs pay the £5m it costs to police their matches every year. The London Assembly agreed a motion on Wednesday asking Khan to lobby government for a change in the law that would make clubs foot the full bill for policing. Clubs are currently [...]
Queensbury station closed as police investigate stabbing on Tube platform February 8, 2017 Queensbury Tube station in north west London is closed this afternoon as police investigate an assault that took place earlier today. https://twitter.com/jubileeline/status/829323487911243776 A fight took place on a Jubilee line platform in the station at around 12.50pm, and one man was stabbed during the altercation, according to British Transport Police (BTP). The BTP said the [...]
“Serious questions” over mayor Sadiq Khan’s ability to balance the books as TfL fares income is down £90m February 8, 2017 The mayor has come in for criticism after Transport for London (TfL) revealed a £90m shortfall in income for the year to date against budget, pointing to fewer passenger journeys. Figures released at the February TfL meeting revealed income shortfalls across all forms of transport, with overall fares income down £90m against budget, "driven by [...]
Delays on London overground due to train incident at Dalston Kingsland February 8, 2017 There are severe delays on the London Overground network due to a fire alert at Dalston earlier this morning which left a number of people injured, with four taken to hospital. A workman’s drill which had overheated started smoking. Firefighters extinguished the battery and placed it in a bucket of sand. A London Fire Brigade spokesperson said [...]
Tailbacks as far as Fenchurch Street as Bishopsgate is closed after collision February 8, 2017 Tailbacks spread as far as Fenchurch Street this morning, after the northbound lane on Bishopsgate was closed following a collision between a van and a motorcycle. City of London police tweeted that the motorcyclist had been taken to hospital in a "serious condition" after the collision. #Bishopsgate is closed northbound due to a collision between [...]
Gospel Oak to Barking line reopens on 27 February but more disruption is on the cards after work wasn’t completed on time February 7, 2017 Good news: the London Overground line between Gospel Oak and Barking will reopen to passengers on Monday 27 February. Bad news: despite a phased eight-month closure, the work hasn't been finished on time and more needs to be done. Work began on the £130m upgrade in June 2016. Along the 14-mile route, a number of [...]