The case for the Garden Bridge is “weaker than in 2014” says the Treasury February 9, 2017 A Treasury report has questioned the business case for London’s controversial Garden Bridge. Officials told MPs that “the overall case for the project is weaker today than it was in 2014”. In an analysis sent to Parliament’s Public Accounts Committee, Treasury permanent secretary Tom Scholar said there are “significant uncertainties” about some of the benefits the [...]
Severe delays on the Jubilee line due to faulty train at St John’s Wood February 9, 2017 There are severe delays on the Jubilee line this afternoon, due to a faulty train. Transport for London said the disruption, which is affecting services on the entire line, was caused by a faulty train at St John's Wood. TfL said it was currently fixing the broken down train. https://twitter.com/jubileeline/status/829691495926083589 The Jubilee line was disrupted [...]
A Middle Eastern royal has spent £21 million on a garage in one of London’s most expensive districts February 9, 2017 A Middle Eastern royal has come up with a clever way of dealing with London's notoriously difficult parking system, spending £21 million to buy an entire parking garage. According to a report in The Times, the unnamed Gulf royal bought the parking garage in the Knightsbridge district of the capital to store their collection of [...]
Four stations, 65,000 extra journeys and 25,000 homes: TfL just gave us more details about its massive Bakerloo Line extension February 9, 2017 Transport for London (TfL) has set out new details about its much-anticipated Bakerloo Line extension, which will stretch from Elephant and Castle to Lewisham. TfL's plans include four new stations – two on Old Kent Road, one interchange at New Cross Gate and one at Lewisham, although it added there is potential for a further [...]
This is what Londoners want within walking distance of their homes February 9, 2017 When it comes to buying a home, Londoners are the most demanding customers in the country. In the UK as a whole a staggering 25 per cent of people say they "wouldn't need anything in particular" near their homes, according to a survey by YouGov. Read more: This is how far house prices have plunged in [...]
Snow in London as Met Office warns of wintry weekend weather February 9, 2017 Parts of London have seen snow this morning, and further showers are set to fall on the capital over the weekend. Twitter users reported a light dusting in various parts of east London. Light #snow in #Shoreditch, #London. #publicserviceannouncement — Rob (@robhallifax) February 9, 2017 It's snowing in Tower Hill! #snow #London pic.twitter.com/et6hlsTqoC — Lucy [...]
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 [...]