London Remainers drag down consumer confidence in the capital October 17, 2016 London consumers are feeling less confident than the rest of the UK, data out today shows. Confidence fell in London during the third quarter despite climbing to a five-year high across the rest of the country, according to the latest survey from accountancy giant Deloitte. Consumer sentiment in the capital fell by three percentage points over [...]
London travel disruption: Delays and cancellations on trains in and out of Paddington due to person hit by train October 14, 2016 Travellers journeying through Paddington could be affected by severe disruptions at the station this afternoon, after a person was hit by a train this morning between Ealing Broadway and Southall. National Rail said the line between the stations is blocked while emergency services deal with the incident. Some services will be cancelled, while others are delayed, [...]
Airport expansion go-ahead could coincide with the general election October 13, 2016 The government is set to decide on airport expansion in the south east next week, as legal experts warn that a lengthy process means consent is not likely to come before 2020 – an election year. Kevin Gibbs, planning partner at Bond Dickinson who has advised on airport expansion since the government’s 2003 whitepaper, The [...]
Luton Airport hits the 14 million passenger mark October 13, 2016 Luton Airport has reached another milestone – 14 million passengers have flown through the airport in the past 12 months. September marked its 30th consecutive month of passenger growth. There was a 15.6 per cent increase compared with the same period last year. In total a record 1.4m passengers chose to fly from London Luton Airport (LLA) [...]
Don’t pass Heathrow’s third runway costs onto customers, warns British Airways boss October 13, 2016 As speculation grows over the government's anticipated airport expansion decision next week, British Airways has said it would be "totally unacceptable" for carriers and passengers to bear the cost of construction. Alex Cruz, chief executive of BA, told the British Air Transport Association that while a third runway at Heathrow Airport was "overwhelmingly" the obvious choice, [...]
Create an engineering legacy for the UK, Chris Grayling tells HS2’s international bidders October 13, 2016 The UK's biggest infrastructure bidding frenzy starts today – with firms competing for seven packages of civil engineering work to build the first phase of HS2. Nine international consortia are submitting final bids to win nearly £9bn of contracts, and yesterday, Chris Grayling warned that only those who convince they will invest in a legacy of [...]
Infrastructure delays cost the UK £48,000 a minute October 13, 2016 The nation is being held back by infrastructure delays – and they're proving costly. A one-month delay in the transport infrastructure pipeline means the UK economy will miss out on around £2bn of investment-related GDP over the next five years – equivalent to £48,425 for each minute of delay. That’s according to research by the Centre [...]
British electricals business Luceco sets sparks flying with £200m float October 12, 2016 A British electricals business is planning a float worth at least £200m, giving a new spark to the UK’s initial public offering (IPO) pipeline. Luceco, an LED lighting and portable power manufacturer, is aiming to raise £25m from the flotation which could go ahead as early as next Monday. An equity holder in the company, Epic [...]
London businesses remain upbeat about growth for next two years October 12, 2016 Almost three-quarters (73 per cent) of SMEs predict that they will experience moderate to considerable growth over the next two years, according to research out yesterday. Albion Ventures, a British venture capitalist investor, has found that only five per cent of small businesses believe they will shrink or fold in the same time period, with [...]
Beyond Heathrow versus Gatwick: The government should set airports free to compete for future growth October 12, 2016 The question of where to build a new runway in the South East has been stuck in the hangar for decades. But the lack of progress has not been for want of trying. Far from it. In fact, for all the time that’s been devoted to this issue over the last 40 years, we should have [...]