Sharp downturn would spell trouble for nearly one million renters in London August 16, 2016 There's no housing safety net to catch almost one million renters in London should the economy turn sour, a report out today warns. Analysis by Royal London of government’s family resources survey data for 2013-14 – the most recent full set of figures the researchers had available to them – showed 5.5m working adults across [...]
Ex-Barclays trio in bid to appeal their Libor convictions August 15, 2016 Former Barclays bankers Jonathan Mathew, Alex Pabon and Jay Merchant have applied to appeal their convictions for Libor-rigging offences, which were handed down last month. City A.M. can reveal that applications have been lodged on behalf of the three men, who were found guilty of one charge each of conspiracy to defraud on grounds they conspired to [...]
I quit government over Heathrow expansion: This is why I changed my mind August 15, 2016 I resigned as parliamentary private secretary to the minister of state at the Home Office and Treasury in 2009 over government proposals for expansion at Heathrow. The plan was unsympathetic to local residents, it ignored concerns about both environmental and noise pollution, and it didn’t offer enough in the way of increased surface access to [...]
Consumers want regulation – and Uber shows why markets regulate better than the state August 15, 2016 Waiting in the sweltering heat of Washington, DC for 10 minutes for an Uber, I was desperate to get into an air conditioned car. So when one pulled up right in front of me bearing the Uber sticker, my immediate reaction was relief. It was five minutes into the journey, when I glanced at the [...]
No, temperatures in London will not hit 30 degrees this week – but there’s an extra 450m litres of water on standby August 15, 2016 Londoners will avoid sweltering in 30 degree heat this week, the Met office has confirmed – though temperatures will reach a maximum of 28 degrees on Tuesday and Wednesday. The mercury won’t rise above the peak we experienced last month, when the UK basked in the hottest day of the year on 19 July, with [...]
Mayor of London Sadiq Khan boosts police funding by £3.4m to protect Night Tube travellers August 15, 2016 Around 100 extra police officers will be deployed when the Night Tube launches this weekend, as part of a £3.4m boost in security funding for the new 24-hour services. The British Transport Police (BTP) officers will patrol trains and all 51 stations on the Central and Victoria lines on Friday and Saturday night, Transport for London (TfL) [...]
More proof Southern’s still a total basket case after timetable changes August 14, 2016 After a week of travel misery among commuters with strikes on Southern Rail, commuters who feel like they're getting a raw deal will be unsurprised to hear that new figures show the operator continues to be beleaguered by cancellations and delays – despite efforts to improve. One in five Southern services are still not running on time, just [...]
Police are treating the death of a man found in Hyde Park this morning as “suspicious” August 12, 2016 The Metropolitan Police force has confirmed a body was found in Hyde Park in the early hours of the morning. Reports suggested the man's body was found near Speaker's Corner. A spokesperson for the Metropolitan Police said: "Police in Westminster were called to Hyde Park, W2, at 05.50 on Friday following concerns for a man officer attended [...]
Deliveroo defends new “flexible” pay conditions as protesters descend on HQ August 11, 2016 Deliveroo has defended its new pay conditions, describing them as "flexible", amid protests at its London headquarters. The delivery service said the action is over new pay conditions set to be trialled next week. Read more: Deliveroo just raised $275m to fend off Uber Instead of being paid an hourly rate of £7, plus £1 per [...]
London’s night-time economy could be worth £43bn and an extra 115,000 jobs August 11, 2016 Unlocking London’s night-time economy will deliver a £3bn boost to the capital and help protect London from the economic shock of Brexit, a new report has argued. Research published today said the introduction of the Night Tube, along with a relaxation of licensing laws and other tweaks to help Londoners make the most of the capital [...]