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      FCA charges City lawyer with insider dealing over maternity brand acquisition

      The FCA said in June any scheme must keep the market afloat in order to curb rising costs for consumers.

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Transport for London

  • Opponents hit out at Khan over pledge to scrap higher Congestion Charge

    April 26, 2021

    Sadiq Khan has pledged to attempt to scrap the “temporary” £15 congestion charge if he is reelected as Mayor of London in May, prompting a wave of criticism from his opponents. The Labour Mayor raised the charge from £11.50 last June in order to secure a government bailout for Transport for London (TfL) amid the [...]

  • Going underground (again): Tube journeys up 40 per cent as hospitality reopens

    April 21, 2021

    The number of people taking public transport in London surged back to levels not seen since October last week as punters flocked back to pubs, bars, and shops as they reopened. In total, there were about 1.4m Tube journeys made on 16 April, up from around 1m a week before – an increase of 40 [...]

  • Buzzbike CEO: Urban bike ownership will be dead in a decade

    April 21, 2021

    It’s been a long-held belief that to make cities greener, more people need to own a bike. That’s not true; I’m of the firm belief that in fact, we’re witnessing the end of bike ownership in urban areas. At the peak of COVID last spring, Boris Johnson stood in his daily briefing and declared we [...]

  • London businesses demand return of the Night Tube amid delay until 2022

    April 15, 2021

    London businesses have demanded the resumption of the Night Tube after Transport for London (TfL) said earlier this week the service will not return until at least 2022. Andy Byford, the transport commissioner for London, said the capital’s struggling transport body lacked the resources to reinstate all-night Friday and Saturday services on the Victoria, Jubilee, Central, Northern, [...]

  • TfL passenger numbers jump as retail and hospitality reopen

    April 12, 2021

    Passenger numbers on Transport for London (TfL) services jumped this morning as people rushed to back to the capital’s shopping hotspots following the lifting of some lockdown restrictions. As of 10am this morning, there were around 670,000 taps in and out of Tube stations, about a third of pre-pandemic levels. TfL said that this was [...]

  • Transport for London to face funding squeeze as journey numbers will ‘never hit pre-Covid peak’

    March 29, 2021

    Transport for London to face funding squeeze as journey numbers will never hit pre-Covid peak

  • TfL accepts emergency funding extension until May

    March 22, 2021

    Transport for London (TfL) has this morning agreed to an emergency seven week extension to its current funding deal to keep it going amid the pandemic. The transport network had been hoping to strike a long-term funding agreement with the government to begin fixing its finances, but last week transport secretary Grant Shapps pulled the [...]

  • Reducing TfL service levels risks ‘cycle of decline’ in capital, ministers warned

    March 18, 2021

    Forcing Transport for London to reduce service levels as part of its new bailout package could hamper the capital’s recovery from the pandemic and instigate a “cycle of decline”, a group of London business leaders has said. It came as the transport network warned that it had no more mega-projects planned after current works are [...]

  • More than 2,000 TfL bus drivers have caught Covid-19 since October

    March 17, 2021

    More than 2,000 Transport for London (TfL) bus drivers contracted Covid-19 in the four months between October and January, new data from the operator has shown. According to figures collected from the contractors which run the capital’s bus services, 2,017 of around 25,000 drivers caught the virus in that period. The operator only started collecting [...]

  • Waterloo and City line to reopen as early as May, London Underground chief says

    March 17, 2021

    London Underground chief says Waterloo and City line to reopen as early as May

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