TfL needs a bailout, but nobody should give the Mayor a blank cheque As Londoners start to look forward to the end of the lockdown, TfL is in need of a bailout. Otherwise, according to Sadiq Khan, it will run out of cash. On the face of it, there’s nothing remarkable about TfL needing a bailout. Tube ridership is down 94%, buses down 85%. Even if passenger numbers [...]
Ten ways the electric car revolution will transform the global economy The world has begun a rapid switch to electric vehicles. In the first half of this year, worldwide sales were up 57 per cent to 285,000, despite low oil prices, and there are now more than 1m electric cars on the world’s roads for the first time ever. Last February, Bloomberg New Energy Finance (BNEF) [...]