Exclusive: TfL officials watered down Croydon tram safety audit to ‘placate’ First Group November 25, 2020 Internal emails seen by City A.M. show that Transport for London (TfL) officials agreed to water down an audit into fatigue management on the Croydon tram network in a bid to “placate” the company running the service. A group of TfL executives responsible for a 2017 audit of Tram Operations Limited’s (TOL) safety standards agreed [...]
Chinese business group calls for ‘new chapter’ in UK relationship November 24, 2020 The chief executive of the UK arm of the Bank of China has called for a “new chapter” in the relationship between the two nations after a year of increasing political tension. Relations between the UK and China have soured this year, with both the domestic and overseas activities of the world’s second largest economy [...]
Energy firms call on government to embrace emissions trading after Brexit transition ends November 24, 2020 Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In a letter to Boris Johnson, the group, which includes firms such as RWE and Uniper, said that tradable carbon credits remain the best way of cutting emissions. At the moment, [...]
Oil prices hit pre-lockdown levels as vaccine rally goes on November 24, 2020 Oil prices today hit their highest levels since the spring’s historic collapse as traders continued to celebrate news of yet another effective coronavirus vaccine. Brent crude jumped 3.9 per cent across the day to touch $48 – the highest the global standard has traded at since Opec initiated a price war with Russia at the [...]
Covid-19: Travel quarantine restrictions to be relaxed in time for Christmas November 24, 2020 Transport secretary Grant Shapps has scrapped blanket travel quarantine restrictions in time for Christmas so that people can travel to high-risk "red list" countries to visit relatives.
Wizz Air slams slot suspension as it seeks to grow presence at Gatwick November 24, 2020 Hungarian carrier Wizz Air has hit out at regulators over fears that a continued freeze on airport slot rules could derail efforts to bolster its presence at London Gatwick. Under normal circumstances, airlines which fail to use 80 per cent of their take-off and landing slots have to cede some of these to their rivals. [...]
Think ‘carefully’ before travelling at Christmas, warns Shapps November 24, 2020 People should think “carefully” about travelling over the Christmas period, the transport secretary warned today, because of “limitations” on the UK’s railways. Speaking to the BBC, Grant Shapps said that people should “take a close look at any proposed journeys and routes they are taking” amid fears of overcrowding. “I would appeal to people to [...]
Sign Brexit deal to ‘give us our future’, pleads car industry November 24, 2020 The car industry has pleaded with the government to sign a post-Brexit free trade agreement by Christmas, saying that the failure to do so could cost the sector £55bn by 2025. Speaking at a Society for Motor Manufacturers and Traders (SMMT) summit, chief executive Mike Hawes said that a new partnership with the EU “could [...]
City of London calls for return to office plan November 24, 2020 The City of London Corporation has called for the government to set out a back-to-work plan to allow staff to get back to their offices as soon as possible. Responding to today’s new guidelines for the winter period, the Square Mile’s governing body said it was vital that businesses were given a “clear plan” in [...]
City of London to spearhead taskforce to tackle lack of class diversity in finance November 24, 2020 The City of London and the government are today launching a joint taskforce to tackle the lack of class diversity in the UK’s financial services sector. The announcement comes as new research found that nine in ten senior roles in financial services are held by people from richer backgrounds. The report, by social equality advocates [...]
