Cabotage is the “wrong tool” for the HGV crisis says haulage industry October 19, 2021 The Road Haulage Association (RHA) has called cabotage “the wrong tool” if the UK Government wants to relieve the HGV pressure that is in part causing the supply chain crisis. Speaking in front of the Business, Energy and Industrial Strategy (BEIS) committee, RHA’s director of policy Duncan Buchanan said this morning that cabotage will be “shockingly [...]
Green light for South Korea as Squid Game fans flock to the country October 19, 2021 Travel search engine Kayak has registered a surge in the number of British people searching for flights to South Korea since Squid Game premiered on Netflix. Kayak’s research showed that searches have gone up 50 per cent since the South Korean dystopian drama premiered on 17 September. Under the current travel restrictions, travels from the [...]
Aviation regulator sets five-year cap on Heathrow’s charges October 19, 2021 The UK Civil Aviation Authority (CAA) will set a five-year price cap on the maximum charges Heathrow can ask its airline customers for using the airport. Coming into force in the summer of 2022, the cap is expected set affordable charges for airlines while making sure the airport can get back on track with its [...]
Electric intercity flights: Vertical Aerospace calls on the government to deliver by 2025 October 19, 2021 Global aerospace and technology company Vertical Aerospace is calling on the UK Government to deliver electric intercity flights by 2025. In a white paper by the name of The Future of Advanced Aerial Mobility that was published today, Vertical Aerospace has highlighted how opening up electric passenger flights would bring economic and environmental benefits to [...]
Alinda Capital to raise £350m for floating subscription October 19, 2021 Close-ended investment company Alinda Capital Infrastructure Investments has announced its intention to float on the London Stock Exchange and is raising £350m to offer ordinary shares at an issue price of 100p. The firm is also expected to issue a further 650 million ordinary shares in the 12 months following the placing programme, which will [...]
UK Government to fund nuclear plant in net zero push October 19, 2021 The UK Government is planning to fund a new nuclear power plant as part of its strategy to reach net zero by 2050. As reported exclusively by the Telegraph, the government will announce the funding before the 2024 elections and is expected to choose EDF’s proposed plant, Sizewell C. EDF said that, if approved, the [...]
UK trade bodies rebel against ‘cartel-like’ shipping costs October 19, 2021 Make UK, the trade body representing UK manufacturers, has called on the Competition and Markets Authority (CMA) to open an investigation into the shipping sector’s “cartel-like practices” when it comes to the increase in prices. Writing a letter to the CMA alongside the British Chamber of Commerce (BCC), Make UK has said that the “increase [...]
Troubles ahead for UK customers of collapsed energy firms October 18, 2021 Up to 380,000 customers of collapsed energy companies could suffer from bill shock and damaged credit ratings due to errors when moving their new suppliers. Data from solutions company Sagacity has predicted that 10 per cent of the 3.8 million customers that had to be transferred to new energy providers might suffer from data gaps [...]
Walking, cycling and urban greening: Meet London’s green development priorities October 18, 2021 London’s mayor Sadiq Khan has announced that, as part of his plan to make London net zero by 2030, new developments will need to be greener and prioritise energy efficiency and space for walking and cycling. Set today by Khan, the three pieces of new guidance – called Be Seen Energy Monitoring, Urban Greening Factor [...]
National Express buys time as Stagecoach takeover is delayed October 18, 2021 Stagecoach’s panel on takeovers and mergers has consented to an extension to the date by which National Express is required to announce its firm intention to buy the rival. National Express will have by 5pm on 16 November if it wants to go ahead and buy Stagecoach or give up on the deal altogether. The [...]
