UK rental demand up 23 per cent as scorned first-time buyers turn to lettings November 25, 2022 The UK’s rental demand has increased by 23 per cent in the last year, according to a new Rightmove research. The analysis has revealed that the increase in the UK’s rental demand is also due to many first-time buyers having to put their dreams on hold until mortgage rates go down, the Guardian first reported. [...]
Nightcap: Cocktail group urges RMT to move rail strikes in exchange for free drinks November 25, 2022 The owners of UK cocktail group Nightcap have called on the union RMT to switch the rail strike dates in exchange for free drinks. Co-founders Sarah Willingham and Michael Toxvaerd – who own the likes of Cocktail Club, Barrio and the Adventure Bar Group – pleaded with the RMT to move their planned walkout from [...]
Sadiq Khan presses ahead with London-wide ULEZ expansion November 25, 2022 Sadiq Khan has pressed ahead with his decision to expand the ultra-low emission zone London-wide from next August. The ultra-low emission zone (ULEZ) is aimed at cleaning London’s air, forcing vehicles that don’t conform to the environmental standards to pay a daily £12.50 to enter. It will also help relieve congestion in the capital. The [...]
Government and private sector pump up to £100m into HGV roadside facilities November 25, 2022 Both the UK Government and the private sector are pumping up to £100m into the improvement of HGV roadside facilities such as rest areas. Roads minister Richard Holden has announced the investment will improve facilities such as showers and restaurants as well as increase parking space. The funding will be available in the form of [...]
SMMT: Getting automotive back on track priority for 2023 November 25, 2022 Getting the automotive sector back on track is the top priority for 2023, according to the Society of Motor Manufacturers and Traders (SMMT). Chief executive Mike Hawes warned that a return to pre-Covid production levels was fundamental, “given the jobs, exports and economic contribution the automotive industry sustains.” “UK car makers are doing all they [...]
UK motor insurers to make largest annual loss in a decade due to inflation November 25, 2022 The UK motor insurance sector is set to make the largest annual loss in over a decade as a result of inflationary pressures. Analysis published today by EY has forecast that net combined ratios will reach 115 per cent this year – the worst year since 2010 – going down slightly to 114 per cent [...]
Mick Lynch: Strikes are STILL going ahead despite ‘positive meeting’ with Transport sec November 24, 2022 Rail union boss Mick Lynch has said the upcoming strikes will go ahead despite a “positive meeting” with transport secretary Mark Harper. “We won’t be any closer [to calling off the strikes] until we have a reasonable offer on the table that we can put to our members,” Lynch told journalists on Thursday following his [...]
Rules on liquids aboard flights to be scrapped by mid-2024 – reports November 23, 2022 Restrictions on liquids aboard flights are set to be scrapped by mid-2024, as newer security scanners are increasingly being rolled out. The UK Government has urged major airports across Britain to have the more advanced CT scanners installed by the summer of 2024, the Times first reported. Officials told the outlet that ministers have been [...]
Mick Lynch to meet with Mark Harper as new strikes sour festive period November 23, 2022 RMT’s boss Mick Lynch is set to meet with transport secretary Mark Harper tomorrow as the rail strikes announced yesterday are set to disrupt the festive period. The union announced on Tuesday that more than 40,000 of its members working at Network Rail and 14 other train operators will walk out throughout December and January [...]
F1 testing provider AB Dynamics ‘not impacted’ by UK financial turmoil November 23, 2022 The UK’s current financial turmoil will not impact automotive testing system provider AB Dynamics, its chief executive James Routh said. “The UK is typically about 2 per cent of our revenue, so the turmoil doesn’t really bother us too much,” Routh told City A.M. on Wednesday. “Only when it comes to dealing with local inflation [...]
