‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Guess who’s back: TfL restarts Night Tube services on Northern line from Saturday June 29, 2022 Transport for London (TfL) has announced it will restart Night Tube services on the Northern line from Saturday, two and a half years after they were initially suspended. The Northern line is the latest to see the return of the Night Tube, after services were reinstated on the Victoria and Central lines in November 2021 [...]
Aslef chief calls Grant Shapps ‘either inept or a liar’ after speech earlier today June 29, 2022 The Aslef union has slammed Grant Shapps for lying in a speech he made earlier today, where he accused railway unions of standing in the way of modernisation by carrying out strike action. “We’ve got to get out of these 20th century work practices in order that the whole thing works together and provides a [...]
Government modernising railways despite ‘unions’ best efforts’, says Shapps June 29, 2022 The UK Government is modernising the railway network “despite the best efforts of unions,” Grant Shapps said today. The transport secretary’s comments came as he announced £1bn worth of funding to replace the Victorian signalling system along the East Coast Main Line (ECML) – which connects London to Edinburgh – with a digital one. “We’re [...]
TfL extends consultation on bus cuts to 7 August June 28, 2022 Transport for London (TfL) has extended its deadline for the consultation on bus cuts from 12 July to 7 August. The public body said it wanted to give more time to people “to review, understand and provide feedback,” over its decision to cut or alter 78 of the current 620 bus routes. The public body [...]
Lufthansa warns travel chaos ‘unlikely to improve’ in the coming weeks June 28, 2022 Lufthansa has warned the ongoing travel chaos is “unlikely to improve in the coming weeks,” as labour shortages and soaring levels of passenger demand rampage through Europe. “The ramp-up of complex air transport system from almost zero to now almost 90 per cent is clearly not proceeding with the reliability, the robustness and the punctuality [...]
‘Pump fiction’: AA lambasts petrol retailers for failing to bring down forecourt prices June 28, 2022 The AA has deemed fuel prices "pump fiction" as costs at forecourts continue to rise despite a slump in wholesale.
Heathrow ordered to lower passenger charges to less than £27 after bitter dispute with airlines June 28, 2022 The aviation watchdog ordered Heathrow Airport this morning to reduce its passenger charges amid a surge in demand for flights. The Civil Aviation Authority (CAA) said the cap on the west London airport’s average charge per passenger will fall from £30.19 today to £26.31 in 2026. Adjusted for inflation, the fare will amount to £28.39 [...]
Govt’s union bill could break law, legal experts say June 23, 2022 Lawyers have said the government’s plans to overturn laws that prevent agency staff from filling in for striking workers could face legal challenges under both UK and international law. The comments come after the government set out plans to repeal the “burdensome legal restrictions” that block staffing agencies from sending in temporary workers during strikes. [...]
Fuel hikes could push taxi drivers into insolvency June 23, 2022 The surge in fuel prices could push taxi drivers into bankruptcy, according to data from London insolvency firm Company Debt. Despite falling wholesale costs, fuel at the pump went up to 189.84p on Wednesday, while diesel reached 198p a litre, one step closer to approaching the £2 a litre mark. Company Debt reported that that [...]
