Rail could cost £6bn per year without government reform May 17, 2022 Maintaining the railway sector without government reform could cost up to £6bn of taxpayers’ money a year, warned a report published today. An analysis by UK think tank Centre for Policy Studies (CPS) argued that without a complete makeover, the network will fall into a decline and underinvestment scenario that could force the government to [...]
Labour calls for all MPs to vote on one-off windfall tax May 16, 2022 The Labour Party is calling on all MPs to vote in favour of a one-off windfall tax on oil and gas producers as the cost of living crisis continues to bite into Brits’ pockets. The amendment will be proposed tomorrow morning during the Queen’s Speech debate and it follows an analysis published yesterday by the [...]
Cazoo’s boss Chesterman buys $1m worth of shares following price slump May 16, 2022 Cazoo’s chief executive Alex Chesterman bought $1m worth of company shares last week after the online automotive retailer’s price slumped. Following the purchase, Chesterman’s stake in the company has gone up to over 23 per cent to more than $250m, Sky News first reported. “Whilst the current macroeconomic climate has driven heightened fear in the [...]
Twitter boss ‘confident’ about percentage of spam accounts following Musk’s concerns May 16, 2022 Twitter’s boss Parag Agrawal responded to Elon Musk’s concerns saying he was confident that only 5 per cent of accounts on the social media are spam. “We are strongly incentivised to detect and remove as much spam as we possibly can, every single day,” Agrawal tweeted today. “Anyone who suggests otherwise is just wrong.” The [...]
Uber brings subscription service Uber One to the UK later this month May 16, 2022 Uber has announced it will bring its subscription service Uber One to the UK later this month. Established to rival the likes of Deliveroo Plus and Amazon Prime’s food delivery services, Uber One will give customers free delivery on Uber Eats as well as discounts on rides. “We know users across our platform have been [...]
Railway industry sets up contingency plans ahead of potential RMT strike May 16, 2022 The UK railway industry has set several contingency plans ahead of a potential strike by the union RMT, which could involve up to 40,000 workers. Network Rail said it had measures in place to “better understand the disruption it may cause to passengers and freight services.” The government-owned railway operator said it was working with [...]
Ryanair to revert to second-hand market if Boeing doesn’t step up, warns O’Leary May 16, 2022 Ryanair could revert to buying aircraft from the second-hand leasing market if Boeing were not to step up, according to the airline’s boss Michael O’Leary. O’Leary told analysts today the airline was willing to remain with Boeing but said the plane manufacturer’s management needed to “bloody well improve,” as they were “running around like headless [...]
Grand opening: Sadiq Khan cuts the ribbon of Northern line’s Bank branch May 16, 2022 London mayor Sadiq Khan has reopened the Northern line’s Bank following a 17-week closure. The line was closed between Moorgate and Kennington on 15 January to allow for upgrades including a new system of tunnels and a more spacious southbound platform at Bank station. “Today marks the first in a series of transport milestones for [...]
DfT pledges £1m to finance world’s first net-zero transatlantic flight May 14, 2022 The Department for Transport (DfT) has pledged £1m to finance the world’s first net-zero flight. Transport secretary Grant Shapps has called on the global aviation industry to work on the project, inviting international airlines to collaborate alongside the UK Government to deliver the demonstrator flight in 2023. “This trailblazing net zero emissions flight, a world [...]
Queen’s Platinum Jubilee: TfL marks monarch’s landmark by turning buses purple May 13, 2022 Transport for London (TfL) is turning buses purple in honour of the Queen’s Platinum Jubilee this June. The public body will wrap in several buses servicing routes usually associated with the monarchy, including Kensington Palace and Westminster Abbey. “London is looking forward to hosting the historic celebrations of the Platinum Jubilee in June, and it [...]
