Northern Line misery as severe Tube delays and Bank branch issues hit commuters January 15, 2020 Northern Line commuters face a miserable journey to work today after a faulty train left the line running with severe Tube delays southbound and a limited Bank branch service. Southbound passengers changed at Camden Town this morning for Bank services before Transport for London (TfL) told them no Bank trains were running after the earlier [...]
Watchdog to introduce credit card gambling ban from April January 14, 2020 The gambling watchdog today confirmed it will ban the act of betting with credit card deposits from April. The block will target all online and offline betting to clamp down on problem gambling, apart from “non-remote lotteries” like the National Lottery, where payments are taken face to face. “The ban that we have announced today [...]
Iran plane crash: Hassan Rouhani vows to punish those responsible for ‘unforgivable’ tragedy January 14, 2020 Iran’s president has called the fatal missile attack on a passenger plane an “unforgivable error” and vowed to punish those responsible. It has emerged that some suspects have been arrested in connection with the Iran plane crash. Hassan Rouhani added that authorities would investigate the “tragic” crash thoroughly, adding that “one person cannot be solely [...]
Sterling sinks below $1.30 as hints of interest rate cut grow January 13, 2020 Sterling has fallen below $1.30 as traders expect the Bank of England to slash interest rates if the UK economy underperforms. The pound tumbled in early trading, sinking 0.5 per cent from $1.3044 to $1.2996 this morning before the release of UK GDP data. Read more: Carney rate cut comment sends pound crashing to two-week [...]
Storm Brendan: Winds of up to 80mph to lash UK January 13, 2020 Britain is preparing for forceful winds of up to 80mph and heavy rain as Storm Brendan swept into the country today. The Met Office issued a weather warning for the west of the UK today, though the Republic of Ireland will be the worst hit by the storm, with the country having an orange wind [...]
Heathrow airport breaks Christmas passenger record January 13, 2020 Heathrow airport welcomed a record 80.9m passengers in 2019 to notch a ninth consecutive year of traffic growth, it revealed today. Larger and fuller aircraft pushed the passenger growth as Heathrow airport witnessed its busiest December ever, when 6.7m passengers travelled through the airport over Christmas and New Year, up 3.1 per cent compared to [...]
Monzo co-founder quits fintech bank – to farm alpacas January 10, 2020 Monzo co-founder Paul Rippon has quit the UK challenger bank he helped begin so he can spend his time farming alpacas. Rippon, a veteran of the banking sector who has also worked at Starling Bank, will leave his role as deputy chief executive of Monzo “to go and enjoy life” with his alpacas. Read more: [...]
Will cooling US jobs growth encourage Fed to cut rates? January 10, 2020 The US economy added 145,000 jobs at the end of 2019, a figure that has raised the question of another Federal Reserve interest rate cut. While the unemployment rate remained flat at 3.5 per cent in December, the total is lower than November’s 256,000 jobs, a number boosted by striking GM staff returning to factories. [...]
Samira Ahmed claims victory in BBC equal pay tribunal January 10, 2020 Samira Ahmed has won an equal pay employment tribunal against the BBC. The TV presenter claimed she was underpaid for hosting Newswatch in comparison with the salary Jeremy Vine commanded for his similarly-structured audience feedback programme, Points of View. Read more: Samira Ahmed v BBC: The court case over a 600 per cent pay gap [...]
Crossrail boss: Elizabeth Line could open in central London by summer 2021 January 10, 2020 Crossrail’s London stretch could open in “summer 2021” if a more optimistic prediction from the company proves to be accurate. Crossrail Ltd is working to launch the Elizabeth Line “as soon as practically possible” in 2021, it said today as it confirmed it plans to open the central section between Paddington and Abbey Wood in [...]