Khan tells PM his levelling up agenda will fail without long-term TfL funding January 17, 2022 The government’s plan to “level up” economically deprived parts of the UK will fail if Transport for London (TfL) is not given a long-term funding deal, London mayor Sadiq Khan has said. Khan today warned “tens of thousands of highly skilled jobs” across the UK were being put at risk by the government’s unwillingness to provide [...]
UK joining CPTPP won’t hurt environment or workers’ rights, says think tank report January 17, 2022 The UK’s ascension to the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc will not lead to worse environmental standards or a diminishment of workers’ rights, according to a new think tank report. The Thatcherite Centre for Policy Studies think tank found new trade activity coming from joining the bloc would only [...]
City chiefs draw up plans to create new market in post-Brexit tech drive January 16, 2022 City chiefs are drawing up plans to shake up the capital’s listing structure to attract fast-growing tech companies, according to reports. The London Stock Exchange (LSE) has tabled proposals to erode the normal lines between public and private companies. Private firms would be given access to a special market to allow them trade shares on [...]
‘A real tower of strength’: City grandee Paul Myners dies aged 73 January 16, 2022 City grandee Paul Myners, known as a steady ship in the capital’s financial affairs, has died at the age of 73. The former Labour minister was brought into Gordon Brown’s government to help tackle the financial crisis of 2008, after making a name for himself in the fund managing space. Former prime minister Brown called [...]
Cyclists overtake motorists on A-roads January 16, 2022 The number of cyclists has surpassed that of motorists on several UK A-roads, according to Department for Transport (DfT) data for 2020. In London, 87 per cent of traffic on sections of Lambeth Road consists of cyclists while in the City, Royal Mints Street has registered 81 per cent of cycling traffic, the Sunday Times [...]
Netflix revenue forecast for growth despite encroaching competition January 16, 2022 Netflix’s revenue has been forecast for growth this week, despite its share price tumbling from its record high in November. Revenue is expected to come in at $7.7bn, according to chief market analyst at CMC Markets Michael Hewson, after the streaming giant secured $7.4bn in its third quarter. However, profits are anticipated to be lower, [...]
Covax scheme hits 1bn vaccine deliveries despite supply chain struggles January 16, 2022 The global Covax scheme, which ships Covid-19 vaccines to low-income countries, has delivered one billion jabs as of today. The UN-backed programme has been knocked by disrupted supply chains and “catastrophic outbreaks” locking up supply, according to the World Health Organisation (WHO). Vaccine stockpiling and “hoarding” in wealthier countries has also hindered its progress, the [...]
Patagonia boss calls on businesses to ‘justify’ sustainability claims January 16, 2022 Patagonia’s boss has once again slammed businesses for greenwashing, a practice which sees companies inflate their sustainability to lure in consumers. The outdoors retailer, which has been making fleeces from recycled bottles since the 90s, in 2011 issued a full-page advert in the New York Times urging customers to rethink their Black Friday purchases, even [...]
Tourism industry in danger as foreigners stay away January 16, 2022 The UK tourism industry is in danger as foreigners still remain away, according to a survey from the Tourism Alliance. Data has showed that 52 per cent of tourism businesses – including tour operators, language schools and events – suffered a fall in revenue over 50 per cent, while almost a quarter of them still [...]
Nadine Dorries hints at upcoming axing of BBC licence fee as funding is frozen January 16, 2022 Culture secretary Nadine Dorries has hinted the BBC licence fee will soon be scrapped as she oversees a two-year freeze on funding for the public broadcaster. Dorries took to Twitter today to confirm a Mail on Sunday story about the BBC licence fee being frozen for two years, which will lead to an effective funding [...]
