Shop ’till you drop: Christmas spending up despite rampant inflation December 20, 2022 Shopping habits die hard as Brits continue to spend across the board in the run-up to Christmas and the holiday season despite historic levels of inflation raising prices. Spending on essentials is up by an average of 43.5 per cent compared to the same time last year, with non-essential expenditure also rising by an average [...]
Stansted readies for busiest Christmas in three years with 1.2m passengers expected December 20, 2022 Stansted airport is getting ready for its busiest Christmas in three years with 1.2 million passengers expected to pass through its gates during the festive period. Airport figures published today show that around 650,000 people will depart from the north London airport between 16 December and 3 January, with 550,000 expected arrivals. According to forecasts, [...]
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding December 20, 2022 A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a fire at a high-rise block in [...]
London City Airport – Looking to the Future in 2023 December 20, 2022 Message from Robert Sinclair CEO, London City Airport I wanted to start with a thank you to all the City AM readers that have flown through London City in 2022. There was a short spell, if you can remember it, at the start of the year when the prospect of travelling even across London, never [...]
More strikes in the new year as train drivers to walk out on 5 January December 20, 2022 Britain will need to brace for extra disruption in the new year as train drivers at 15 companies have announced they will strike on 5 January. Members of the union Aslef will down tools as part of a long-standing dispute over salaries, impacting services at the likes of Avanti West Coast, Govia Thameslink and London [...]
Second strike: Nurses walk out again as five key London hospitals decimated December 20, 2022 Nurses in Britain will go on their second day of industrial action in the space of a week with five London hospitals to be the centre of the strikes. The hospitals to be affected include Great Ormond Street Children’s Hospital, Guys and St. Thomas’ and Imperial College Healthcare, Royal Marsden and NHS North Central London. [...]
FTSE 100’s winners and losers in 2022 December 19, 2022 The Christmas lull is setting in. Investors are bracing to turn off their screens and get away from the daily City grind. Trading volumes on the FTSE 100 are thinning. It’s also that time of year when financial journalists pick through the UK’s worst (and best) performing stocks over the past 12 months. Without further [...]
Network Rail slams RMT for ‘needless’ Christmas strikes December 19, 2022 Network Rail’s chief executive Andrew Haines has accused the union RMT of “causing needless misery” to its members and the UK wider economy as workers strike during Christmas. RMT members working at Network Rail will down tools from 6pm on Christmas Eve to 6am on 27 after rejecting a nine per cent offer. “RMT suggestions [...]
Border force to walk out this week as Christmas chaos to hit UK airports December 19, 2022 Millions of Britons will need to brace for additional chaos during the festive season as Border Force staff at several UK hubs are set to down tools. Around 1,000 members of the union PCS will strike at the likes of Heathrow and Gatwick between 23 and 26 as well as 28 and 31 December after [...]
Number 10: Rishi Sunak ‘deeply regrets’ Christmas strikes December 19, 2022 Rishi Sunak “deeply regrets” the strikes disrupting the Christmas period but will not bend on public sector pay demands, Number 10 has said. Sunak’s official spokesman today said it is “still in the gift of the unions to step back and reconsider the approach” as Britain suffers from a series of December strikes. Up to [...]