Sadiq Khan blasts government for ‘forcing London to pay twice’ for Crossrail delay December 11, 2018 Transport for London (TfL) has admitted its fare income will be £2.1bn lower than expected as it battles a "perfect storm" of pressures on its finances. In its business plan for 2019-20 to 2023-24, TfL said a “subdued” economy and a £700m reduction in central government funding for challenges facing the organisation. It said fare revenue [...]
New homes: Our pick of the new builds going on sale in London this week December 11, 2018 New developments on the market this week Hampstead Manor, Hampstead £1.75m (show apartment asking price) A show apartment launched this week in a key heritage restoration project in north west London. Part of a larger scheme that also includes new builds, this two bedroom home is in a converted building called Dudin Brown, which dates [...]
Crossrail crisis: Businesses react to £1.4bn bailout and further delay December 11, 2018 The crisis facing Crossrail deepened yesterday as Transport for London (TfL) confirmed that the delayed project could need up to £2bn in extra funding to keep afloat. Crossrail chief executive Mark Wild also admitted that the railway, which had already been delayed from December 2018 to autumn 2019, may not open until 2020. While the [...]
TfL and Crossrail to pay £15m to Canary Wharf Group if Elizabeth Line station is not complete by 2021 December 6, 2018 Transport for London (TfL) and Crossrail could have to fork out £15m to the Canary Wharf Group if its new Elizabeth Line station is not complete by 2021, City A.M. can reveal. An email from outgoing Crossrail chief executive Simon Wright, seen by City A.M., reveals that TfL and Crossrail will have to pay the sum each year if the station [...]
Crossrail boss Terry Morgan resigns after Sadiq Khan spat December 5, 2018 The chairman of Crossrail and HS2 has resigned from both roles following a dispute with mayor Sadiq Khan over delays and spiralling costs. Terry Morgan admitted last week he expected to be sacked amid rising costs and opening delays to both the Crossrail and HS2 projects. Morgan, who has led Crossrail for almost a decade, [...]
The era of security tokens December 4, 2018 A year ago, the enforcement team at the SEC would have assembled around a large table to discuss how to deal with the booming ICO market. Crypto currency start-ups had overtaken Venture Capital in fund-raising and had caught everyone off-guard. Observers around that table would have heard stories of multi-million dollar scammers, rampant and unrealistic [...]
Crossrail chairman Terry Morgan ‘in no doubt’ that Sadiq Khan was told about project delay in July December 3, 2018 The soon-to-be sacked HS2 chairman Terry Morgan has insisted he told Sadiq Khan that the £15.4bn Elizabeth Line was not going to open on time at least a month before the London mayor said he knew about the delay. Morgan, who has led the Crossrail project for a decade, told the BBC that he was in "absolutely no [...]
Unai Emery enjoys his finest hour as Arsenal overpower Tottenham in pulsating derby December 2, 2018 If the jury has been out on Unai Emery’s ability to reverse Arsenal’s fall from the Premier League’s top four then this was the most compelling evidence yet that the Spaniard’s methods are working. His team’s deserved 4-2 win over Tottenham in Sunday’s pulsating north London derby was their first over another team from the [...]
Focus On Acton: This once ‘unloved’ part of west London is transforming thanks to the imminent arrival of Crossrail November 30, 2018 For some places in London, the housing market is a complicated beast; riding high in some streets, but not in others; a tale of two postcodes; a slow-burning demographic change subtly altering the character of an area; the promise of new transport links. In Acton, it’s more straight-forward; it was once an unloved pocket of [...]
Arsenal owner Stan Kroenke has seen his biggest teams rejuvenated this season, hinting at a change in approach November 29, 2018 Stan Kroenke has had to become accustomed to criticism from supporters of his under-performing sports teams on either side of the Atlantic. For years, Kroenke’s outfits – among them Arsenal, NFL side the LA Rams and the NBA’s Denver Nuggets – have fallen short of competing for the top prizes, while the 71-year-old has shown [...]