Keir Starmer’s approval ratings plummet to same level as Jeremy Corbyn’s June 8, 2021 Keir Starmer's approval ratings plummet to same level as Jeremy Corbyn's
Transport for London mulls cutting Tube and bus services in bid to find £900m in savings June 8, 2021 Transport for London (TfL) may be forced to cut Tube and bus services, Sadiq Khan has confirmed, as it scrambles to find £900m in savings a year under the terms of the government’s latest bailout. Last week ministers agreed a new six month funding agreement for the transport network worth £1bn, but the deal comes [...]
London’s future prosperity depends on a sustainable future for TfL June 7, 2021 News of the latest financial support package for Transport for London (TfL) will have been met by sighs of relief across London. At the very least, buses, trains and tubes will continue running for the next few months. But fundamental questions about TfL’s future and how public transport is funded remain unanswered. Should a transport [...]
Waterloo & City line re-opens ahead of schedule as tube use rises June 7, 2021 Waterloo & City line re-opens ahead of schedule as tube use rises
Exclusive: Government set to take ‘gentle’ approach to get people back to the office June 4, 2021 The government is set to take a “gentle” approach in getting people back to the office this summer, with working from home advice also expected to be scrapped on 21 June if the roadmap goes ahead as planned. Government sources told City A.M. that ministers will not take a hardline approach to get people back [...]
TfL funding uncertainty puts vital HS2 link ‘at risk’ June 4, 2021 Vital London transport projects, including a new rail branch deemed vital to the success of HS2, may have to be mothballed due to continued uncertainty over Transport for London’s future funding. Earlier this week the government gave the transport network yet another short-term deal, worth around £1.1bn, much to TfL’s dismay. But now a new [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
Brits borrowed billions in April as housing market boomed June 2, 2021 Mortgage borrowing hit £3.3bn in April as house prices rose at their fastest rate in five years, a trend driven largely by the extension of the stamp duty holiday. April’s mortgage borrowing was significantly lower than March’s £11.5bn figure, however, according to the latest figures from the Bank of England, despite mortgage approvals hitting 86,900, [...]
Transport for London secures £1.08bn emergency funding deal June 1, 2021 Transport for London has secured a £1.08bn emergency funding deal with the government to provide financial support during ongoing Covid-19 restrictions. The latest cash injection, agreed with the Department for Transport, will cover the period from 29 May until 11 December. The funding package is designed to contribute to the organisation’s revenue loss due to [...]
Thinking around corners on UK rental market could transform life for the better June 1, 2021 With pubs and restaurants open across London once again, the capital’s young professionals can return to one of their favourite pastimes: gathering together over a drink to complain about the rental market. We all know the stereotypical ladder: you begin in a slightly shabby, probably shared flat, you move on to somewhere on your own [...]