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 [...]
Sadiq Khan: TfL settlement is not the deal we wanted June 1, 2021 London Mayor Sadiq Khan has hit out at the emergency funding package signed off today by Government and TfL to keep the capital running. The deal includes a raft of cuts across Transport for London’s operations and does not go as far as many hoped in providing a long-term settlement for the capital’s transport network. [...]
Grenfell group calls on government to remove combustible insulation from schools May 31, 2021 The campaign group of survivors and bereaved relatives from the Grenfell Tower disaster has said the Government must ensure that combustible material is removed from schools. The Guardian and The Times reported that combustible insulation has been used on dozens of schools since it was banned on tall buildings after the fire in west London [...]
Electric Boris bikes to join London’s fleet by 2022 May 31, 2021 Boris bikes in the capital will be getting an electric boost in time for summer 2022, as London transport gears up its clean initiatives. In a three-year sponsorship deal, 500 e-bikes are set to be added to the 14,000 bikes-for-hire fleet across the city. ‘Cycling has been a lifeline for many Londoners over the past [...]
End the political games, TfL and DfT urged, as new funding deadline looms May 27, 2021 London’s politicians and business leaders called on the government and Transport for London (TfL) to end the “political games” and agree a long-term funding deal for the network as the latest round of negotiations reached their final hours. Tomorrow the latest extension to the last funding deal runs out, leaving the operator once again without [...]
Exclusive: Sadiq Khan lags behind Boris Johnson’s housing completions record May 20, 2021 Sadiq Khan has completed just over half the amount of affordable housing in his first five years that Boris Johnson did when he was mayor of London. Numbers from the Greater London Authority (GLA) show Johnson completed 62,387 affordable homes in his first five years, while Khan has completed 34,659 in that same time period. [...]
Boris Johnson must throw his support behind London to ensure an economic recovery May 20, 2021 Many people are overjoyed to return to central London and the streets are slowly coming back to life as colleagues, friends and families meet in outdoor cafes, restaurants and bars. Talk to any cabbie or shopkeeper and they’ll tell you that business and footfall is a long way from pre-pandemic levels. Hopes are pinned on [...]