FCA could slap fine on TfL for not informing London Stock Exchange of Crossrail delay in July October 18, 2018 The financial watchdog is considering whether to launch a formal investigation into Transport for London (TfL) over its alleged failure to inform the London Stock Exchange (LSE) about the impending delay to Crossrail in July. On 31 August Crossrail announced that the £15.4bn Elizabeth Line, which will connect Reading and Heathrow in the west to Shenfield [...]
Buses to run for 24 hours a day under new £150m plans for Oxford Street October 18, 2018 Buses will run for 24 hours a day under new plans to develop Oxford Street which London mayor Sadiq Khan wanted to pedestrianise before the plans were abandoned in the summer. Westminster city council will spend £150m on increasing walking space in Oxford Street but two lanes of traffic will continue along the length of the street [...]
TfL and Westminster council face another clash in court over blocked CS11 cycle superhighway October 17, 2018 Transport for London (TfL) and Westminster city council could face another clash in court over a decision to block a cycle superhighway project in north-west London. Construction of the cycle superhighway 11 (CS11) came to a grinding halt in August after Westminster council mounted a successful legal challenge against the project, which is intended to link Swiss Cottage [...]
Sadiq Khan launches online Brexit resource for businesses October 17, 2018 Mayor of London Sadiq Khan has launched a website aimed at helping companies prepare for potential challenges presented by Brexit. The Brexit Business Resource Hub contains Brexit-related news, links to industry reports and a calendar containing information on related events happening in London. Read more: James Dyson: No-deal Brexit 'will not change anything' The website [...]
Sadiq Khan cuts thousands of homes from Old Oak Common project amid funding pressures October 16, 2018 London mayor Sadiq Khan has slashed thousands of homes from a flagship housing project in Old Oak Common while it waits for approval for more government funding. City A.M. understands that the decision to pull the 2,250 homes was due to concerns around a lack of government funding. In January, the Old Oak and Park [...]
London mayoral candidate Shaun Bailey faces fresh wave of criticism over teenage pregnancy remarks October 12, 2018 Conservative London mayoral candidate Shaun Bailey has faced fresh criticism after comments he made about contraception and teenage pregnancy came to light this week. Bailey said that the act of giving young people access to condoms and abortion services "normalise[s] sex" and pushes them towards a life of crime. "You have had local authorities up and [...]
Crossrail 2 boss Michele Dix says she would like tax rises to fund £30bn project October 11, 2018 The managing director for Crossrail 2 Michele Dix has said she would personally favour a rise in taxes to fund the proposed £30bn project. Crossrail 2 is a proposed route in the south east which would run from nine stations in Surrey to three in Hertfordshire, across London. It would connect the South Western main line to [...]
MPs call for £25m funding injection to extend Elizabeth Line to Kent October 11, 2018 MPs and council leaders have called for a £25m funding injection to extend the delayed Elizabeth Line to Ebbsfleet. A cross-party group of MPs, including former defence secretary Michael Fallon, Labour MP Teresa Pearce and Tory MP David Evennett, submitted their Budget submission to rail minister Jo Johnson this morning, in which they asked for the funding injection before the [...]
Forget Brexit, there’s a reason India’s top tech entrepreneurs are flocking to Britain October 9, 2018 Trade between Britain and India looks like it is about to take an almighty hit. Both sides are in a state of stalemate over a trade deal, and huge Indian companies are issuing warnings about investing in the UK post-Brexit. But scratch beneath the surface, and trade between the country of my birth and the country [...]
Crossrail faces handover to government if costs continue to rise October 7, 2018 The government could take over the reins of Crossrail from its fellow joint sponsor Transport for London (TfL) if a lid is not kept on the costs of the £15.4bn project. The Sunday Times first reported that in Crossrail's sponsor agreement, signed in 2008, there is a clause that entitles the Department for Transport (DfT) [...]