This study says Uber-style ride-sharing and carpooling could dramatically reduce city traffic January 3, 2017 London's roads – and the millions of people who travel on them – have reached an unprecedented gridlock. Congestion is estimated to be costing businesses in the capital £237m every year, while Londoners are wasting a week each year, on average, stuck in traffic jams – not to mention the impact on people's health of high [...]
Labour and the Conservatives can’t stop blaming each other for rising train fares January 3, 2017 London's Labour mayor Sadiq Khan and Conservative politicians are blaming each other for the rising cost of rail travel this morning. Commuters returning to work this week are set to see their train fares rise by an average of 2.3 per cent. And both sides of the political spectrum have gone on the attack this [...]
Rail fares have increased twice as fast as wages in the past 10 years January 3, 2017 Ah, January. No alcohol, running in the cold – and the traditional annual rail fare increase. This year, fares are set to rise by 2.3 per cent, while Tube fares are also due to rise (despite Sadiq Khan's assurances to the contrary). And if that doesn't make you miserable enough, new research has shown UK [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
From the wrong kind of snow to wet leaves: The Elizabeth line is undergoing all-weather testing to be ready come rain or shine December 30, 2016 You know all those recent disruptions the Piccadilly line was dealing with due to wet leaves and pesky cold weather? Well, Transport for London (TfL) is making sure that come rain or shine, the Elizabeth line will not suffer such a fate. In fact, it's currently undergoing some gruelling testing in readiness for any possible weather [...]
From Brexit to Trump, interest rates to the steel crisis, these are the pictures that defined business in 2016 December 28, 2016 Let's face it, a lot's happened this year. 2016 was the year that brought us surprise, seismic political changes, pushed commodities markets through yet more turbulence and took down another stalwart of the British high street. @afneil If you're at a Quiz in the future and the question starts 'Which year did . . ' [...]
The City could soon get a £5m “ring of steel” to protect it from vehicle-based terror December 24, 2016 A £5m "ring of steel" surrounding London's Square Mile could be installed to protect the City from terrorist attacks. Measures including manned checkpoints, rising steel bollards and crash-proof barricades has been proposed by the City of London Corporation on the advice of Mi5 and counter-terrorism police. The proposed security ring will surround Liverpool Street, the [...]
Sadiq Khan announces business representatives for 40,000 job Royal Docks development December 22, 2016 Mayor of London Sadiq Khan has unveiled the strategy leaders for a major business enterprise zone in east London’s Royal Docks. Business representatives will include executives from Deloitte and Land Securities in the Royal Docks Enterprise Zone as part of the London Economic Action Partnership (LEAP). The development is planned to create 40,000 jobs and [...]
“Generational home ownership gap” exposed: Proportion of 25-year-olds on housing ladder halves in 20 years December 22, 2016 Home ownership among 25-year-olds has fallen by more than half in the last two decades, new research shows. Twenty years ago, some 46 per cent of all 25-year-olds owned their home, according to the Local Government Association (LGA). Today, this proportion has fallen to 20 per cent. Read more: Sadiq Khan launches inquiry into foreign [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]