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, [...]
London mayor Sadiq Khan brings in minimum salary of £23,000 for the capital’s bus drivers December 21, 2016 The mayor of London's office announced today that a new 'minimum professional London bus driver wage' will be introduced to apply to all new Transport for London (TfL) contracts awarded to bus companies from April next year. Sadiq Khan said he was taking the first step towards fulfilling his election manifesto promise to provide a new fairer deal for [...]
Mayor unveils walking and cycling commissioner to bridge the pedestrian vs cycle superhighway divide December 20, 2016 A Nike director has been chosen by mayor Sadiq Khan as the capital's very first walking and cycling commissioner. Will Norman, currently global partnerships director at Nike, will be tasked with getting London stretching its legs and making non-polluting travel easier. He'll also be working on the development of the capital's cycle superhighways and speaking to [...]
Prime Minister Theresa May says UK could continue paying into the EU budget and sticks to guns on Brexit timetable December 19, 2016 The Prime Minister has today indicated the UK could keep paying into the EU budget post-Brexit, provided government feels it is getting good value for money. Responding to a question in parliament from opposition leader Jeremy Corbyn about payments into the EU, Theresa May said it was the government's intention "that those funds will continue [...]