Whitty report says toxic air pollution down 44 per cent in central London thanks to ULEZ December 8, 2022 London has emerged as a “world leader” in tackling toxic air pollution according to a new report by chief medical officer Sir Chris Whitty. His latest findings reveal the dangers of pollution in the capital, but show Nitrogen Dioxide (No2) concentrations by roads are down a fifth in inner London and 44 per cent in [...]
Rachel Reeves: Macron is ‘eating UK’s lunch’ when it comes to global investment December 7, 2022 French President Emmanuel Macron is “eating the UK’s lunch” when it comes to attracting global investment, shadow chancellor Rachel Reeves has said. Reeves today told City A.M. that France was stealing investment away from British start-ups post-Brexit, with the shadow chancellor promising to help pension funds unleash billions of pounds of long-term capital into the [...]
City Hall politician warns Bolt of licence issues if workers’ conditions not improved December 5, 2022 A leading City Hall politician has warned ride-sharing app Bolt it could be barred from operating in the capital unless it improved its drivers’ pay and conditions. Labour transport lead Elly Baker has tweeted that Bolt should give its workers “the rights they deserve,” otherwise it would face “serious questions over its licence to operate [...]
TfL to invest £8.1bn into London’s road and rail network December 1, 2022 TfL is set to invest £8.1bn into London’s road and rail network as part of its long-term business plan. Set to support London’s economic recovery whilst achieving financial sustainability, the draft plan includes an annual £150m expenditure in safe and active travel, as well as a £110m scrappage scheme. The scrappage scheme will help offset [...]
Major City report sheds light on ‘class ceiling’ blighting financial services November 30, 2022 A major City report into social mobility has called to “break the ‘class’ ceiling” and get more people from non-professional backgrounds in boardrooms. The industry must “act now” to make the workforce more socio-economically diverse, with a lofty goal of at least half senior leaders in financial and professional services being from that background by [...]
Exclusive: Business rates hike a ‘ticking time bomb’ for London economy, Mayor warns November 29, 2022 Thousands of squeezed London businesses are now facing a “ticking time bomb” in the form of coming tax hikes, London Mayor Sadiq Khan has warned. Khan revealed to City A.M. last night that business rates will increase in 28 of the capital’s 32 boroughs in 2023, just as the UK is predicted to go into [...]
Sadiq Khan presses ahead with London-wide ULEZ expansion November 25, 2022 Sadiq Khan has pressed ahead with his decision to expand the ultra-low emission zone London-wide from next August. The ultra-low emission zone (ULEZ) is aimed at cleaning London’s air, forcing vehicles that don’t conform to the environmental standards to pay a daily £12.50 to enter. It will also help relieve congestion in the capital. The [...]
Fresh cash will save 53 bus routes as Sadiq Khan warns ‘tough decisions needed elsewhere’ November 23, 2022 Over 50 London bus routes were saved today after London mayor Sadiq Khan announced a £25m worth of annual funding. The extra cash will be used to prevent 53 routes from being withdrawn following concerns from thousands of Londoners. The £25m per year will be in addition to a £500m facility set up by City [...]
Starmer: Labour has no interest in a Swiss-style Brexit deal November 22, 2022 A future Labour government would not pursue a “Swiss-style” Brexit arrangement to bring the UK closer to the EU, Sir Keir Starmer has said. The opposition leader, writing in City A.M., said a new Brexit deal to increase regulatory alignment with Brussels will “not be the fix some imagine”. The government has been forced this [...]
Starmer: UK must be weaned off its ‘immigration dependency’ November 21, 2022 The UK can no longer rely on “low pay and cheap labour” to spur economic growth and must be weaned off its “immigration dependency”, Labour leader Sir Keir Starmer will say tomorrow. Starmer will tell the Confederation of British Industry’s (CBI) annual conference that a Labour government will “start investing more in training up workers [...]