West End Christmas intake to be squeezed by pandemic and cost of living at £1.55bn November 3, 2022 West End Christmas intake is set to be a quarter up from last year but still almost 30 per cent down on pre-Covid levels. Around £1.55bn is set to be splashed out in the heart of London’s shopping district, as the capital bounces back from the pandemic in a restriction-free Christmas. The cost of living [...]
How London could become a 15-minute city, without leaving its centre behind November 1, 2022 It was 2020, and Anne Hidalgo, the mayor of Paris, was launching her re-election campaign. Paris was “capable of inventing a new history without forgetting its past”, she said back then, while introducing the concept of the “15-minute city”. Fast forward two years, and Hidalgo is still the mayor of an increasingly green, accessible Paris. [...]
Mayor meets with neurodiversity campaigners in bid to make capital world-leader October 29, 2022 London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]
MPs call on Jeremy Hunt to introduce duty-free shopping at UK terminals October 27, 2022 MPs have called on the Chancellor to introduce duty-free shopping for arriving passengers at UK terminals. The All-Party Parliamentary Group for the Future of Aviation wrote yesterday to Jeremy Hunt asking him to introduce VAT-free shopping at British airports, international rail and ferry terminals “to help our sector flourish and recover” from the impact of [...]
‘Jewel in the crown’: Elizabeth Line’s Bond Street station formally opens October 24, 2022 The Elizabeth Line’s long-awaited Bond Street station opening has taken place, dubbed the “jewel in the crown of the West End’s” transport link. Crossrail’s latest new station will relieve congestion in the heart of London’s shopping district, giving more access to Oxford Circus. Its opening takes place ahead of the 6 November launch of extensions [...]
Mayor seeks development partner for £107m Greenwich industrial project October 21, 2022 The Mayor of London is seeking to regenerate a part of Greenwich in a £107m project. Sadiq Khan is appealing for a development partner to work on the 3.38-acre site at 75 Bugsby’s Way, to turn it into a multi-storey industrial complex. The plan is part of his objections to intensify industrial projects in the [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]