‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Impact of infernos on the capital: 2,600 calls to Fire Brigade, 41 properties lost, 16 firefighters injured July 20, 2022 The impact of fires that raged over the last two days has been laid bare, with services stretched, emergency responders injured and multiple houses and businesses lost. The London Fire Brigade received an almost nine-fold increase in the number of calls for incidents they had to respond to yesterday, was the “busiest day we’ve had [...]
Heatwave: London fire chief calls for urgent barbecue ban as blazes rage in record heat July 19, 2022 An urgent and immediate ban on disposable barbecues has been called for by the London Fire Brigade as multiple blazes rage across the country. The emergency service said it had attended more than 1,000 grass and open land fires since the start of June, as the UK recorded its hottest ever temperature today. The Brigade’s [...]
Londoners heed call not to travel in extreme heat with near 50 per cent drop in Tube use from pre-Covid July 19, 2022 Londoners are heeding the government’s advice and staying at home due to the extreme heat, with entries and exits on the train network down almost 50 per cent. During the morning rush-hour on Tuesday, there were 1.03 commuters using the Underground, marking a 47 per cent drop on pre-pandemic levels. This was also 30 per [...]
Heatwave: London Luton Airport suspends all flights as high temperatures damage runway July 18, 2022 London Luton Airport has halted all flights as record high temperatures damaged the runway. Temperatures in London are currently 38c as England faces an unprecedented heatwave that has caused disruptions to travel. “Following today’s high temperatures, a surface defect was identified on the runway. Engineers were called immediately to site and repair works are currently [...]
Heatwave: Severe delays on almost all tube lines as journeys down by 18 per cent from last week July 18, 2022 Londoners have stayed at home to avoid the extreme heat and travel disruption, with a marked decline in the number of journeys made today. London Mayor Sadiq Khan warned the train network would be operating with speed restrictions, which may cause delays, and commuters should consider working at home. On Monday morning, a number of [...]
Exclusive: Starmer says UK can be better off outside EU than inside July 16, 2022 Labour leader Sir Keir Starmer has told City A.M. that the UK can have a better economic future outside the EU than inside if the government slashes post-Brexit red tape and diverges from Brussels’ regulations. Starmer, formerly a staunch Remainer and advocate of a second referendum, said this can only be done through greater “flexibility” [...]
Heatwave: Extreme Red warning announced as temperatures to fetch record-breaking 40c next week July 15, 2022 The UK Met Office has issued a red extreme heat warning as temperatures of 40c are forecast for the first time. The move comes ahead of forecasts that next week on Monday and Tuesday it is expected to reach between 38 and 40 degrees. The record temperature for the UK is 38.7C reached in 2019. [...]
London’s Royal Albert Docks: PwC liquidators brought in after Chinese firm severed from development deal July 14, 2022 Administrators have been called in to liquidate firms involved in a major regeneration project at the Royal Albert Docks. PwC appointed three joint liquidators for 23 firms within the east London site, after the China-based ABP Group failed to pay creditors over the last two years. Mayor Sadiq Khan tore up an agreement with ABP, [...]
Last-minute funding deal for TfL but still no sign of long-term agreement July 13, 2022 Transport for London (TfL) has received yet another short-term extension to its funding deal from central government just hours before an existing bailout was set to expire. “We have today agreed with the government that our existing funding agreement will be extended until 28 July 2022 so these discussions can be continued,” the public body said today. It [...]
Chicago Mayor: Brexit could be ‘real opportunity’ to forge closer ties with London July 13, 2022 The Mayor of Chicago said Brexit could be a “real opportunity” to forge closer ties with London today as she looks to court fintech firms on a trip to the Capital this week.