TfL needs government support for next two years to stay afloat, says boss January 24, 2021 Transport for London (TfL) will need government financial support for the next two years to stay solvent, according to body’s commissioner. Andy Byford said today that “without government support, and with the chaos that Covid and the decimation on our finances that Covid has wrought, we absolutely will be needing financial support in the short [...]
Mayor of London pledges 999-year shared ownership lease to tackle unfair extension costs January 22, 2021 Sadiq Khan has stood up for leaseholders in the capital by pledging a 999-year shared ownership lease on homes until 2026. The mayor has delivered a new expectation that all shared ownership homes built under his new £4bn Affordable Homes Programme are sold on a long-lease basis. He wants London to lead by example and [...]
London sees biggest drop in Covid case rate as capital stays indoors January 21, 2021 London has reported the biggest drop in Covid case rates among English regions, as scientists’ warnings that hospitalis may soon be overwhelmed reverberate around the capital. The average number of infections in London fell to around 630 per 100,000 people last week, according to the latest official figures — down from 865 in the first [...]
Sunak under pressure to extend stamp duty holiday as tax break sparks housing market boom January 21, 2021 Housing transactions boomed at the end of last year driven by buyers rushing to complete deals before the stamp duty holiday deadline, putting pressure on government to extend the tax break. UK residential transactions in December were 31.5 per cent higher than the previous year, and jumped 13.1 per cent compared to November, buoyed by [...]
TfL adds 300 electric vehicle charging points ahead of ULEZ expansion January 21, 2021 Transport for London (TfL) has now installed nearly 6,000 electric vehicle charging points across London as preparations for an expanded Ultra Low Emissions Zone (ULEZ) continue apace. The transport network this morning said that it had managed to hit its target of installing 300 more charge points this year, despite delays from the coronavirus pandemic. [...]
Card payments help Paypoint offset its drop in revenue January 21, 2021 An increase in card payment transactions has helped Paypoint weather the Covid storm as it targets more retail partners amid the pandemic. Underlying group net revenue fell nearly 11 per cent to £24.5m in the third quarter following the end of its contract with British Gas. Its revenue from UK retail services fell 1.4 per [...]
AJ Bell doubles net inflows as customers flock to its plaform January 21, 2021 AJ Bell doubled its net inflows in the first quarter as it continued to attract new customers to its platform. In a trading update the investment platform said total net inflows in the first quarter reached £1.6bn, double the level reported in the same period last year. Shares in the investment platofrm dipped 0.86 per [...]
TfL gets go-ahead for 852 new homes in Acton January 21, 2021 A new development in Acton has been given the go-ahead by Ealing Council, and will provide 852 new homes for rent and sale in the area. The development covers a 3.6 hectares site and spans from Acton Town station to the level crossing towards Chiswick, TfL’s largest development to date. The new homes will be [...]
Eurostar bailout will be an ‘arm-wrestle’ with French government January 20, 2021 A top transport economist has predicted that the negotiations between the UK and French governments over a bailout for the Eurostar will be an “arm-wrestle”. Speaking to the transport select committee today, Professor Yves Crozet of the University of Lyon said that the UK would have to give ground in order to prop up the [...]
Maskforce: TfL beefs up enforcement of face coverings January 20, 2021 Transport for London (TfL) has hardened its stance against passengers refusing to wear face coverings, after figures released today showed it has handed out almost 2,000 fines for mask-flouters. TfL announced it has expanded its team of enforcement officers to crack down on a “small minority” of the public refusing to comply with social distancing [...]