Cleverly hails ‘close and friendly’ UK-EU ties after Brexit in landmark Brussels speech July 3, 2023 James Cleverly hailed the “close and friendly” cooperation between London and Brussels in a speech to EU parliamentarians. The foreign secretary said the “level of trust” between him and European Commission diplomat Maros Sefcovic was part of the reason the Windsor Framework was secured. He accepted that it had taken “slightly longer” than many would [...]
ULEZ: Sadiq Khan to face High Court showdown this week over divisive policy July 3, 2023 Sadiq Khan faces a High Court showdown this week over his plans to expand the Ultra Low Emission Zone (ULEZ) to most of Greater London by the end of the summer. A coalition of Conservative-led councils opposed to ULEZ claim that the mayor has acted unlawfully while attempting to expand the controversial scheme. The court [...]
Tube journeys regularly hitting over 80 per cent of pre-pandemic levels as commuting rebounds July 3, 2023 Weekday tube and bus journeys are regularly hitting over 80 per cent of pre-pandemic levels and often exceed 2019 footfall figures on the weekend, according to Transport for London’s chief operating officer Glynn Barton. The most recent week of TfL tube data shared with City A.M. shows tube trips reached over 80 per cent of [...]
London life back on top as country homes drop in price July 3, 2023 Soaring interest rates have softened the prices of luxury homes outside of London, according to new data, in a signal that the ‘move to the country’ trend fuelled by the pandemic is showing signs of slowing. The average value of luxury homes across UK markets outside of London – broadly the top five per cent [...]
Britain must meet £100bn target to unblock offshore wind supply chain bottleneck June 29, 2023 Britain risks failing to to meet its offshore wind ambitions, unless the industry is able to invest more in manufacturing and supply chains.
Bank of England’s Tenreyro warns more interest rate hikes risks pushing inflation below target June 27, 2023 A Bank of England official has said raising interest rates too aggressively could push inflation below the central bank’s target over the coming years. Departing monetary policy committee (MPC) member and professor at the London School of Economics Silvana Tenreyro today said tightening borrowing costs in an economy that is undergoing a severe external energy [...]
London Overground ties up two year extension with train operator Arriva June 27, 2023 London Overground will be operated by Arriva for another two years, as its seven-and-a-half year contract was extended this morning. The train operator has run the capital’s transport network since 2016, with it now set to continue until May 2026. It was not made clear how much the extension is worth. This comes as the UK’s [...]
RAF intercepted 21 Russian planes in last 21 days as ‘stark reminder’ of Nato’s importance June 26, 2023 RAF planes in the Nato alliance have intercepted 21 Russian jets in as many days, as the Kremlin’s war in Ukraine continues to dominate Europe. Royal Air Force Typhoon jets, which are part of Nato’s Quick Reaction Alert system in Estonia were scrambled daily over the last three weeks, as Moscow continues to provoke European [...]
St Paul’s revamp to create new public square June 22, 2023 St Paul’s gyratory is set to undergo a redesign as part of a drive to create bigger and better public spaces in London. The City of London Corporation has approved project proposals to “partially remove” the gyratory, built in the 1970s, and create the largest public square in the Square Mile. The area between the [...]
City set for office boom with 15 Shard’s-worth of new space required June 21, 2023 THE CITY OF LONDON could need as much as 20m square feet of additional office space by 2042, according to a new report, as corporates continue to invest in higher-quality headquarters. The report, conducted by Arup and Knight Frank, finds that office tenants are “seeking a step-change in the quality of space” that they offer [...]