Rail strikes: Hospitality says it has lost £3bn as it becomes ‘collateral damage’ in rail dispute March 16, 2023 London retail and hospitality bodies have said that the sector is “suffering” due to ongoing tube strikes as the disruptions continue to take a large bite out of the sector’s earnings. As Tube and rail strikes grind London to a halt this week, trade body UKHospitality has claimed that pub and restaurant businesses are expected [...]
New chancellor, same story: London is always left out of Whitehall’s plan for growth March 16, 2023 London won’t always keep growing if it is continually ignored by government. What will the Chancellor have to say then?
London Underground walkout hangover to compound Thursday’s rail strike – but can you get to work tomorrow? March 15, 2023 Members of the Rail, Maritime and Transport (RMT) union will walk out on Thursday 16 March and on Saturday 18 March in a dispute affecting train services in and out of London. Network Rail expects between 40 and 50 per cent of train services to run nationally but there will be wide variation across the [...]
London brought to a standstill as tube strike closes entire network and RMT lock horns with Sadiq Khan March 15, 2023 A strike by London Underground drivers has closed the entire network. Transport for London’s website shows no services are running on any Tube lines. The Docklands Light Railway and Elizabeth line are part-suspended because of the industrial action. Drivers in Aslef and the Rail, Maritime and Transport union (RMT) walked out in a dispute over [...]
Tube and rail strikes THIS WEEK: How will industrial action affect London commuters and hospitality? March 11, 2023 Parts of Britain’s rail network – including London’s underground system – will be closed during next week’s Budget day strikes, bringing the country to a standstill and hitting hospitality hard. Hospitality bosses have warned the impact of the strikes will hit pubs, bars and restaurants hard, with an estimated £2.5bn having already been lost in [...]
BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
FirstGroup: Train and bus giant’s profits surpass targets as share price edges higher March 10, 2023 Transport operator FirstGroup said profits for the year are set to surpass previous targets after a pick up in bus and train demand. The firm, which runs TransPennine Express, saw shares edge higher after it said adjusted operating profits for the 2023 financial year will be above previous guidance. It said this comes after increased [...]
The iron grip of Whitehall-think of keeping Britain’s productivity down March 10, 2023 Jeremy Hunt needs to keep the ship steady, but he’s also missing an obvious trick to allow Britain to build up it’s depleted productivity again, writes John Dickie
HS2 at risk of being ‘dismembered’ and never resurrected, peers warn government March 10, 2023 HS2 is at risk of being “dismembered” and never resurrected after further delays were announced by the Government, peers have heard. Cost-saving measures mean the construction of the Birmingham to Crewe leg of HS2 will be delayed by two years and services of the high speed rail line may not enter central London until the [...]
Government plans to delay HS2 will cost the UK more in the long term, London business group warns March 9, 2023 Delaying the construction of HS2 to save money will cost the UK more in the long term, a London business group has warned after reports the government is set to announce further delays to the already over budget and overdue project. “Delaying construction of HS2 to save money is a false economy. Failing to invest [...]