Rise of the TW*Ts: TfL reveals tumble in Friday morning commuters, but night owls coming back to the capital January 24, 2023 Mondays and Fridays are the quietest days on London’s tube network in a sign that post-Covid hybrid working patterns are here to stay. Data published by Transport for London (TfL) showed a 13 per cent dip in passenger numbers on any given Monday between October and December 2022 compared to the rest of the week. [...]
National Express wins £880m contract to run German rail lines January 23, 2023 National Express has been awarded a €1bn (£878m) to operate two regional train lines in the German state of North Rhine-Westphalia. The transport group’s German rail business has won €1bn contract to run the RE1 and RE11 Rhein-Ruhr-Express (RRX) lines until 2033. The Rhein-Ruhr-Express is a regional rail network in north west Germany, in the [...]
Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, City A.M. can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
How to get a foot on the property ladder in London – and you don’t need to skip avocado on toast if you don’t want to January 21, 2023 Buying your first home is a dwindling dream for many young Londoners; a dream not helped by commentators who blame millenial’s spending habits for their inability to put together a deposit o five per cent or more of the property’s value. A Netflix subscription or an ‘overconsumption’ of avocado on toast, or even the odd [...]
Analysis: Britain’s rail firms on a delayed ride to nationalisation January 20, 2023 As if the rail operators weren’t in enough hot water, with nurses having to get seven buses to work and poor Rishi Sunak forced to hop on a private plane because the trains are so unreliable. Yesterday, they were given a talking to by the rail regulator for fudging the numbers, with the TransPennine Express, [...]
Sunak accused of acting ‘like A-list celeb’ by flying to Blackpool instead of £257 strike-affected train ride January 19, 2023 Rishi Sunak has been criticised for using a jet to travel to Blackpool as he opts for flights around Britain rather than trains. The Prime Minister took an RAF jet from Northolt to Blackpool as he carried out a series of visits in northern England linked to an announcement on new levelling up funding. Labour [...]
TfL’s fare hike will hurt London’s competitiveness, City groups warn January 19, 2023 Campaigners have warned that TfL’s fare increase could hurt London’s competitiveness as mayor Sadiq Khan said his hands were tied by the government’s bailout deal. Khan announced yesterday that bus and tube fares will go up by just shy of six per cent, in line with what ministers announced for rail in mid-December. The hike [...]
Much of the blame for Sadiq Khan’s tax hikes lays in Whitehall January 18, 2023 Sadiq Khan is unlikely to be flavour of the month in too many London households this morning. Yesterday he announced a combination of top-up charges to Council Tax and an across-the-board increase in transport costs across London. The London Conservatives are, unsurprisingly, up in arms. But much of the blame lies not at City Hall’s [...]
Web3 projects and brands to feature on two floats at Brazil’s world-famous Salvador Carnival January 18, 2023 Two giant floats in one of the world's biggest carnival processions have been exclusively dedicated for promoting crypto-related projects.
TfL fare increases: How much a bus, tube or train ride will rise in 2023 January 18, 2023 Mayor Sadiq Khan has confirmed that Transport for London fares will rise in March of this year – meaning Londoners and visitors will be paying more to get around the capital. Fares on the tube, buses, and rail will go up by just shy of 6 per cent, whilst a temporary move to make over-60s [...]