Moody’s downgrades TfL’s debt, says pandemic damage ‘unlikely to be reversed’ June 15, 2021 Credit agency Moody’s has this evening downgraded Transport for London’s (TfL) debt, saying that the transport network’s finances have “been durably and materially weakened by the pandemic”. The ratings agency said that the government’s unwillingness to provide “clarity” on the operator’s long-term finances meant that “this erosion in its financial strength is unlikely to be [...]
Queen’s Birthday Honours list recognises four City Corporation figures June 15, 2021 A City of London Corporation Member, a transport expert and leaders in the charity and education sectors have been recognised in the Queen’s Birthday Honours. The four will receive awards for their work supporting communities in the Square Mile and across London, including during the COVID-19 crisis. Henry Jones, who has represented Portsoken ward on [...]
Transport for London is ready to herald the return to work June 14, 2021 When the nation entered the first lockdown in March last year, many Londoners put away their Oyster or travel card oblivious to just how long it would be before it would be used next. At the time, Government guidance was – and continues to be – to “work from home where possible”. Buses, trains and [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
August shutdown for swathes of Circle and District lines June 11, 2021 Large stretches of the Circle and District underground lines will be closed for nine days in August due to engineering work, Transport for London (TfL) warned today. From 4-12 August, here will be no service between Edgware Road and Aldgate via Victoria on the Circle line and from Earl’s Court to Aldgate East on the District line. In addition, over the [...]
Citymapper helps us navigate our cities but now they need to find a way to profit June 11, 2021 There is immense value in being able to navigate around major cities on the go, avoiding the stress of checking multiple forms of transportation on varying platforms, especially as we start exploring again post-lockdown. Citymapper, an app almost ubiquitous in cities like London, is built with a simple and functional interface to make it the [...]
Female entrepreneurs are being held back by old-fashioned ideas of who can start a company June 10, 2021 London is wasting half of its talent, but it’s not just London. It’s UK wide. We’re an incredibly entrepreneurial nation. Even during a global pandemic, the capital has emerged from lockdown with 6 per cent more new businesses than from the same period last year, according to the Centre for Entrepreneurs. And yet, half of our [...]
Go-Ahead reports highest passenger numbers since pandemic began June 10, 2021 Transport group Go-Ahead today said its annual outlook had improved as rising vaccination rates drove passenger volumes to the highest level since the pandemic began. The company said profit expectations for its London and international bus units have increased, as well as its rail services. Following the update, shares in Go-Ahead rose 0.1 per cent [...]
Transport for London mulls cutting Tube and bus services in bid to find £900m in savings June 8, 2021 Transport for London (TfL) may be forced to cut Tube and bus services, Sadiq Khan has confirmed, as it scrambles to find £900m in savings a year under the terms of the government’s latest bailout. Last week ministers agreed a new six month funding agreement for the transport network worth £1bn, but the deal comes [...]
Open up UK-US travel corridor, airline bosses plead ahead of G7 summit June 7, 2021 The chief executives of all the airlines which run transatlantic services have come together to once again call for the reopening of the US-UK travel corridor. Routes between the two countries are a central source of income to airlines such as American Airlines, British Airways, Delta Air Lines, JetBlue, United Airlines and Virgin Atlantic, which [...]