Government offers extension of emergency TfL funding deal until May March 18, 2021 The government has today offered to extend its emergency funding deal with Transport for London (TfL) until May, ensuring that services will be able to continue running. The proposed deal would be TfL’s third bailout in the past year, after the body’s revenue plummeted by more than 90 per cent last March during the first [...]
Reducing TfL service levels risks ‘cycle of decline’ in capital, ministers warned March 18, 2021 Forcing Transport for London to reduce service levels as part of its new bailout package could hamper the capital’s recovery from the pandemic and instigate a “cycle of decline”, a group of London business leaders has said. It came as the transport network warned that it had no more mega-projects planned after current works are [...]
More than 2,000 TfL bus drivers have caught Covid-19 since October March 17, 2021 More than 2,000 Transport for London (TfL) bus drivers contracted Covid-19 in the four months between October and January, new data from the operator has shown. According to figures collected from the contractors which run the capital’s bus services, 2,017 of around 25,000 drivers caught the virus in that period. The operator only started collecting [...]
City Corporation welcomes plans to reopen Waterloo and City line March 17, 2021 The City of London Corporation has welcomed a commitment by Transport for London (TfL) to reopen the Waterloo and City line in the coming months. Services on the line – London’s second-most intensively used – have been stopped since March 2020. A TfL board meeting was told yesterday that the line would restart in May or June. [...]
Waterloo and City line to reopen as early as May, London Underground chief says March 17, 2021 London Underground chief says Waterloo and City line to reopen as early as May
City A.M. TV: Daily Market Snapshot (video) March 17, 2021 Recent key leadership areas of the US market were weak yesterday. That included the Russell 2000 (-1.7 per cent), the S&P600 (the small caps: -1.7 per cent) and certain transportation indices (i.e. DJ Transports and NASDAQ Transports -1.6 per cent & -2.1 per cent, respectively). Tech was one of the areas of relative strength with [...]
Half of Londoners think Sadiq Khan has not done enough to improve London’s affordability March 16, 2021 New polling shows more than half of Londoners think Sadiq Khan has not done enough to make London more affordable as his near 10 per cent council tax rise begins to take effect across the capital.
Sadiq Khan to unveil £544m plan to fund London’s Covid recovery March 16, 2021 Sadiq Khan will today announce a £544m investment in London’s jobs and high streets to help the capital recover from the coronavirus pandemic. The Mayor of London will also call on the government to match his spending plans for the city as he unveils the proposals at the inaugural London Recovery Summit. Alongside the spending [...]
Department for Transport to create 650 new jobs in Birmingham and Leeds March 15, 2021 The Department for Transport (DfT) will create 650 jobs in Birmingham and Leeds as part of plans to create new outposts in the cities. The department will open a new headquarters in the Midlands city, as well as a “northern hub” in Leeds. The plan is part of a wider government drive to move 22,000 [...]
More services and hydrogen buses in Boris’ £3bn bus ‘revolution’ March 15, 2021 Prime Minister Boris Johnson has today unveiled £3bn of funding to make buses the country’s “transport of choice”. As part of the “National Bus Strategy”, the government has pledged to deliver 4,000 new British-built electric or hydrogen buses. It will also begin a consultation on ending the sale of diesel buses as part of the [...]