New Skyscraper approved for City of London January 26, 2021 A new 30-storey skyscraper has been approved on 55 Gracechurch Street in the centre of the City of London. The new building, which the City of London Corporation has granted planning permissions for, will be located between Monument station and Leadenhall Market. It will include social and breakout zones, and the building’s floorplan will offer [...]
Long-term funding deal for TfL can ‘fuel’ UK recovery, says network boss January 26, 2021 Transport for London’s (TfL) commissioner this morning said that a long-term funding package for the beleaguered transport network could help fuel the UK’s post-Covid recovery. At the moment, the operator is currently being propped up by the second of two six-month bailouts worth a combined £3.3bn from the government. But come 31 March, TfL will [...]
New tall building at 55 Gracechurch Street approved as developers embrace post-pandemic office trends January 26, 2021 The City of London Corporation has today (26 January) granted planning permission for a 30-storey office-led development in the City Cluster, the Square Mile’s first tall building approval of 2021. The approved Tenacity scheme at 55 Gracechurch Street, located between Monument station and Leadenhall Market, embodies many of the emerging trends for post-pandemic office space [...]
TfL boss: Waterloo and City line can be opened “pretty quickly” when demand returns January 26, 2021 Transport for London’s commissioner has this morning guaranteed that the Waterloo and City line will reopen, but said that other lines were currently being prioritised. Andy Byford told City A.M. that the line was still closed for “practical” reasons. “But it absolutely will reopen, the only question is when. That can be a decision that [...]
Post-Brexit Special: Business leaders on the challenges of trading with the EU January 26, 2021 Since the start of the year, a raft of new requirements are making life increasingly difficult for UK businesses that trade with the EU. On the surface, frictionless trade should have continued, but as the UK is no longer part of the EU Single Market and Customs Union, companies have been faced with an increased [...]
London mayoral candidate fumes after being fined for touring Southwark January 25, 2021 London mayoral candidate Brian Rose was fined in Southwark on Sunday as he was out campaigning. Police spotted a legally parked bus in Southwark on Sunday morning, quickly descending on the team and issued £200 fines. Businessman Rose was recording a socially distanced video at the time and claims to have been fined despite showing [...]
TfL needs government support for next two years to stay afloat, says boss January 24, 2021 Transport for London (TfL) will need government financial support for the next two years to stay solvent, according to body’s commissioner. Andy Byford said today that “without government support, and with the chaos that Covid and the decimation on our finances that Covid has wrought, we absolutely will be needing financial support in the short [...]
Two rail lines closed in 1960s to receive £800m investment boost January 23, 2021 Two railway lines closed to passengers more than 50 years ago will be brought back to life with almost £800m of funding from the government. East West Rail, which will eventually connect Oxford and Cambridge, has been granted £760m to reopen for the first time since 1968. Ministers have also pledged £34m to accelerate plans [...]
Oil price slips on growing Covid-19 restrictions in China January 22, 2021 Oil prices fell today, weighed down by a build in US crude inventories and worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer
London leads global finance rankings in new benchmarking research January 22, 2021 New figures published today [22 January] by the City of London Corporation, show that, London continues to hold the top spot for financial and professional services, when compared to other global destinations, including New York, Singapore, Hong Kong and Frankfurt. The benchmarking research, entitled “Our global offer to business: London and the UK’s competitive strengths in [...]