Friday Debate: Is the move to put London under Tier 2 restrictions unjustified? October 16, 2020 Is the move to put London under Tier 2 restrictions unjustified? Join the debate Luke Johnson, entrepreneur and chairman of Risk Capital Partners, says YES. So the lockdown zealots have won, and London is to face yet more onerous restrictions on our civil liberties — even though hospital admissions for Covid-19 are roughly 90 per [...]
London, Essex and parts of Surrey to enter Tier 2 lockdown restrictions October 15, 2020 London, Essex and Elmbridge are set to move to Tier 2 from midnight tomorrow, meaning the capital will be shift from “medium” to “high” alert. Care minister Helen Whately told London MPs this morning that London will move from Tier 1 to Tier 2 on Friday night into Saturday. The new restrictions mean a ban [...]
London lockdown: Tier 2 restrictions the ‘death knell’ for hospitality sector October 15, 2020 The government’s announcement that London will be placed under a Tier 2 lockdown this week is the “death knell” for the capital’s struggling hospitality sector, industry bodies have warned. Care minister Helen Whately told London MPs this morning that the city will move from Tier 1 to Tier 2 on Friday night. The new restrictions [...]
The maths of why growth companies are beating value October 14, 2020 One of the side effects of low interest rates is that, because of the way that companies are valued, investors place a higher value on companies (and investment projects) which have a low probability, high payoff, a long time in the future. This helps explain why investors have been prepared to pay up for loss-making [...]
HS2 costs rise £800m just weeks after construction starts October 14, 2020 The cost of controversial rail link HS2 has risen another £800m, the government has admitted, just six months after the project was newly approved. Ministers said that the extra costs were related to removing more asbestos than had been expected, as well as on developing the terminus at Euston station. The increases were revealed in [...]
Tube journeys hit highest number since lockdown October 14, 2020 There were more journeys made on the Tube last week than at any point since the beginning of lockdown in March, despite the imminent prospect of new restrictions being imposed on the capital. According to data from Transport for London, there were 1.56m such journeys made last Friday, beating the previous high of 1.52m. That [...]
Mayor 2.0: London deserves a leader who can punch at the capital’s weight October 14, 2020 It’s more than 20 years now since we saw the creation of an elected mayor of London with executive power over the whole city. Devised at a time of widespread devolution, public response to the role was lukewarm, with only around a third of voters bothering to express a preference either way. It was somehow [...]
Exclusive: TfL set for crunch talks as London bosses call on Sunak to solve cash crisis October 14, 2020 Exclusive: TfL set for crunch talks to solve cash crisis as London bosses call on Sunak to step-up to save services
Mercedes recalls ‘compelling evidence’ of nitrogen oxide problem, lawyers say October 12, 2020 Lawyers building a class action against Mercedes alleging that the carmaker has deliberately engaged in emissions fraud said that the firm’s latest recall of diesel vehicles is “compelling evidence” that it has a nitrogen oxide emissions problem. London law firm Fox Williams says that the auto giant programmed an emission defeat device during test conditions [...]
Eurostar may need state support as passenger numbers collapse October 11, 2020 The government may need to put its hands in its pockets to prop up the cross-Channel Eurostar service, the boss of the HS1 line has warned. Dyan Crowther, who runs the rail link between London and the Channel Tunnel, said that the operator had slashed the number of services it was running due to the [...]