Labour’s National Wealth Fund a misnomer, MPs told June 18, 2025 Labour’s National Wealth Fund faced renewed calls for clarity on Wednesday as the Treasury Committee continued its inquiry into the government’s new body. The government’s rebrand of the National Wealth Fund (NWF) from the UK Infrastructure Bank (UKIB) in October 2024 has raised questions amid confusion of the two bodies’ remits. Academics and think tank [...]
HS2: Transport secretary confirms two-year delay after ‘shambolic mess’ June 18, 2025 Transport secretary Heidi Alexander has confirmed that HS2 will be delayed by at least two years, slamming previous handling of the project as an “appalling” and “shambolic mess”. The embattled high-speed rail link will be pushed back beyond 2033 following a “litany of failures” outlined in two reports by HS2 boss Mark Wild and KPMG’s [...]
HS2 faces two more years of delay amid ‘litany of failures’ June 18, 2025 Ministers will delay HS2 by at least another two years and outline a “litany of failures” which have led to costs on the project spiralling out of control, in the latest storm facing Britain’s biggest infrastructure project. Transport secretary Heidi Alexander will present the findings of two scathing reports into the project on Wednesday afternoon, [...]
Bolt vs Lime: Uber rival to launch e-bikes in London June 18, 2025 Bolt has unveiled plans to introduce electric bikes in London this summer, challenging Lime’s near-monopoly in the capital. The Estonian ride-hailer, which is the largest e-scooter and bike provider in Europe, will launch its London service in August under close supervision from Transport for London (TfL) and local councils. The move makes Bolt the first [...]
Aldgate Connect BID Presents: Stories of Aldgate Exhibition – A Celebration of Heritage, Community, and Vibrant Stories June 17, 2025 Aldgate Connect BID is proud to announce the launch of the Stories of Aldgate Exhibition, a showcase celebrating the rich history, diverse community, and vibrant culture of Aldgate. Running from June to August across Aldgate’s Vine Street, EC3, this free public exhibition invites visitors to explore the people, places, and history that have shaped Aldgate [...]
Knights Templar-inspired office building gets green light June 17, 2025 Plans to build a mixed-use office scheme in Holborn on the site of the former Knights Templar Church have been approved by the City of London Corporation. The new building will replace the existing Holborn Gate, Heron House and 44 Southampton Buildings on Chancery Lane. It will include a 300-person capacity immersive auditorium as well [...]
Oxford Street plan to ban taxis and buses gets green light June 17, 2025 Plans to pedestrianise Oxford Street have received a green light after a consultation found seven in 10 Londoners supported the move. Buses and taxis will be banned between Orchard Street and Oxford Circus up to Great Portland Street – almost a mile of London. “This is a hugely significant development for central London,” Leader of [...]
Car crash interview: City minister trips up over £10bn infrastructure project June 16, 2025 City minister Emma Reynolds was flummoxed by a series of questions about the government’s recent infrastructure announcements in a variously tense and cringe-inducing interview on LBC on Monday morning. Just seconds into the exchange with Nick Ferrari, Reynolds misspoke and called the Dartford Tunnel – in Kent – the Dartmouth Tunnel – in Devon – [...]
Toast the City: Jeff Wayne’s War of the Worlds Immersive Experience is unmissable June 13, 2025 This autumn City AM will launch Toast the City, an awards celebrating all the places that make the Square Mile the vibrant, exciting location it is – and we need YOUR help. The Toast the City Awards will recognise the institutions old and new – and the men and women behind them – that make our lives that little [...]
London Mayor brands ULEZ scrappage scheme a success June 13, 2025 The London Mayor extolled the benefits of his controversial Ultra-Low Emission Zone (ULEZ) scrappage scheme this morning. A new report has found that the scrappage scheme has seen 35,094 cars and 17,964 polluting vans in London taken off the streets in exchange for grants. According to City Hall, ULEZ has decreased carbon emissions equivalent to [...]