Revealed: Final cost of ‘botched’ Garden Bridge project comes to £53.5m February 13, 2019 Backers of the failed Garden Bridge project are under fire after the "galling" costs of the scheme were revealed to have spiralled north of £50m. The Garden Bridge Trust, which managed the project since November 2015, was accused of “squandering public money” on the ill-fated venture, after Transport for London admitted that the project racked [...]
Victoria line trains to Brixton suspended as severe delays plague Tube lines February 13, 2019 Commuters were facing rush hour hell this morning after a key Tube line was part suspended and three were hit by severe delays Read more: King's Cross signal failure hits key Tube lines with severe delays The Victoria line was not running to Brixton this morning after engineers were called to fix a signal failure [...]
Sadiq Khan announces shakeup of severance pay for departing TfL staff February 12, 2019 Sadiq Khan has announced a shakeup of Transport for London (TfL) pay agreements after £51m was paid out to departing staff last year. City Hall has said it will reduce notice periods, in which those made redundant can claim pay, from 12 months to six months for future managing directors and from six months to three [...]
Telford Homes to develop £160m Stratford project February 11, 2019 London developer Telford Homes has ramped up its investment in East London this morning after announcing plans for a £160m housing site in Stratford. The housebuilder, which specialises in non-prime London property, has snapped up the 1.2 acre development for £20m as it looks to tap into recent regeneration following the arrival of Westfield shopping [...]
Focus On the City of London: How much does it cost to live in the shiny new developments in the Square Mile? February 11, 2019 Have you ever thought about living in the Square Mile? Fair enough if you haven’t because you’re certainly in the majority, With an eye-watering average second-hand sale price of £840,053 – for context, the London average is £497,452, according to Savills Research using the Land Registry – and an outmoded reputation for being suits central, [...]
City Moves for 11 February – who’s switching jobs at Quickbooks, Trowers & Hamlins and Just Eat? February 11, 2019 Today's City Moves cover Quickbooks, Trowers & Hamlins and Just Eat. Take a look at these movers and shakers. Quickbooks Intuit, the makers of Quickbooks, the world’s number one online accounting software, announced the appointment of Chris Evans as vice-president and UK country manager. Chris, part of the Intuit UK team for eight years, steps [...]
Westminster council victorious as court rejects TfL appeal over blocked CS11 cycle superhighway February 7, 2019 Transport for London (TfL) will not be able to build its proposed CS11 cycle superhighway at Swiss Cottage after it lost an appeal against a decision by Westminster council to block its construction last year. The Court of Appeal yesterday upheld an earlier ruling that TfL could not proceed with the CS11 without considering traffic and [...]
Commuters hit with severe morning delays on Metropolitan and Piccadilly lines February 7, 2019 Commuters continue to be severely disrupted by delays to the Metropolitan and Piccadilly lines due to signalling problems. The Metropolitan Line was hit with severe delays this morning after a Tube driver went through a red light at Harrow-on-the-Hill forcing following trains to be stopped as a safety procedure. https://twitter.com/metline/status/1093451576574988288 Got held up at #Harrow On [...]
Tube delays: Severe delays hit Circle Line and Hammersmith & City Line with London Overground part suspended February 7, 2019 Severe delays were affecting three London lines this morning as commuters made their way to work. Read more: Watchdog bans Red Bull Tube ad telling workers to clock off early A signal failure at King’s Cross was behind severe delays on both the Circle Line and the Hammersmith & City Line this morning – both [...]
Speed up full-fibre rollout or risk being left behind, CBI warns government February 7, 2019 The Confederation of British Industry (CBI) today called on the government to fast-track the rollout of full-fibre broadband as it warned the UK is at risk of lagging behind. The trade body has urged the government to take action this year to avoid a “digital divide” that would see businesses and people left behind as [...]