Pound falls to 11-day low on uncertainty over Brexit deal November 12, 2018 The pound was hit by fears over Brexit this morning, as it dropped almost one per cent against the dollar to an 11-day low. The currency slumped by 0.94 per cent to $1.285 in the early morning, after a three-week high of $1.316 last Wednesday. Sterling took a hit on Friday after transport minister Jo [...]
City Moves for 12 November – who’s switching jobs at UHY Hacker Young, Panmure Gordon and McCarthy Denning? November 12, 2018 Who’s on the move today? UHY Hacker Young UHY Hacker Young, the national accountancy group, has appointed Myles Jacobson as partner in its Turnaround & Recovery team in London. Myles has over two decades of experience working in insolvency and restructuring and joins from specialist business recovery practice Streets SPW, where he was a partner. He [...]
The Lord Mayor’s Show: Everything you need to know about the City’s annual extravaganza November 9, 2018 The annual new Lord Mayor procession will this year take place tomorrow through the streets of central London. Who is the new Lord Mayor? Alderman Peter Estlin will become the 691st Lord Mayor of London and will ride in a gold state coach during the procession, which has become tradition since its inauguration in the 16th century. Lord Mayor [...]
Workers in the capital deserve to be paid the London Living Wage November 9, 2018 Few people would disagree that if you get up, go to work every day, and put in the hard graft, then you deserve to earn an income you can live off. And yet, nearly a fifth of all jobs in our city do not pay a subsistence wage, leaving hundreds of thousands of Londoners struggling [...]
London Assembly accuses Sadiq Khan of ‘incompetence’ over Crossrail delay November 9, 2018 London mayor Sadiq Khan has been accused of showing "incompetence" in his handling of the delay to the £15.4bn Elizabeth Line. The London Assembly's transport committee branded Khan's response to a letter it wrote in October – in which it accused the mayor of misleading the public about the delay – as "wholly unsatisfactory". On 31 August Crossrail announced [...]
Addison Lee launches self-driving taxi trials in Canary Wharf November 7, 2018 Private hire firm Addison Lee has begun trialling self-driving car technology, created by UK startup Oxbotica, on the streets of London. Driving around the skyscrapers of Canary Wharf, Addison Lee's manned cars are creating a three-dimensional street map of the city in order to create the backdrop for future driverless cars. Organised together with Canary [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
Strike action hits Central Line and Waterloo & City Line, forcing commuters to find other ways to work November 7, 2018 Both the Central Line and Waterloo & City Line are not running today due to strike action. The strikes started at midnight after the RMT and Aslef unions voted for action to address industrial relations between drivers and Transport for London (TfL) that it claimed was at “breaking point”. The action will go on until [...]
Sadiq Khan slammed for ‘shocking’ strikes record ahead of Central Line action November 6, 2018 Sadiq Khan has been accused of having the worst strikes record of any London mayor despite promising there would be zero industrial action on his watch. Tomorrow's strike on the Central Line by the Aslef and RMT unions marks the 15th strike to occur since Khan was elected in May 2016. That figure includes 11 Tube strikes, one bus strike, [...]
Piccadilly Line strike suspended tomorrow but Central Line action set to go ahead from midnight November 6, 2018 Strike action on the Piccadilly Line scheduled for tomorrow has been postponed, it emerged this afternoon. However, industrial action on the Central Line strike is still set to begin at midnight tonight. The RMT union said “sufficient progress” has been made in last-ditch talks with Transport for London (TfL) today that it has called off [...]