Home-owning pipe dream edges out of sight as first-time buyers need a £53,000 income to buy a house September 27, 2018 The average income needed for a first-time buyer to jump onto the property ladder has shot up 18 per cent in the last three years, in the latest sign that the dream of homeownership is becoming increasingly distant for many young professionals. Only three out of 20 major UK cities have become more affordable [...]
Cut taxes for new firms in towns under threat from robot revolution, says report September 27, 2018 Tax breaks should be handed to businesses setting up in 'left behind' towns vulnerable to the rise of automation, according to a new report. The Centre for Social Justice (CSJ) believes entrepreneurs should be handed financial incentives to attract them to ten northern towns at risk of further decline thanks to the impending technological [...]
Commuters hit with double whammy of Piccadilly Line strike and District Line delays September 27, 2018 Commuters have been hit with a double whammy of travel disruption this morning as severe delays hit the Distrct Line between Upminster and Tower Hill and the strike on the Piccadilly Line entered its second day. Transport for London (TfL) said tickets would be valid on London buses for those using the District Line: https://twitter.com/TfLTravelAlerts/status/1045235046561587201 [...]
Bubble trouble: London among global cities most at risk of housing bubble September 27, 2018 London is among the top cities most at risk of a housing bubble, according to a new report measuring the world's most overpriced property markets. Hong Kong was ranked as the place most susceptible to a swift downturn after years of soaring house prices, while Munich, Toronto and Vancouver were also among the other most [...]
Westminster and City Hall in tense standoff after council misses Sadiq Khan’s deadline for new Oxford Street plans September 26, 2018 Westminster City Council has said it will not meet Sadiq Khan's deadline for submitting its alternative plans for Oxford Street this month, in a move that risks further heightening tensions with City Hall over the abandoned project. The Conservative-led council was working closely with Transport for London (TfL) and City Hall on the pedestrianisation of Oxford Street [...]
Transport for London steps up property ambitions after unveiling new partnership September 26, 2018 Transport for London (TfL) has unveiled plans for a new partnership with one of the capital’s affordable housing developers today, in a sign that the body is ramping up its move into the property market as it looks to pay off its near-£1bn debt pile. In a new joint venture with property developer Apartments [...]
Piccadilly Line suffers severe delays as union workers begin three-day strike September 26, 2018 A three-day strike on the Piccadilly Line will go ahead this lunchtime after talks between union workers and Transport for London (TfL) broke yesterday. The RMT rail union confirmed the strike by drivers will start today at 1pm through until Saturday. The RMT said TfL bosses has "scuppered" the talks by "refusing to bring [...]
Signal failure causes delays on the District Line September 26, 2018 The District Line is running with minor delays this morning between Earl's Court and Ealing Broadway to Richmond owing to a signal failure. Transport for London (TfL) said tickets will be valid on London buses, Great Western Railway and C2C, the operator of the Essex Thameside railway franchise. The transport body urged passengers to find alternative [...]
Uber launches 24-hour hotline for passengers and drivers following pressure from TfL September 25, 2018 Ride-hailing app Uber has launched a 24-hour hotline for drivers and customers following pressure from Transport for London (TfL) which revoked its licence last year. TfL took away Uber's licence on the grounds it was not a "fit and proper person" to hold a licence in the capital. The transport body took issue with Uber's approach to [...]
Piccadilly Line drivers to strike tomorrow after talks with TfL crumble September 25, 2018 A three-day strike on the Piccadilly Line will go ahead tomorrow after talks between union workers and Transport for London (TfL) broke down this morning. The RMT rail union confirmed the strike by drivers will start tomorrow lunchtime through until Saturday after talks at conciliation service Acas held yesterday and into today failed. The RMT [...]