Labour plans to move the Bank of England to Birmingham: Lord Adonis gives John McDonnell’s idea the thumbs-up December 11, 2017 Influential peer Lord Adonis has backed a suggestion from John McDonnell that the Bank of England move to Birmingham. The Bank of England has been based in London for more than 300 years. However, Labour’s shadow chancellor has concluded the bank’s current location is “unsatisfactory and leads to the regions being underweighted in policy decisions”. [...]
Uber’s London licence appeal against TfL is set for first court hearing December 10, 2017 Uber's legal battle with London regulators is set to move forward with a court hearing due to take place this week over its licence to operate in the capital. The preliminary hearing at Westminster Magistrates court on Monday will lay out plans for the full case to be heard some time next year. It comes [...]
Train fares are going up by an average of 3.4 per cent in January 2018 December 5, 2017 UK train fares are set to rise by an average of 3.4 per cent next year, above the rate of inflation, the rail industry has revealed. From 2 January 2018, all national rail fares will rise, including both regulated fares, like season tickets, and unregulated fares, including off-peak tickets. The Rail Delivery Group said the [...]
Transport for London (TfL) says a large chunk of the capital’s Tube network is about to get a whole lot more reliable December 4, 2017 Around 40 per cent of London’s Tube network is about to get a significant boost in frequency and reliability, after Transport for London wrapped up a successful test of new signalling over the weekend. Engineers from TfL and Thales worked on testing trains on a new computer-based signalling and control system between Hammersmith and Edgware [...]
London is Europe’s best-performing city, according to US think tank The Milken Institute December 4, 2017 London – or, more specifically, Inner London-East – has topped a list of Europe’s best performing cities and regions, according to US think tank The Milken Institute. The ranking, based on metrics such as job creation, wage gains, manufacturing and skilled service industry concentration, places three of London’s component regions among the top 279 evaluated. [...]
Mayor Sadiq Khan presses ahead with plans to extend the ultra low emission zone across London by 2021 November 30, 2017 Not content with rolling out the £10 T-Charge on older, more polluting vehicles in October, Sadiq Khan is now pressing ahead with plans to toughen up the capital’s ultra low emission zone (ULEZ). He said the extension of the zone could affect 100,000 cars a day, 35,000 vans, and 3,000 lorries. The ULEZ is an [...]
Businesses feel confident in their future but consumer confidence slumps to the low recorded post-Brexit vote November 30, 2017 Confidence in business prospects has risen to its highest level since April 2017, while consumer confidence has dipped to the lows recorded in the wake of the Brexit vote, according to new figures out today. Lloyds Bank’s business barometer for November found that business confidence dipped two points to 24 per cent, and economic optimism [...]
TfL could take over Southern rail routes under new government transport plans November 29, 2017 Transport for London (TfL) could be given control over Southern rail routes when the current Thameslink, Southern and Great Northern franchise comes up for renewal in 2021. The department for transport (DfT) today unveiled a raft of plans to overhaul rail transport in the UK, which includes the possibility of reviving services closed due to [...]
Crossrail latest: Here’s a look at how the new Paddington Elizabeth Line station is shaping up November 28, 2017 Work on the £14.8bn Crossrail project is drawing nearer to completion, while the 10 stations being built in central London for the Elizabeth Line are nearly finished. And today, Crossrail has unveiled new pictures of how the Paddington Elizabeth Line station is shaping up, which features the installation of one of the capital’s largest ever [...]
London firms back Transport for London’s English tests for private hire drivers November 28, 2017 London businesses are in favour of a controversial planned English test that private hire drivers face, according to a new poll from the London Chamber of Commerce and Industry. Transport for London plans to bring in a English language test for private hire drivers, and wants all drivers to be able to prove their ability [...]