Uber bans drivers from using Greyball technology that helps them to dodge investigators March 9, 2017 Uber has banned the use its controversial “Greyball" technology, which helps the drivers dodge undercover investigators. The counter-intelligence programme allows the tech giant to identify undercover officials trying to expose Uber’s operations in cities where it has previously banned. Read more: The worst or best job in tech? Uber's hiring a COO Once identified, the [...]
London mayor Sadiq Khan welcomes progress made on devolution to London in the Budget March 8, 2017 Chancellor Philip Hammond delivered a historic devolution agreement for Londoners today to "protect jobs and investment in the aftermath of Brexit". The devolution agreement focussed on infrastructure projects to help London mayor Sadiq Khan upgrade the capital's road, rail and Underground networks and boost its economy. It also confirmed the devolution of new powers to allow the mayor [...]
Budget 2017: London Mayor Sadiq Khan “disappointed” there was no Budget backing for Crossrail 2 March 8, 2017 London mayor Sadiq Khan said he was "disappointed" that the government didn't back Crossrail 2 in today's Budget. While the mayor said he was pleased to see progress on devolution, other areas were notably missing from Philip Hammond's announcements. “London did not get everything we needed today," said Khan. "I am disappointed that the government [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
London’s black cab industry needs a regulatory overhaul to compete with the likes of Uber, say academics March 7, 2017 It's no secret that Uber's rise and its impact on the capital's transport network hasn't gone down well with many black cab drivers. Now a study by the University of the West of England and the University of Greenwich has suggested the capital's black cab industry needs a complete regulatory overhaul to compete with the ride-hailing app and other [...]
City Moves for 7 March 2017 – who’s switching jobs? March 7, 2017 Today's City Moves cover corporate broking, risk and insurance advisory and corporate advisory. Take a look at these movers and shakers: Peel Hunt Peel Hunt, the independent corporate broking, advisory and trading house focused on UK mid and small caps, has appointed Damindu Jayaweera to the role of Technology Analyst, effective immediately. Damindu joins from [...]
Redirect £76bn from former EU budget to fuel inclusive growth says RSA commission March 7, 2017 The government should reroute billions of pounds that currently goes to the EU budget to support inclusive growth after Brexit, according to a commission set up by businesses, local government and non-profit groups. A new £76bn fund would deliver growth across the whole of the UK, lowering inequality and raising overall productivity, the report by [...]
TfL just came a step closer to building 400 homes in Kidbrooke March 6, 2017 One of the capital's largest housing associations will help Transport for London (TfL) build 400 new homes on a former RAF base in South East London TfL named Triangle London Developments – a consortium comprised of Notting Hill Housing and U+I – as the partner which will develop homes on a four-acre site close to [...]
Phew: TfL says the new RMT industrial action starting tomorrow won’t cause much disruption March 6, 2017 The RMT's London Underground members will be taking industrial action from Tuesday 7 March, but Transport for London (TfL) has said the action – which is short of a strike, shouldn't cause disruption to services. That's unless it continues to drag on of course. The dispute is over a "breakdown in industrial relations" according to the [...]
Chelsea enters the big league after Sadiq Khan signs off new £500m home March 6, 2017 Chelsea's £500m stadium expansion has been given the green light by Mayor of London Sadiq Khan, paving the way for a 50 per cent increase in the ground's capacity. The club, currently sitting at the top of the English Premier League, will expand within the tight constraints of its Fulham-based home. Match-day capacity at Stamford Bridge [...]