Sadiq Khan dealt blow by Chris Grayling: TfL won’t take over Southeastern services December 6, 2016 Sadiq Khan has spoken out over the announcement that Transport for London (TfL) won't be taking over Southeastern services from 2018. Chris Grayling has rejected the mayor's plans for City Hall to take over suburban rail services. In an interview with the Evening Standard, Grayling said: "Right now, I think the last thing our railways need in [...]
Marcus Brookes: How we’ve prepared for the return of inflation December 6, 2016 Inflation was already on the rise. Now I expect the policies likely to follow in Donald Trump’s presidency will pile on further price pressure. The deflating effect of QE We have been changing our portfolios over the last year to reflect our view that inflation may be returning to the financial system. Yes, quantitative [...]
Marcus Brookes: How we’ve prepared for the return of inflation December 6, 2016 Inflation was already on the rise. Now I expect the policies likely to follow in Donald Trump’s presidency will pile on further price pressure. The deflating effect of QE We have been changing our portfolios over the last year to reflect our view that inflation may be returning to the financial system. Yes, quantitative easing, [...]
Step-free access on the Underground is getting a £200m boost from the mayor December 6, 2016 The mayor of London has announced step-free access on the Underground will get a financial boost to the tune of £200m over the next five years. Sadiq Khan said this will bring the total number of step-free access stations on London Underground to more than 100 stations and 40 per cent of the network. The [...]
Chris Grayling: All rail commuters will be able to use Oyster-style cards by 2018 December 6, 2016 Chris Grayling's announcement on splitting up Network Rail's dominance over track maintenance has caused a stir, but it's not the only change the transport secretary has unveiled. Rail commuters will be able to use an Oyster-style pay-as-you-go smart card to travel anywhere in the country by the end of 2018. Writing in the Telegraph, Grayling said: "We [...]
Southern rail strikes by drivers and conductors cause fresh travel disruption for long-suffering commuters December 6, 2016 London Underground passengers might have got some respite after today's Tube strikes were called off yesterday, but there was no such joy for Southern rail commuters. They're facing yet more delays today as the latest three-day strike got under way: with the Rail, Maritime and Transport (RMT) union walking out at midnight over the ongoing [...]
City Moves for 6 December 2016 | Who’s switching jobs December 6, 2016 Cushman & Wakefield Edward Gregg has joined Cushman & Wakefield’s London project management and consultancy team as partner. Edward, who has focused on large-scale fit outs during his 19-year career – particularly in the banking, finance and insurance sectors – jointly led the JLL London fit-out team and has a string of successful and high-profile projects [...]
Chris Grayling will announce plans to destroy Network Rail’s monopoly later today December 6, 2016 Transport secretary Chris Grayling will today unveil ambitious plans to shatter Network Rail's monopoly over Britain's train tracks. Speaking at centre-right think tank Policy Exchange, Grayling will set out plans to bring closer together train operation and infrastructure maintenance, beginning on services between Oxford and Cambridge A new “East West Rail” organisation will lead on [...]
Focus On Maida Vale: Why financiers and celebrities flock to the birthplace of the London mansion block December 5, 2016 The London mansion block has never been so popular, yet there are only a finite number in existence. While many luxury property developers are seeking to reinvent them for the 21st century for a tidy profit, the birthplace of the original – the real white-stuccoed deal – is still Maida Vale in north west London. [...]
Tottenham Court Road station has been closed due to a power failure December 5, 2016 Services on the Central and Northern Lines are disrupted this afternoon, after Tottenham Court Road was closed due to a power failure. https://twitter.com/centralline/status/805793171288498177 https://twitter.com/northernline/status/805793168256073730 Meanwhile, there are delays on the Circle Line due to an "absence of staff", according to Transport for London. https://twitter.com/circleline/status/805795047933353984 Elsewhere, the Piccadilly Line is still experiencing severe delays – which are [...]