Northern Powerhouse investment has been put at risk by the UK’s Brexit vote, according to a new report July 10, 2016 Government plans to build the Northern Powerhouse will be left on the brink of failure without boosted efforts to attract foreign investment, according to a new report. Chancellor George Osborne has been seeking to bridge the economic gap between London and the North since June 2014 when he announced the powerhouse agenda. However, according to [...]
Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]
Costain purchases speed camera company for £17m July 6, 2016 Crossrail engineer Costain has acquired transport technology provider Simulation Systems Limited (SSL) in a deal worth £17m, it was announced today. "This transaction will further broaden our ability to deliver technology-based solutions to meet the increasingly complex requirements of our major blue chip customers in energy, water and transportation," said Costain chief executive Andrew Wyllie. [...]
Balfour Beatty wins £170m Heathrow Airport contract to upgrade baggage screening systems July 5, 2016 Infrastructure firm Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport. The project will involve upgrading and installing baggage screening and handling systems at Heathrow's eastern baggage facility. The company's share price fell 2.03 per cent in early trading. Balfour Beatty boss Leo Quinn said: "This contract award is testament [...]
Business groups call on government for clarity following Brexit vote July 5, 2016 Businesses are calling on government to urgently address issues arising from post-referendum uncertainty in an open letter today. The letter, which is signed by the British Chambers of Commerce, the Confederation of Business Industry, the Federation of Small Businesses, the Institute of Directors and EEF, the manufacturers' organisation, specifically asks government to clarify points surrounding the status of EU [...]
Work and pensions secretary Stephen Crabb and Tory backbencher Liam Fox have both lent their support to expansion for Heathrow July 4, 2016 Work and pensions secretary Stephen Crabb has promised an immediate green light for Heathrow expansion if he is selected as the new Conservative leader. Crabb has committed to expanding the South West London airport “as soon as possible” after his selection. A decision on Heathrow was expected this summer, but was again delayed last week [...]
There’s no reason London can’t stay the number one global financial centre outside the EU July 4, 2016 The chancellor’s press conference last week reassured the markets in a volatile period. He said that the UK economy faces these fresh economic challenges from a “position of strength.” This is a point I have reiterated many times over the past few days, when visiting the economic hubs of Dallas and Chicago. The most frequently [...]
These are the things that are likely to happen before Brexit July 1, 2016 There has been much speculation over when the formal Brexit process will start, with no clear deadline set. Now bookmaker Betway has issued a list of things that are likely to take place before Article 50 is triggered, which will kick off the UK's official withdrawal from the EU. The betting firm has odds of 1/14 [...]
Airport expansion: This is politics for grown-ups – a decision must be made soon July 1, 2016 Amid all the schoolyard bickering which took place yesterday between those in the running (and those deciding not to be in the running) for both Tory and Labour leadership came a rather sombre statement by transport secretary Patrick McLoughlin. During parliamentary questions, he confessed that a decision over increasing London’s airport capacity will not take [...]
Great Western Railway launches new Hitachi train in celebration of 175 years of services between Bristol and London June 30, 2016 The government may have once again delayed a decision on air capacity in the South East, but new, faster trains are about to come into service between Bristol and London. Great Western Railway (GWR) today unveiled the first of a fleet of Hitachi-built trains on the day that it celebrates 175 years since the very first train ran on [...]