RBS is replacing several financial advisers with “robo advice” and the FCA has welcomed the news – it’s time to stop worrying and learn to love the robots March 15, 2016 RBS slashed hundreds of jobs this week, replacing some of its financial advisers with so-called “robo advice”. The announcement was closely followed by news that the City’s watchdog, the Financial Conduct Authority (FCA), has welcomed our new robot overlords employees. A seven-month FCA study into the financial advice sector, conducted with Treasury assistance, concluded that [...]
End delays to London City Airport expansion and the whole UK will see the benefits March 15, 2016 UK airports had their busiest ever summer last year, collectively handling 78m passengers, and the indicators are that 2015 as a whole was the busiest year on record. London City Airport certainly had a record-breaking year, with 18 per cent growth in passengers to 4.3m. More people than ever are taking to the skies and [...]
Budget 2016: Chancellor George Osborne throws weight behind Crossrail 2 and HS3 with more than £300m in transport spending March 15, 2016 Chancellor George Osborne will throw his weight behind Crossrail 2 and the HS3 rail project between Leeds and Manchester when he delivers the 2016 Budget tomorrow. Osborne will use the Budget to commit to more than £300m in new infrastructure spending, including £80m to fund the development of plans for Crossrail 2 and £60m to [...]
Police should be located in London Underground ticket offices, says think tank March 14, 2016 Police should be located in London Underground ticket offices to boost visibility and make it easier for the public to report crimes, a think tank has said. A report, titled Boosting London’s Frontline Policing, by the Capital City Foundation, the London focused unit of leading think tank Policy Exchange, has argued "underground police points" would also [...]
Night Tube launch date 2016: August start reported for London Underground’s 24-hour weekend service March 14, 2016 London's long-awaited Night Tube services will finally begin in August, according to driver unions, almost a year after it was first expected to start. The roll-out will bring 24-hour weekend services to the London Underground on the Victoria and Jubilee lines initially, with the Central, Northern and Piccadilly lines to follow in September. Read more: This [...]
Rush hour nightmare? These are the London bus and train routes we complain about most March 14, 2016 Ever feel like you have a nightmare commute? Don't we all, but if you're travelling from Woking to Waterloo or on the number 29 bus, you're probably having a rough one – as is everyone else. The two routes are the most complained about, according to data relating to more than 1.5m journeys across the UK [...]
Want to own a slice of royalty? Prince Philip’s 1954 Aston Martin Lagonda MK1 has been put up for auction March 14, 2016 Fancy owning a slice of motoring history? The car that netted Aston Martin its first Royal Warrant has just been put up for auction – although with an estimate of £350,000 to £450,000, you'll have to be pretty committed. The three-litre Lagonda, in a "bespoke shade" of Ediburgh Green, was one of just 20 MK1 [...]
Northern Powerhouse: Shaving one minute off journey times could provide £1.6bn boost northern cities March 14, 2016 Shaving just 60 seconds off the time it takes to travel to key services could provide a £1.6bn economic boost to the northern regions of the UK, according to new research published today. Using so-called value of time research, consultancy and construction company Mace said for all regions outside of London, saving the extra minute could [...]
15 plans for the future of London transport: From the Northern Line extension to Night Tube and Crossrail 3 March 11, 2016 London Mayor Boris Johnson has said £1.3tn of investment is needed in the capital over the next 35 years in order for London to retain its world class status. Transport is the biggest focus of the "London Infrastructure Plan 2050", and £973bn of spending is needed on transport alone to keep up with the rising population [...]
City of London delays decision over 22 Bishopsgate skyscraper light-blocking row March 10, 2016 Oh dear. It looks like it could take the developers of the City's next big skyscraper at 22 Bishopsgate longer than they hoped to quash a dispute with its shorter neighbours over its looming and potentially light-prohibiting presence. AXA Investment Managers – Real Assets and Lipton Rogers have been locked in a row with its neighbours and campaign groups, [...]