Cheaper train tickets planned for part-timers September 16, 2013 PART-TIME workers will soon be able to save money with flexible season tickets for their train journeys, under plans announced by rail minister Norman Baker yesterday. The Department for Transport will next year pilot the scheme on a London commuter route, which will offer cheaper season tickets for workers who only commute a few days [...]
Soak the rich: Lib Dem plans to hit those earning over £50,000 with higher tax bills September 16, 2013 In notes first published by City A.M., it has been revealed that the Liberal Democrats are looking for those earning over £50,000 to pay more in tax. The Liberal Democrat press team calls this "looking at how the richest … could make a further contribution". In these difficult times, it is important that everyone makes [...]
New East London warehouse for property company Segro September 16, 2013 The property investment and development company Segro has announced its acquisition of a warehouse in Barking, East London. The company purchased the site for £30m, and the purchase price of the warehouse represents a 6.9 per cent net initial yield. Segro view East London as an area with strong potential for expansion, given the vast [...]
City Matters: Britain’s seafaring past is still shaping the City’s culture and economy today September 15, 2013 WHEN people talk about the “City”, they often do so solely in terms of its banks – and financial services. These are a central element of what the City does, but this leaves out a whole side of the Square Mile that is just as important: the second thing we sum up in the handy [...]
Twitter’s float reminds us why we must privatise the Royal Mail September 12, 2013 COUNT on Twitter, that most modern of communication companies, to steal the thunder of the Royal Mail, an organisation founded by Henry VIII and now aiming to reinvent itself as a privatised, modern parcel delivery firm. For most of yesterday, the Royal Mail was the big story: the coalition confirmed the firm would be sold [...]
Lockheed Martin expands in Britain September 11, 2013 DEFENCE and technology giant Lockheed Martin plans to create 200 new UK jobs after its British arm won a $100m (£63.2m) IT contract with the new Nato headquarters in Brussels. Lockheed, which runs some of the Pentagon’s computer networks, said the roles will be spread across London and the south west of England. The company [...]
Battle lines drawn over HS2 rail link September 10, 2013 New report claims line will boost UK’s economy by £15bn …but critics remain unconvinced MINISTERS will today launch a fightback in support of the High Speed 2 (HS2) railway project – as a government-commissioned KPMG report claims the project would boost the UK economy by £15bn a year. Transport secretary Patrick McLoughlin will use a major [...]
Tokyo 2020 likely to be economic non-event September 10, 2013 Economic confidence in Japan has seen a boost from the announcement that Tokyo will host the Olympic Games in 2020. That enthusiasm could be misplaced, according to Capital Economics. Marcel Thieliant, Capital Economics: Tokyo’s hosting of the 2020 Olympic Games is unlikely to provide any material contribution to economic growth in Japan. Overall spending on [...]
Ministers insist High Speed 2 is worth building September 9, 2013 MINISTERS defended the controversial High Speed 2 (HS2) rail link between London and the north yesterday, following a damning report from the public accounts committee about the economic case for the project. Chancellor George Osborne insisted he was “passionately in favour” of the £42.6bn scheme, while transport secretary Patrick McLoughlin told the BBC “it is [...]
On yer bike! Pedal your way to peak health September 9, 2013 AS the Prime Minister announces plans for a major cycling investment and a summer of BBQs and Stella has taken its toll, the question is, is cycling really the multiple box-ticker it’s made out to be? Cycling: The Perks ■ Numerous studies have found that you will get from A to B quicker cycling around [...]