Diesel and hybrid cars to lose congestion charge exemption January 28, 2013 DRIVERS of hybrid cars will be forced to pay the congestion charge if plans under consideration receive the green light, Transport for London (TfL) said yesterday. Owners of some diesel-fuelled cars – as well as hybrids such as the Toyota Prius range – are currently exempt from the £10 fee for driving into central London [...]
City Views | Should the government spend £33bn on high speed two? January 28, 2013 STEPHEN HARRIS ACCOUNTANT AND INSOLVENCY PRACTIONER It is a complete and utter waste of money. You cannot balance the books of the country by ploughing money into black hole infrastructure projects. Not one penny of public money should go into HS2. BRYAN HASLAM NETWORK INTERLINKS Yes. Anything with better connections across the country will be [...]
Government unveils HS2 phase two details January 28, 2013 The government unveiled the second phase of the £33bn High Speed Two (HS2) railway this morning, with five new stations announced on the northern extension. The preferred route for the line north of Birmingham will have five stops at Manchester Piccadilly, Manchester Airport, Toton in the East Midlands, Meadowhall in Sheffield and Leeds. However, the [...]
City Moves for 28 January 2013 | Who’s switching jobs January 27, 2013 Winston & Strawn The law firm has appointed Costanza Russo as a partner in its London-based corporate department. She joins from DLA Piper. Russo focuses on eastern Europe, and specialises in advising on cross-border project and infrastructure finance, particularly in the transport and renewable sectors. Pershing The broker solutions business, part of BNY Mellon, has [...]
St Moritz Gourmet Festival insiders’ guide January 27, 2013 AT THE heart of fine living is the art of fine dining. And both are flamboyantly showcased at the annual St Moritz Gourmet Festival this month. Every year the rich and famous flock to St Moritz for the season, and the town prides itself on the exquisite food and wine it has to offer them. [...]
Boris Island airport plan would need billions in public subsidy January 24, 2013 A NEW London airport in the Thames Estuary would need up to £30bn in public subsidy to make it viable, a report commissioned by MPs warned yesterday. The commercial value of any newly built airport is likely to be significantly lower than the £20bn to £50bn it would cost to build, consultancy Oxera said in [...]
Kingsland Wharves offers waterside living near the City January 24, 2013 After THE success of its one-bedroom apartments, Kingsland Wharves is now entering into the final stages of completing the development by launching a series of two and three bedroom homes. The prestigious new development is comprised of exclusive apartments overlooking the banks of the historic Kingsland Basin and is already going down well with City [...]
Record revenues for Channel Tunnel as freight delivers gains January 23, 2013 EUROTUNNEL hopes that Britons will continue to use the Channel Tunnel while the UK reassesses its relationship with the Continent, after the firm posted record revenues for 2012. “I would recommend that Great Britain remains in Europe,” said chief executive Jacques Gounon, who thinks the vast majority of his customers support Britain’s place in the [...]
Crack down on the high cost of living or growth suffers January 22, 2013 THE emergence of competitive economies in the East is a well-known phenomenon. But less understood is the challenge this poses to the West. First, the rising East will squeeze traditional markets (albeit while creating new ones). Secondly, it will turn the terms of trade for primary products against us. We are not powerless, however. Emerging [...]
Cold snap travel chaos prompts bosses to call for a rethink January 21, 2013 PARTS of the capital’s transport network were left in disarray by snow and ice yesterday, prompting businesses to call for more concerted planning for cold weather. Heathrow cancelled one in ten flights yesterday, hoping to avoid a repeat of the weekend’s frustrations when passengers waited hours for flights that were eventually axed. Gatwick Airport has [...]