Transport officials plot PFI-style deal to fund HS2 Euston station October 20, 2024 Government officials are reportedly planning to raise at least £3bn from private sector investors to help fund the new HS2 station at Euston and renovate the neighbouring mainline terminus.
Major change planned for tallest skyscraper outside London October 18, 2024 A proposed 76-storey tower planned for Manchester city centre, which would be the tallest skyscraper in the UK outside London, is in line for a major change. Developer Salboy, which was co-founded by Fred Done who set up Betfred with his brother Peter, is on the verge of resubmitting its plans for Viadux 2 to [...]
The Debate: Should London’s suburbs be spikier? October 17, 2024 A housing crisis and London’s relatively flat skyline have prompted calls for building taller (or ‘spikier’) in the suburbs. Growth bros on Twitter are desperate for London to “densify”, i.e. cram more buildings into a smaller space by building taller structures or extending current buildings upwards. Yet London’s outer regions are typically flat with parks, [...]
HS2 back on track: Troubled line will run from London Euston after all October 17, 2024 The government is reportedly planning to reverse its decision to scrap the northern leg of HS2, extending the high-speed rail line from London Euston to Crewe. Having originally planned for the project to cost £37.5bn in 2009, the government’s latest estimation in Febuary this year ballooned to anywhere between £72bn and £98bn. Private talks involving [...]
Mark Kleinman: Labour’s economic plan remains a £63bn question October 17, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles big questions for Labour, pragmatism in the City and the building-blocks of a takeover Labour’s economic plan remains a £63bn question So there we have it: £63bn. Not bad [...]
London Underground workers in Aslef and RMT vote to strike next month October 16, 2024 London Underground drivers will walk out next month, bringing chaos to the capital in a protest over pay and working conditions. Members of the Aslef union voted overwhelmingly to walk out on a number of dates in November, before RMT members backed strikes shortly after. Train operators and management grades will not work on 7 [...]
Motorway cuts its loss as sales rise at ITV’s Six Nations sponsor October 14, 2024 Online-only used car marketplace Motorway cut its pre-tax loss in 2023 as the Six Nations TV coverage sponsor handled more than £2.2bn in sales transactions in the year. The London-based business, which has a network of more than 7,000 car dealers, has reported a pre-tax loss of £31.7m for its latest financial year, down from [...]
Investment Summit: Industrial strategy is ‘not picking winners’, Starmer insists October 14, 2024 The UK is “not in the business of picking winners” but is focused on “building on our strengths”, Sir Keir Starmer has said, as he unveiled the government’s industrial strategy at its flagship investment summit in London. The Prime Minister told the conference in the City of London today that the government’s focus was on [...]
Stansted Airport to add 5,000 jobs as part of £1.1bn expansion plan October 14, 2024 Keir Starmer unveiled proposals to expand Stansted's existing terminal building by a third at Monday's investment summit in London.
DP World: P&O Ferries owner unveils £1bn London Gateway investment following row October 14, 2024 DP World had threatened to cancel the announcement after Transport Secretary Louise Haigh described its subsidiary as a "cowboy operator."