CBI warns of spending threat to the economy September 19, 2010 BUSINESS leaders yesterday backed the government’s cost-cutting drive, although they urged it to protect areas vital to economic growth. The Confederation of British Industry (CBI) lobby group said it agreed with plans to slash spending to avoid major tax rises. The group called for increased use of means-testing for some universal welfare benefits and greater [...]
Tube bosses to meet with unions to avoid further strikes by staff September 15, 2010 TALKS to avoid another set of crippling strikes by Tube staff are set to take place next week. Senior management from the London Underground (LU) will meet with trade unions RMT and the Transport Salaried Staffs’ Association (TSSA) at conciliation service Acas in a bid to soothe a heated dispute over proposed job cuts to [...]
National Express granted extension for East Anglia September 14, 2010 The Department of Transport yesterday granted National Express a 28- week extension on its East Anglia rail franchise. East Anglia services run between London’s Liverpool Street Station and Eastern England destinations, including Peterborough and Norwich. It was announced by the Labour government in late 2009 that National Express would have its seven year franchise agreement [...]
Crossrail, Tube investment worth £78bn to UK economy September 14, 2010 INVESTMENT in Crossrail and Tube upgrades are worth £78bn to the UK economy, the London Assembly’s transport and economic development committees have argued in a letter to chancellor George Osborne. The committees urged Osborne to protect Crossrail and Tube upgrade work from the austerity cuts, warning to do so would be a “false economy” for [...]
CITY MOVES | WHO’S SWITCHING JOBS September 9, 2010 Clifford Chance The law firm said yesterday that Michael Dakin, the chief legal officer at Dubai-based investment firm Future Group, is to rejoin its ranks on the European high-yield team. Dakin left Clifford Chance to join Future in August last year, having been a partner at the law firm for four years. Prior to that, [...]
The MBA takes you from the battlefield to the boardroom September 8, 2010 NEXT month the government will announce a comprehensive spending review in which thousands of military personnel are expected to lose their jobs. Some estimates say that 16,000 will find themselves on civvie street. Many high-fliers will no doubt be attracted by the City, and the City is sure to be interested in disciplined, talented people [...]
Tube strike causes chaos September 7, 2010 THE TUBE is expected to run a normal service today, according to Transport for London (TfL), after the strike by London Underground (LU) workers triggered intense disruption in London yesterday. However, more people than expected braved the strikes and came to work. By 5pm last night TfL said it was already operating one-third of its [...]
A car that’s easy to live in September 7, 2010 WHEN I was a kid, we spent every summer with family in Cornwall, and every year my father’s car used to break down, extending what was a gruelling journey into an epic, Herculean trial. Fortunately for me, motoring has moved on, and I’ve just done more than twice the distance in about the same time [...]
Tube strike causes gridlock and costs economy £48m September 7, 2010 Millions of commuters across London struggled to get to work on Tuesday as a 24-hour strike by workers on the underground rail system crippled much of the network, hurting the city’s convalescent economy. Passengers took to bikes, buses, walked, or made use of extra boat services on the Thames that runs through the city in [...]
Tube strikes cause misery for Londoners September 6, 2010 MILLIONS of Londoners faced long delays getting into work today as London Underground (LU) strikers are set to continue their action into the evening. Yesterday at 5pm, LU maintenance and engineering staff left their posts and were followed four hours later by drivers, signallers, station staff and operational managers at trade unions RMT and Transport [...]