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 [...]
CITY VIEWS: WHAT DO YOU THINK ABOUT THE TUBE STRIKE? September 6, 2010 JOHN CRIDLAND | CBI “It is disappointing that the RMT and TSSA have decided to go ahead with this strike, which will disrupt London at work. It will cause misery and disruption to the general public and to employers.” COLIN STANBRIDGE | LCCI “Londoners will still struggle in to work, aided by the additional transport [...]
Q&A: WHAT IS THE DISPUTE ABOUT? September 6, 2010 Q.WHY ARE WORKERS STRIKING? A.London Underground staff, as represented by unions RMT and TSSA, are striking against proposals by London Mayor Boris Johnson and Transport for London (TfL) to cut up to 800 station jobs, including ticketing staff and station management in a bid to save the cash-starved network from a series of government funding [...]
Record travel numbers for Eurotunnel September 6, 2010 EUROTUNNEL enjoyed a record summer this year, after car traffic rose 17 per cent on last year with more than half a million cars taking the trip between Kent and Calais in July and August. The French company, which trades on the London and Paris stock exchanges, said it broke its previous passenger record on [...]