Transport for London secures £1.08bn emergency funding deal June 1, 2021 Transport for London has secured a £1.08bn emergency funding deal with the government to provide financial support during ongoing Covid-19 restrictions. The latest cash injection, agreed with the Department for Transport, will cover the period from 29 May until 11 December. The funding package is designed to contribute to the organisation’s revenue loss due to [...]
UK could rake in £14.7bn annually from Biden’s tax plan, think tank says June 1, 2021 The UK could rake in an extra £14.7bn every year by adopting US president Joe Biden’s ambitious tax proposal, according to the Institute for Public Policy Research today. Biden’s proposal for a new global minimum corporation tax rate of 21 per cent could bolster the UK’s recovery finances post-pandemic and Brexit, the Institute for Public [...]
Heathrow Airport finally separates red-list country flights from lower-risk arrivals June 1, 2021 Heathrow Airport finally separates flights from red list countries from green and amber arrivals
Sadiq Khan: TfL settlement is not the deal we wanted June 1, 2021 London Mayor Sadiq Khan has hit out at the emergency funding package signed off today by Government and TfL to keep the capital running. The deal includes a raft of cuts across Transport for London’s operations and does not go as far as many hoped in providing a long-term settlement for the capital’s transport network. [...]
In pictures: Londoners gather at Essex Road vigil for ‘flower man of Islington’ June 1, 2021 A loud applause broke out at a vigil for a stabbing victim who was known as the “flower man of Islington”. Tony Eastlake, 55, died from a knife wound after being attacked in Islington, north London, on Saturday just before 5.30pm. A crowd of family, friends, customers, passers-by and neighbours gathered last night for a [...]
Lifting restrictions should be spaced out to avoid third wave, senior doctors say June 1, 2021 The easing of restrictions should be spaced out to keep the levels of transmissions down and avoid a third wave in the UK, according to senior doctors today. “If we are intending to keep the levels of transmission down because that is the fundamental risk we have, then it would make sense to space the [...]
Grenfell group calls on government to remove combustible insulation from schools May 31, 2021 The campaign group of survivors and bereaved relatives from the Grenfell Tower disaster has said the Government must ensure that combustible material is removed from schools. The Guardian and The Times reported that combustible insulation has been used on dozens of schools since it was banned on tall buildings after the fire in west London [...]
Caffè Nero slurps up 82 per cent post-restrictions sales spike May 31, 2021 Caffè Nero has enjoyed a sales spike in recent weeks, as restrictions were gradually eased, while it has also repaid all of its Covid financial support. Weekly sales surged 82 per cent as outdoor seating was allowed and then restricted indoor eating was permitted in the last 13 weeks. After paying back a £12.2m Liquidity [...]
UK economy set to grow 7.2 per cent this year, OECD forecasts May 31, 2021 The UK’s economy is set to grow at its fastest rate since the second world war this year and in 2022, the Organisation for Economic Co-operation and Development (OECD) has forecast. After the Covid-19 ravaged economies, the UK suffered a 9.8 per cent contraction in 2020 – its worst in nearly 300 years. The organisation [...]
Electric Boris bikes to join London’s fleet by 2022 May 31, 2021 Boris bikes in the capital will be getting an electric boost in time for summer 2022, as London transport gears up its clean initiatives. In a three-year sponsorship deal, 500 e-bikes are set to be added to the 14,000 bikes-for-hire fleet across the city. ‘Cycling has been a lifeline for many Londoners over the past [...]