Speedy recovery of business air travel will bring billions to UK economy June 16, 2022 A speedy recovery of business air travel could bring extra billions into the UK’s pockets, according to a study published today by WPI Economics. Figures showed that business travellers returning to pre-pandemic levels by 2023 would lead growth rates increasing by 50 per cent by 2030, whereas passenger levels going back by 2025 would cause [...]
Uber calls on rivals to offer employment benefits as Bolt faces trade union lawsuit June 15, 2022 Uber has called on its rivals to give drivers employment benefits, after one of the UK’s biggest unions said it is taking legal action against ride-hailing app Bolt over its lack of workers’ protections. Britain’s third largest trade union, GMB, is set to file legal proceedings against Bolt, in a bid to force the Estonian [...]
DfT accuses TfL of failing to provide recommendation for pension reform June 15, 2022 The Department for Transport (DfT) has accused Transport for London (TfL) of failing to provide a recommendation for its pension reform just as the latest round of government funding is set to expire next Friday. DfT permanent secretary Bernadette Kelly told TfL commissioner Andy Byford last week the government had launched a formal dispute period [...]
TfL urges Londoners to stay home on Tuesday as thousands of workers set to walk out in Tube and rail strikes June 15, 2022 Transport for London (TfL) has urged Londoners to avoid travelling on 21 June as thousands of workers are set to walk out in a separate tube and rail strike. TfL said it was expecting severe disruption across the Tube network following the planned strike called last week by the unions RMT and Unite. The industrial [...]
BREAKING: Jubilee line suspended following security alert at Waterloo June 15, 2022 The Jubilee line was suspended following a security alert at Waterloo station, Transport for London (TfL) said. “There is no service on the Jubilee Line between London Bridge and Green Park while we respond to a security alert at Waterloo,” the public body announced. “There are severe delays affecting service on the rest of the [...]
Motorpoint CEO: Business expands while rivals hit by volatile environment June 15, 2022 Online car retailer Motorpoint is better equipped to navigate a volatile market compared with rivals, according to chief executive Mark Carpenter. At a time when competitors such as Cazoo and Carzam are either enforcing significant cuts to stay afloat or collapsing, Motorpoint’s profits and revenue boomed. In the year ended 31 March 2022, the company’s [...]
EU aviation regulator backs Airbus in A350 surface damage dispute June 15, 2022 EU aviation regulator EASA has backed Airbus in its legal dispute against Qatar Airways over surface damages present on the A350 fleet. EASA has argued that paint problems on the aircraft was an aesthetic defect that couldn’t lead to safety issues, despite claims by Qatar that the damage was a hazard as it left the [...]
Volkswagen to overtake Tesla as main BEV maker by 2024 June 15, 2022 Volkswagen is set to overtake Tesla as the world’s largest manufacturer of battery electric vehicles (BEV) by 2024, according to a recent report by Bloomberg Intelligence. Figures showed that most automotive marquees lack profit incentives to take over Tesla, except for Volkswagen as its sales volume for battery-electric vehicles will reach to 45 per cent [...]
Rail operators urge commuters not to travel unless necessary next week as strikes loom ahead June 15, 2022 Rail operators are urging commuters not to travel unless necessary as thousands of workers are set to walk out next week. More than 40,000 members of the RMT union will strike on 21, 23 and 25 June over job cuts and salaries. South Western Railway (SWR) told customers to expect “severe disruption,” encouraging them to [...]
UK Infrastructure Bank risks becoming a ‘plaything’ of Treasury under so-called Henry VIII powers, peers warn June 15, 2022 To prevent the UK Infrastructure Bank becoming a “plaything” of the Treasury, new safeguards are needed, according to concerned peers. Concerns have been raised at Westminster over proposals that would allow the Exchequer to change the body’s activities set down in legislation – so-called Henry VIII powers. Provisions would also allow the Treasury to amend [...]
