Road trip: Traffic returns to pre-pandemic levels as restrictions ease June 2, 2021 After stay-at-home orders kept roads clear, traffic during weekdays is finally matching pre-pandemic levels, according to data by the Department for Transport today. Traffic on Friday soared 104 per cent past the equivalent weekday in February 2020, largely helped by the Bank Holiday weekend, for the first time since the lockdowns began. Vehicles hitting the [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City PM‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
Hyde Park: Two derelict townhouses going for £23m, with 60 bedrooms in total June 2, 2021 Two derelict £23m townhouses north of Hyde Park have attracted wealthy buyers with eyes for prime London real estate – as 60 bedrooms across seven storeys is a once in a lifetime-buy. The grade II listed building has both the UK and international elites eyeing the renovation opportunity, which would need tens more millions to [...]
G7 states pumped $42bn more into oil and gas than renewables last year, analysis finds June 2, 2021 Countries within the G7 have channelled $189bn into oil, coal and gas in the last year, despite promises of a green recovery, new analysis has revealed today. Ahead of the UK hosted G7 summit in Cornwall next week, the analysis has also shown that between January 2020 and March 2021, the UK, US, Canada, Italy, [...]
Exclusive: Businesses call on govt to set global standards on environmental impacts June 1, 2021 Businesses are calling on the government to set clear global standards for recording their impact on the environment. A host of CEOs from across the business world, including James Timpson and Schroders’ Peter Harrison, have said that making it cheaper and easier for firms to record their environmental impact would make it easier not just [...]
Nine Elms: Two £10m ‘sky villas’ in London’s tallest residential tower to go on sale June 1, 2021 London’s tallest residential tower will begin selling apartments this week, starting from just under £1m for a one-bedroom flat. The 53-storey skyscraper, in the £3bn One Thames City development on Nine Elms, has two 3,900 square foot “sky villas” at the top of the building – which are looking to cost around £10m each. A [...]
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. [...]
