London’s legal sector continues to lead the world August 3, 2020 Socially-distanced juries, virtual trials, and a mass shift to remote working — these are just some of the radical steps that have been taken to allow justice to be served during lockdown. Almost every part of our economy has had to adapt to Covid-19 and the legal system is no different. One constant throughout these [...]
Uber launches first commuter boat service on the Thames August 3, 2020 Uber’s first ever UK boat service will set sail on the River Thames today in a new partnership that will see Thames Clippers’ commuter service rebranded by the global ride-hailing giant. Twenty boats will take to the water today as part of the fresh collaboration, with departures from 23 piers across London from Putney to [...]
London temperature hits 35C on hottest day of year July 31, 2020 Temperatures have hit 35 degrees in London today, making it officially the hottest day of the year so far. And according to the Met Office, the mercury is set to rise further as the afternoon continues. In a tweet, the Met Office said: “It’s the hottest day of the year so far… and the temperature [...]
Coronavirus in England: What’s the R number for your area? July 31, 2020 Fears of a second wave are growing after it was revealed the coronavirus R number has climbed above one in some parts of England. The R rate, also known as the reproduction number, measures the average number of people that one infected person can pass the virus on to. If the R rate is one [...]
More than 60 per cent of London firms plan to lay off staff, survey says July 28, 2020 More than 60 per cent of London firms expect to lay off some of their furloughed employees, a survey has said, in a sign of the wave of unemployment that is to come. The Lloyds Bank business barometer found that just under one in five London firms who have used the scheme expect to bring [...]
Sadiq Khan calls on government to extend furlough scheme July 27, 2020 Sadiq Khan has once again called on the government to extend its furlough scheme for struggling sectors ahead of changes this weekend which could lead to a surge in unemployment. From Saturday employers will have to pay national insurance and pension contributions for furloughed employees. However, for many sectors such as hospitality and leisure, the [...]
Why the UK should rethink its restrictive rules on dual-class shares July 27, 2020 The ability to have a dual-class voting structure can be an important consideration for high-growth, innovative companies (especially those in the technology sector) when deciding on an IPO venue. These structures are not possible for a premium listing in London, whereas they are available on other major stock exchanges, meaning that the UK risks missing [...]
Lib Dem candidate Siobhan Benita quits race to become London mayor July 27, 2020 Siobhan Benita, the Liberal Democrats’ candidate for next year’s London mayor election, has stepped down after coronavirus delayed the vote until May 2021. Benita announced her decision today, saying the unpaid role was “very difficult to combine with other work”. Originally Londoners were set to vote on a new mayor in May 2020. However, the [...]
TfL’s financial blackhole hits £3.5bn as commuters stay home July 24, 2020 Transport for London (TfL) this morning said it would need £3.5bn in funding over the full year due to uncertainty over commuter demand due to the coronavirus. The figure is £300m higher than that laid out in the transport operator’s emergency coronavirus budget in May. It also said that it would require an additional £2.9bn [...]
Sadiq Khan suggests London tax autonomy in new TfL bailout deal July 22, 2020 London mayor Sadiq Khan has suggested that the government should consider giving the capital freedom to spend its own tax takings to fund Transport for London (TfL). Speaking to the parliamentary transport select committee this morning, Khan said that one of the options for the future funding of the embattled operator should be “proper fiscal [...]
