Houses of Parliament’s refurbishment could face years of delays April 13, 2019 The £4bn multiyear restoration project on the Houses of Parliament is running behind schedule and could be delayed for several years, the Financial Times claim. A third of MPs and hundreds of administrative staff are due to move out of during autumn so that work be completed on creating a temporary debating chamber and offices, while [...]
Thames Water outlines refund policy if Labour nationalise utilities April 13, 2019 Thames Water has told investors they will be able to demand a refund if Labour come into power and nationalise the utility after inserting a new clause into to its outstanding bonds. In a stock market document to the Irish Stock Exchange, the company outlined Labour's policies of renationalising water, among other utilities like gas and electricity, as [...]
London Oxford Street traffic brought to standstill by climate change protest April 12, 2019 Around 1,000 student strikers caused traffic chaos in central London today as part of a climate change demonstration. Read more: Working groups established to help finance sector deal with climate change The protesters blocked Oxford Street at the intersection with Regent Street as the third nationwide climate protest turned into a march. Queuing traffic spilled [...]
Revealed: The 10 best affordable areas to live in London April 12, 2019 Ten London locations have made the annual Sunday Times' list for the best places to live in the country, with Isle of Dogs taking the crown for best London location. Read more: Brexit uncertainty will drag down London house prices over 2019 While living in London still remains more expensive than living out of the city, [...]
DEBATE: Should individuals be held accountable for the failure of the Garden Bridge project? April 12, 2019 Should individuals be held accountable for the failure of the Garden Bridge project? Caroline Pidgeon, chair of the London Assembly Transport Committee, says YES. When £53.5m is spent on a project, including £43m from the public’s pocket, and there is literally nothing to show for it, some very fundamental questions have to be answered. I fundamentally [...]
Check out Knightsbridge’s Mandarin Oriental’s refurbishment as it reopens after summer fire April 11, 2019 A luxury London hotel is set to open its doors next week after months of renovation following a major fire last summer. Read more: Property events moved away from Brunei-owned hotels amid boycott The Mandarin Oriental Hyde Park in Knightsbridge, which has been closed since June in the wake of a huge blaze that damaged the [...]
Wikileaks co-founder Julian Assange arrested on US extradition request after seven years at Ecuadorian embassy April 11, 2019 Wikileaks co-founder Julian Assange was arrested this morning and taken into police custody for breaching UK bail conditions, with his lawyer adding that it was also in relation to a US extradition request. Read more: Assange's legal team say expulsion from Ecuador embassy would be 'illegal' Assange was taken into custody in central London this [...]
Reforming audit will not be easy, but the latest report might be a place to start April 9, 2019 Sir Winston Churchill’s 1942 speech about the second battle of El Alamein contained one of his most famous quotes. It was not, he said, the end – nor even the beginning of the end – but it was perhaps the end of the beginning. One could be forgiven for harbouring similar feelings about the long [...]
Yacht the hell? Lack of interest sinks new London summer boat show April 9, 2019 A new luxury yacht show set to be held at St Katharine Docks this summer has been cancelled amid waning appetite within the industry. This year’s London Yacht Show, which has promised to be "the most spectacular centrepiece of the British social calendar", has been postponed until next spring following a lack of interest in [...]
Debate: Could financial services firms be better off basing themselves outside of London? April 9, 2019 Could financial services firms be better off basing themselves outside of the capital? Yes – Andy Mielczarek is chief executive at Chetwood Financial. Being based outside of London has such a raft of incentives that it seems like a no-brainer to set up outside of the capital. The overwhelming difference is operating costs. As we’re [...]
