Mayor pleads with DfT to hold urgent talks over TfL long-term funding June 10, 2022 London mayor Sadiq Khan has pleaded with the Department for Transport (DfT) to hold talks over reaching a long-term funding for the battered Transport for London (TfL). The latest funding round amounted to £200m and is set to expire on 24 June. “While we are grateful for the support you have provided to date, its [...]
Sadiq Khan warns Londoners to brace themselves for more violent crime due to cost of living crisis June 9, 2022 The Mayor of London, Sadiq Khan, warned this morning the cost-of-living crisis could lead to more violent crime. Khan spoke of his fears that progress in tackling violent crime could be jeopardised as figures show that London’s knife and gun crimes plus teenage murders have been reduced. “We must acknowledge that the spiralling cost of [...]
Growth warning should inject some urgency into Tories’ economic plans June 9, 2022 PERHAPS it was the fact that Boris Johnson was so close to losing his own that has converted him to the cause of expanding home ownership. Either way, he’s a welcome addition to the cause to – in the words of the popular twitter meme – build some bloody houses. The question is whether, scarred [...]
Sadiq Khan blames govt funding for ‘extremely frustrating and disappointing’ tube strike as Unite joins RMT walk-out June 8, 2022 City Hall lambasted the government’s refusal to grant Transport for London (TfL) long-term backing, blaming it for indirectly causing the tube strike scheduled for 21 June. The strike is the latest disruption to affect the Transport for London (TfL) network after 4,000 tube workers walked out on Monday. “At the heart of this industrial action [...]
UK to clock weakest growth in rich world amid economic ‘stagnation’ June 8, 2022 The UK will clock the weakest growth in the rich world caused by households retrenching amid the worst cost of living crisis in a generation, according to new forecasts released today. Rampant inflation driven by accelerating global energy prices as a result of Russia’s invasion of Ukraine and ongoing supply chain disruptions caused by China’s [...]
Moscow will cover Russian oil tankers hit by UK and EU insurance ban, Putin ally says June 8, 2022 Vladimir Putin’s right-hand man has said Moscow will cover Russian oil tankers to ensure they are able to continue making deliveries, if they are unable to get insurance due to Western sanctions. Speaking via messenger platform Telegram, former Russian president and key Putin ally Dmitry Medvedev said the Kremlin will cover uninsured ships, through assurances [...]
US successful seizure of Russian oligarch’s £259m superyacht in deemed-safe Fiji sends shockwaves through Moscow June 8, 2022 Russian oligarchs in Moscow and around the world woke up to the shock news this morning that American authorities won a legal battle late last night to seize a Russian-owned superyacht in Fiji and they wasted no time in taking command of the £259m vessel. The court ruling represented a significant victory for the US [...]
Black Wednesday: Russian Army close to capturing entire Donbas region while Kremlin sends hundreds of bodies to Kyiv June 8, 2022 The Kremlin claims this morning the Russian Army has taken control of 97 per cent of one of the two provinces that make up the Donbas region, as it is drawing closer to its goal of fully capturing Ukraine’s eastern industrial heartland. It also appears that Russia now occupies roughly half of Donetsk province, according [...]
‘We will set out tax cuts this autumn’ promises Rishi Sunak after Boris Johnson appeases angry Tory rebels June 8, 2022 As the Government seeks to get back on track following Monday’s bruising Tory confidence vote in Boris Johnson, Chancellor Rishi Sunak has reaffirmed his commitment to cut taxes for business later in the year. In a speech to the Onward think tank, Mr Sunak said he would be bringing forward a range of measures in [...]
London fund set to lose millions following Mike Ashley’s £20m Misguided acquisition June 7, 2022 The London private equity firm that injected £50m into fast fashion retailer Misguided, in the months running up to its insolvency, is set to lose tens of millions on its investment. Alteri Investors is set to lose £20m- £30m after Mike Ashley’s Frasers Group bought the Manchester based retailer for £20m last week, according to [...]
