Cost of new Museum of London balloons to £332m over ‘desperate’ need for repairs July 1, 2019 The price tag for the new Museum of London in West Smithfield market has increased by a third to £332m after studies revealed the extent of repair work needed. The relocation, previously estimated to cost £250m, is one of the largest cultural projects underway in Europe and is set to be the UK’s most expensive [...]
Government ‘knew for years’ that HS2 will blow its budget August 27, 2019 The government has known for years that HS2, Britain’s controversial new high speed railway, is running over budget and behind schedule, it is reported. The Department for Transport (DfT) and HS2’s managers knew at least as early as 2016 about the project’s troubled outlook, according to documents seen by the BBC. Read more: Why it’s [...]
Nottingham Forest eye end to 21-year Premier League exile with promotion push February 5, 2020 This weekend sees two once-great clubs of English football go head to head as they both look to take a step closer to rising from the ashes. Both are battling for the Championship’s automatic promotion places, with Leeds one point off the top in second place and Nottingham Forest, who they visit on Saturday, close [...]
Why cash-rich renters are on the rise October 11, 2019 According to conventional British wisdom, renting is something you do when you can’t afford to buy a house. While that’s still true of the majority of London renters, there is another group – and they’re growing. Some are international executives coming here to work for a year or two. There are wealthy overseas students, too, [...]
Wall Street ends hot streak and opens lower amid China growth slowdown August 16, 2021 Wall Street fell from last week’s record highs at Monday’s open amid concerns about the impact of the crisis in Afghanistan and after China missed expectations on a range of data, signalling that its economy was slowing down. The S&P 500 slid down 0.4 per cent from Friday’s all-time high of the year, while the [...]
An open letter to the PM: Britain must build Sizewell C — nuclear sits at the heart of a green recovery July 12, 2020 An open letter to Prime Minister Boris Johnson, business secretary Alok Sharma, and chancellor of the Exchequer Rishi Sunak We are writing as engineers, nuclear experts, scientists and concerned citizens to applaud your commitment to fighting climate change through energy policy, in particular the commitment to proceed with new nuclear construction at the same time [...]
Chuka Umunna denies ‘opportunism’ in switching to City of London parliamentary seat September 6, 2019 Lib Dem MP Chuka Umunna has denied that switching his parliamentary seat to the Cities of London and Westminster constituency is opportunistic. Umunna announced he would contest the Tory flagship seat at the next election, having represented people living in Streatham in south east London for the last nine years. Read more: Ex-Labour MP Luciana [...]
Nato members must invest in integrated defence — now February 4, 2020 The world has not stood idly by while the Brexit drama has played out these past few years. Now that it is blessedly ending, London must catch up on what it has been missing in the strategic world. Imagine the following scenario. Citizens of a small eastern European nation within Nato awake to find that [...]
Sadiq Khan’s new congestion charge rules will undermine Transport for London December 21, 2021 Not long ago we were told that Londoners were going to have to pay £20 more in council tax a year for the next three years to bail out Transport for London. London’s transport system simply couldn’t function with the current budget it had, forcing the Mayor to take a seemingly painful decision to increase [...]
Stagecoach shares drop after Deutsche Bank cuts target price July 1, 2019 Shares in train and bus operator Stagecoach fell four per cent this morning to 121.7p after Deutsche Bank slashed its target price. Read more: Stagecoach profits rise despite UK rail franchise loss The broker lowered the shares’ target price to 155p from 170p. The bank said this would allow stable profitability in 2020-21 and a [...]