Sadiq Khan forced to cut budget by £38m after Covid leaves black hole November 16, 2020 Sadiq Khan has revised the Greater London Authority’s budget downward by £38m after a drop in revenue due to the Covid crisis. A statement from City Hall said the drop in spending is “because of a forecast unprecedented loss of business rates and council tax income, caused by Covid-19, and the government’s refusal to adequately fund local and [...]
Tube and rail strikes THIS WEEK: How will industrial action affect London commuters and hospitality? March 11, 2023 Parts of Britain’s rail network – including London’s underground system – will be closed during next week’s Budget day strikes, bringing the country to a standstill and hitting hospitality hard. Hospitality bosses have warned the impact of the strikes will hit pubs, bars and restaurants hard, with an estimated £2.5bn having already been lost in [...]
Tube strike brings London to a standstill as Uber raises prices due to increased demand August 19, 2022 London has been paralysed by a strike from workers on the Underground, Overground and bus service, as private hire taxi services like Uber and Bolt raise prices due to increased demand. All London Underground lines are closed on Friday 19 August following a walk-out called by around 10,000 members of the RMT Union on the [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
Sadiq Khan proposes £10m London tourism cash pot to lure back visitors February 16, 2022 London mayor Sadiq Khan has proposed a £10m tourism investment pot, to be used to lure people back to the capital. Some £3m will be pumped into Khan’s £6m ‘Let’s Do London’ campaign, which City Hall claims has pulled £70m back into the city along with 280,000 visitors. Another £7m will then be used for [...]
Exclusive: Sadiq Khan’s PR budget soars by 33 per cent in four years November 19, 2020 Sadiq Khan has increased City Hall spending on public relations by 33 per cent over the course of his term in office, according to newly released figures. Numbers released by City Hall through a freedom of information request show the mayor spent £977,912 on press office costs for 2019/20, compared to £732,537 in 2015/16. Spending [...]
TfL looks for investment partners to take up office space at Bank, Southwark and Paddington stations May 20, 2022 Transport for London is looking for an investment partner to work on commercial developments at the sites of Bank, Paddington and Southwark stations. In a bid to reduce its reliance on fares for income, TFL is looking to offer commercial office space at the stations which could generate significant revenue. All three sites have either [...]
London advocacy groups call for Waterloo and City Tube line to reopen August 17, 2020 London lobby groups have called for the reopening of the Waterloo and City Tube line to help increase the number of people going back to their offices. The shuttle service – which travels between Bank and Waterloo stations – is the only Tube line still not operating, after Transport for London (TfL) restricted public transport [...]
Elizabeth line is tangibly close to completion, TfL says February 2, 2022 The completion of Crossrail’s Elizabeth line is ‘tangibly close’, according to Transport for London’s commissioner Andy Byford. “It really is that close,” Byford said this morning during a TfL board meeting. “We have really put huge effort into getting the trials off [to a start]. The commissioner added that the quick turnaround of stations was [...]
Time running out for TfL to secure emergency government funding October 9, 2020 Time is running out for Transport for London (TfL) to secure emergency central government funding, with cash from its last bailout set to dry up in nine days. TfL is in negotiations with the Department for Transport over the funding settlement, with mayor of London Sadiq Khan asking for £5.65bn over the next 18 months [...]