Protecting the green belt is not about the environment, it’s blinkered self-interest June 22, 2021 The UK needs approximately 345,000 new homes per year if we are to tackle our housing crisis. It is also estimated that by developing just 5.2 per cent of the existing Green Belt, we could build 1.4 million homes. Everybody knows the UK is in the throes of a housing crisis, yet we refuse to [...]
Haiti needs our help after another devastating earthquake August 31, 2021 The City of London Corporation will be donating £25,000 donation to the British Red Cross for its Haiti Earthquake Appeal – and we’re urging other City organisations to also show their support. While the ongoing situation in Afghanistan has captivated the world’s attention, there has been less awareness around the humanitarian crisis on the other [...]
Business of Space: Big decisions for satellite giants – to merge or to share? June 24, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Inmarsat prepares for rival takeover SpaceX and OneWeb pledge cooperation NASA’s Artemis programme heads for major test Inmarsat: Nearly over the dotted line British satellite darling Inmarsat is getting increasingly closer to a successful takeover by US rival Viasat, as pressure [...]
Tunnel vision: the private sector has the ability to transform British infrastructure September 20, 2021 Last week came an unsurprising denouement: the proposed link between Scotland and Northern Ireland, via a bridge or a tunnel, was being shelved. The Treasury could not countenance the estimated £15 billion cost. This was a project with Boris Johnson’s name all over it: big, bold, innovative and eye-catching. It would be a solid piece [...]
UK starts Asia-Pacific trade negotiations June 22, 2021 Dominic Raab will today start trade talks about joining a free trade area in the Asia-Pacific region, which would grant the UK access to some of the biggest economies in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is made up of 11 nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, [...]
EDF to sell Nottinghamshire power plant to investor EIG April 12, 2021 EDF will sell its West Burton B power plant to investor EIG for an undisclosed sum, the firm has revealed. The Nottinghamshire plant was commissioned in 2013 and consists of three combined cycle gas turbine units with enough electricity for around 1.5 million UK homes. Both parties aim to complete the deal, which includes a [...]
Why is the UK economy poised to tumble into a recession and fall behind Europe, US and even Russia? February 16, 2023 Britain avoided a much-tipped recession at the end of last year. Phew. “However, we are not out of the woods yet,” warned Chancellor Jeremy Hunt after last Friday’s GDP figures from the ONS revealed the economy stagnated at the end of 2022, meaning it narrowly avoided the technical recession definition of two consecutive quarters of [...]
England’s fly-half options offer glimpse into an exciting future November 7, 2021 In England’s dominant win over Tonga on Saturday, the scoreline was never really going to be the point of discussion. For the first time since the 2020 Six Nations more than 80,000 spectators packed into Twickenham, and at the weekend they were offered a glimpse of what a future England side could look like. Amid [...]
UK to start preparations for post-Brexit trade deal with Gulf countries October 7, 2021 The UK has announced it will soon begin preparations to land a post-Brexit trade deal with the six Middle Eastern countries of the Gulf Cooperation Council (GCC). International trade secretary Anne-Marie Trevelyan today launched a 14-week consultation on what businesses would like to see in a trade deal, before formal negotiations start next year. The [...]
British Airways threatens to cut Heathrow flights if recovery-undermining airport charges don’t come down November 22, 2021 The boss of British Airways’ parent company warned today that the airline will cut Heathrow flights if proposed increases in charges are implemented, IAG chief executive Luis Gallego said the west London airport’s fees are already among the highest in the world and are becoming “more and more expensive”. In October, the Civil Aviation Authority [...]