TfL finances battered by £100m drop in advertising revenue July 5, 2021 Transport for London (TfL) has suffered a record £100m plunge in advertising revenue across its network after Covid restrictions prevented people using its services. The fall in ad revenues is the latest pandemic hit for TfL, which derives the vast majority of its revenue from fares, and has been bailed out to the tune of [...]
One-in-four UK financial services workers want to work from home full-time, says new survey July 5, 2021 Almost one-in-four of the UK’s financial services workforce wants to work at home permanently post-pandemic, according to a new survey from Accenture. The survey found 24 per cent of the country’s 1m financial services workers “would prefer to work entirely from home once a full return to office is possible”, while 69 per cent said [...]
TfL must be ‘realistic’ on mega-projects, says deputy mayor, as wait for long-term funding deal goes on July 3, 2021 Heidi Alexander has a lot on her plate. In normal times, overseeing London’s transport network as Sadiq Khan’s deputy mayor for the sector would be quite the job, what with keeping the capital’s commuters happy while delivering huge infrastructure projects like Crossrail. And that is before the pandemic left TfL operating on a shoestring budget, [...]
Ride-hailing firms have ‘moral imperative’ to give drivers’ workers rights, says Heidi Alexander July 2, 2021 London’s deputy mayor for transport has said that ride-hailing firms have a “moral imperative” to offer their drivers basic workers’ rights. Speaking to City A.M., Heidi Alexander said that City Hall would like to see minicab operators like Bolt and Ola adapt their business models to embrace the Supreme Court’s historic judgement on Uber. Her [...]
Ren Baletti CA on why EDF will be powering the UK’s transformation towards zero-emissions July 1, 2021 The electric vehicle revolution is finally charging ahead. EDF’s Ren Baletti CA tells Ryan Herman why the utility giant will be powering the UK’s transformation towards a zero-emissions economy. This article first appeared in ICAS’ CA magazine. The car industry is often seen as a bellwether of our economy. In January 2021, figures from the [...]
TfL under fire over ‘hidden subsidies’ for Uber Thames Clipper services June 30, 2021 Transport for London (TfL) is tonight under pressure after a complaint was lodged with the Competition and Markets Authority (CMA) over “hidden subsidies” for the Uber Thames Clipper ferry service. Romford MP Andrew Rosindell and London Assembly Member Keith Prince have written to the CMA saying that the firm is being given “an unfair and [...]
LIVE: Blaze in Elephant & Castle under control, roads in area reopened June 28, 2021 Station commander James Ryan just told City A.M. the huge fire at Elephant & Castle train station is under control, nearly four hours after it started. Dozens of police and ambulance crews were still on the scene at 7.15pm this evening. The cause of the fire is unknown and is being investigated, he added. The [...]
Exclusive: Business chiefs call for long-term TfL funding to support return to work June 25, 2021 The government must agree a sustainable long-term funding deal for Transport for London (TfL) to help support the capital’s post-pandemic recovery, business chiefs have urged. In a new report seen by City A.M., lobby group London First said maintaining public transport services in the capital was “vital” in rebuilding confidence and supporting the shift to [...]
Over 500 privately owned e-scooters seized by London police last week June 25, 2021 Hundreds of London’s e-scooter riders had their equipment seized by police last week, as the capital’s e-scooter scheme has swayed many private owners to take to the roads. The Metropolitan Police said its officers confiscated 507 of the tech-transport devices during “proactive patrols” across London’s boroughs. Transport for London (TfL) began trialling the e-scooters as [...]
London launches England’s first hydrogen-powered double decker buses June 23, 2021 Transport for London (TFL) will today add 20 new environmentally friendly hydrogen double decker buses to its fleet. Launched by London mayor Sadiq Khan in Ealing, the buses will provide commuters with smoother, quieter journeys thanks to less vibrations. Free-to-use USB charging ports will also be available onboard. They will join more than 500 electric [...]