Sadiq Khan raises ‘serious concerns’ over Crossrail’s transparency and governance in letter to spending watchdog November 21, 2018 London mayor Sadiq Khan has said he has "serious concerns" about the "transparency and effectiveness of Crossrail's governance" following the fallout from the delay to the £15.4bn project. In a letter to the National Audit Office (NAO), seen by City A.M., Khan said that while joint sponsors Transport for London (TfL) and the Department for Transport (DfT) [...]
Boris’s water cannon fetch junk price as they are sold off for scrap November 19, 2018 Three water cannon bought and renovated for over £300,000 by former London mayor Boris Johnson will be broken down for scrap after being sold for a fraction of their value. The machines, which were never used, have been sold for parts to Reclamations (Ollerton) Ltd for just over £11,000, the mayor’s office announced yesterday. The [...]
Junk food adverts to be banned on London Underground to tackle growing child obesity November 16, 2018 Junk food adverts are set to be banned on the London Underground as well as at bus stops in a new measure to tackle increasing child obesity. Plans to introduce the ban across the Transport for London (TFL) network will be announced soon according to City Hall, once the London Mayor Sadiq Khan has fully studied [...]
TfL bosses stopped claiming expenses during the summer as the Elizabeth Line hit the rocks November 15, 2018 Transport for London (TfL) bosses did not claim any expenses over the summer while it was embroiled in troubles regarding the £15.4bn Elizabeth Line. From July to September, TfL bosses claimed no expenses for work-related activities such as travel costs, dinners and work mobile phones for the first time since 2013, the first year for which data is available. In 2013, [...]
New Crossrail boss to be paid £45,000 more than predecessor Simon Wright amid ongoing project troubles November 14, 2018 Incoming Crossrail boss Mark Wild is set to earn £415,000 – a £45,000 increase on the earnings of his predecessor, Simon Wright. Wild, the current managing director of the London Underground, will retain his Transport for London (TfL) salary of £285,000 on top a non-consolidated allowance of £130,000 for his role as Crossrail CEO. He [...]
TfL to lose £200m from Crossrail delay next year November 14, 2018 The delay to Crossrail will cost Transport for London (TfL) nearly £200m in lost passenger fares and advertising revenue next year, the London Assembly has found. Cash-strapped TfL, which is facing a £1bn operational deficit this year, was relying on the £15.4bn Elizabeth Line to shore up its balance sheet. After months of assurances, the project [...]
Sadiq Khan: UK must remain clearing king after Brexit November 12, 2018 London mayor Sadiq Khan will weigh in on the debate over Europe's post-Brexit clearing industry today, warning the EU that it must guarantee firms continued access to the UK in the event of a “no deal” scenario. Khan will tell German finance minister Olaf Scholz that EU banks and traders should not be permanently “locked out” [...]
London Assembly accuses Sadiq Khan of ‘incompetence’ over Crossrail delay November 9, 2018 London mayor Sadiq Khan has been accused of showing "incompetence" in his handling of the delay to the £15.4bn Elizabeth Line. The London Assembly's transport committee branded Khan's response to a letter it wrote in October – in which it accused the mayor of misleading the public about the delay – as "wholly unsatisfactory". On 31 August Crossrail announced [...]
Sadiq Khan slammed for ‘shocking’ strikes record ahead of Central Line action November 6, 2018 Sadiq Khan has been accused of having the worst strikes record of any London mayor despite promising there would be zero industrial action on his watch. Tomorrow's strike on the Central Line by the Aslef and RMT unions marks the 15th strike to occur since Khan was elected in May 2016. That figure includes 11 Tube strikes, one bus strike, [...]
Westminster council launches consultation for development of Oxford Street November 6, 2018 Westminster City Council has launched a consultation into the development of Oxford Street after Sadiq Khan's plans to pedestrianise the famous shopping area were ditched in the summer. The council has asked residents, businesses and visitors to give their verdict on their new plans for the street, which it says will increase walking space while [...]