London News and Opinion
London's business community has warned that significant cuts or changes to Crossrail could jeopardise support for the scheme. Highlighting that businesses have made a significant financial contribution to the scheme via a supplement on business rates, London First Chief Executive … [Read more...]
London is set to pay "more than its fair share" for Crossrail according to a new report published by the London Assembly Transport Committee. During its investigations, the committee heard evidence that central government will earn "around £22 billion over ten years" in extra … [Read more...]
Transport for London is advising bus passengers that routes servicing the eastern end of Oxford Street face "long term" diversions to allow construction of the new Crossrail station at Tottenham Court Road. The diversions will come into effect from Saturday 16 January 2010 and … [Read more...]
Bonuses at Transport for London have increased to more than £17million according to official figures. In a written answer to LibDem Assembly Member Mike Tuffrey, Mayor Boris Johnson confirmed that the total amount of bonuses paid to TfL staff was £17.2 million, up from £10.6 … [Read more...]
Continued investment in London's transport infrastructure is "vital" if the capital is to continue to prosper, Boris Johnson told business leaders on Tuesday. The Mayor was addressing delegates at an event organised by London First which has published a new report suggesting modernisation … [Read more...]
The European Investment Bank has agreed to provide a £1bn loan to Transport for London to help the capital's transport authority fund its share of the Crossrail project. Simon Brooks, the EIB's Vice-President, said the bank was "delighted" to agree the loan. Welcoming the loan, … [Read more...]
The Greater London Authority is inviting comments on proposals to levy a Business Rates Supplement (BRS) to help finance the Crossrail scheme. From April 2010 a 2p supplement will be applied to business properties with a rateable value of £50,000 or more, although some premises … [Read more...]
Londoners looking for more information on the capital’s ambitious Crossrail scheme can now pop along to a new visitor centre on St Giles High Street, close to the construction work on Tottenham Court Road. The centre will be open on Tuesdays and Thursdays from midday until 8pm … [Read more...]
