September 3, 2010

GLA gets power to levy business rate supplement

Local authorities including the Greater London Authority have been granted the power to raise a supplement on the business rate and to help fund new projects aimed at developing their local economies. The new discretionary power, which is contained in the Business Rate Supplements … [Read more...]

Johnson publishes Crossrail charging proposals

Businesses outside London could be asked to contribute to the costs of Crossrail after Boris Johnson asked Transport Secretary Geoff Hoon to consult with planning authorities in the South East and East of England about levying a contribution to the scheme’s costs on new planning … [Read more...]

Construction starts on Crossrail

Yesterday saw the start of construction on Crossrail, as work got underway to lay the foundations for a new station at Canary Wharf. Prime Minister Gordon Brown and Mayor of London Boris Johnson were joined by business leaders for a breakfast briefing to mark the occasion. The Prime … [Read more...]

Boris spends £8m on tunnelling training

Boris Johnson has announced plans for a 'Crossrail Tunnelling Academy' which he says will "provide Londoners with the chance to gain qualifications in a variety of roles essential to the project and to London's economy in the coming years". Johnson will invest £8 million in the … [Read more...]

Johnson to promote capital to developers

Boris Johnson has vowed to promote London as "the best city in the world" for developers looking to beat the recession when he attends the MIPIM property conference in Cannes this week. The Mayor will be making several keynote speeches and is scheduled to attend a number a number … [Read more...]

TfL announce Tottenham Court Road bus changes

Transport for London has announced long term changes to bus routes in the Tottenham Court Road area, resulting from work on the Crossrail project. The Charing Cross Road contra-flow bus lane between Denmark Street and New Oxford Street will be closed from early January to make way … [Read more...]

Crossrail gets major funding boost

The City of London is to contribute £200m to delivering the Crossrail project and will seek £150m of contributions from businesses under a new funding agreement announced today. The deal, announced today by Transport Minister Lord Adonis, Boris Johnson, and Sir Michael Snyder of … [Read more...]

Tube Lines boss moves to Crossrail

Terry Morgan, Chief Executive of tube maintenance contractor Tube Lines has been appointed non-executive chairman of Crossrail. Morgan will replace Doug Oakervee at Crossrail in November 2009 and remains with Tube Lines until then. Morgan has spent seven years at the PPP contractor … [Read more...]