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Cuts to Tube will cost economy £66billion, warn 50 City bosse

More than 50 leading City figures today urged the Government to protect the Tube from devastating cuts. They warned Transport Secretary Philip Hammond that London's continued growth and prosperity would be put at risk unless investment was protected. In a letter to the minister, they argued that a modernised Underground network would boost the British economy by £66.5 billion.

Wednesday, 14 July 2010

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  • MSP attacks Government over cost of travel advice The Scottish Government has been accused of insulting people’s intelligence by sending advisers to their houses to explain the concept of public transport. Tory MSP Jackson Carlaw questioned the value of the £15 million being spent on the Government’s Smarter Choices, Smarter Places initiative “to hector the public out of their cars” .

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  • Tube passengers should prepare for years of eye-watering fare rises Tube upgrades are now vulnerable to deep cuts. With the transport department facing 25-40 per cent spending reductions, it is hard to see how Underground funding can be exempt from the axe.
  • Cuts to Tube will cost economy £66billion, warn 50 City bosseMore than 50 leading City figures today urged the Government to protect the Tube from devastating cuts. They warned Transport Secretary Philip Hammond that London's continued growth and prosperity would be put at risk unless investment was protected. In a letter to the minister, they argued that a modernised Underground network would boost the British economy by £66.5 billion.

Manchester Evening News

  • Minister minds the gap over transport cash Transport minister Theresa Villiers has promised to redress the investment gap between Greater Manchester and London. But she remained tight-lipped on the £560m funding axe which looms over the region™s transport plans.

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Campaign for Better Transport

  • Government must heed message that we need to support bus services12 July: The Department for Transport will this week submit their bid to the Treasury for what they want to fund over the next three years. There are plenty of powerful lobbies arguing for billions to be spent on building new roads, but the voice of bus users must be heard. read more

Aviation Industry

  • Eureka! Heathrow Rewards World Duty Free Staff for Innovative Thinking World Duty Free has been awarded first place in Heathrow™s Eureka! 2010 retail innovation incentive scheme. Launched this year the award recognises innovative thinking from the airports' business partners which positively impacts the passengers' experience at Heathrow...
  • Appeals court upholds Bush DOT's ˜peak pricing™ rule A US federal appeals court yesterday upheld the Dept. of Transportation's 2008 rule allowing airports to charge higher landing fees during "peak" periods, with the presiding judge telling objecting airlines that congestion pricing's "creativity should be welcomed on its merits, not spurned for its novelty."
  • Air France, Flybe sign wide-ranging cooperation pact Air France and Flybe yesterday concluded an extensive commercial agreement under which Air France will market and add its AF code to 45 Flybe routes between the UK and France and 17 UK domestic routes through Birmingham, Manchester and Southampton. In turn, Flybe will market and add its code to five AF routes between France and the UK as well as to seven new domestic French routes and 11 international routes.
  • Airline merger talks between THY, Serbia™s Jat intensify The governments of Serbia and Turkey have pledged to speed up talks that could result in indebted Serbian flag carrier Jat Airways merging with Turkish Airlines. During a news conference, Turkish Prime Minister Tayyip Erdogan said, “We are ready for steps that will make that cooperation possible. I am promising to do my best [to provide] the people of Serbia with links to every corner of the world through our two companies.”

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