London news: Iconic Alexandra Palace seeks bailout after costs rise by 132%

London news: Iconic Alexandra Palace seeks bailout after costs rise by 132%

The Alexandra Park and Palace Charity Trust said in a new report that costs have risen by 132 per cent largely due to a rise in energy prices. The Grade II listed... Read more »
TfL has a ‘matter of days’ to avoid bankruptcy following short-term funding bailout

TfL has a ‘matter of days’ to avoid bankruptcy following short-term funding bailout

T ransport for London has a “matter of days” to avoid bankruptcy after again failing to agree a long-term funding deal with Government, Sadiq Khan has warned. The emergency funding deal agreed... Read more »
Covid-hit Transport for London gets another bailout to keep running | TfL

Covid-hit Transport for London gets another bailout to keep running | TfL

The funding standoff between Transport for London and central government has inched closer to a long-term settlement, with a further £200m agreed to keep TfL services running for the next four months.... Read more »
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Rishi Sunak reveals £1bn Covid bailout with one-off £6k grants for pubs and restaurants

Chancellor Rishi Sunak has announced a £1bn bailout for businesses hit by Covid as London bars, restaurants, and theatres are left empty. He was forced to cut his trip to the USA... Read more »
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South London council to take over gyms after £1.2m firm bailout

Southwark Council is set to cut ties with a private leisure firm it bailed out to the tune of £1.2 million during the pandemic. The local authority is set to bring services... Read more »
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Eurostar bailout crisis: Cash-strapped rail firm secures £250m shareholder rescue package | Politics | News

The cross-Channel rail operator stated it has reached a financing settlement with its shareholders and banks. This consists of French state rail firm SNCF, which is the corporate’s majority shareholder. The UK bought... Read more »