Quantcast

Yellen Would Assume Vast Policy Portfolio as Treasury Secretary

WASHINGTON — Janet L. Yellen’s expected nomination as Treasury secretary will place the former Federal Reserve chair into a critical role overseeing President-elect Joseph...
More

    Greg Norman, 65, sends fans wild as they notice a VERY naughty detail in his shirtless beach photo

    Golf legend Greg Norman, 65, sends fans wild as they notice a VERY naughty detail in his shirtless beach photo - so did you...

    Wildlife officials discover mysterious 12-foot-tall metal monolith in the middle of a Utah desert 

    Wildlife officials discover mysterious 12-foot-tall metal monolith standing in the middle of a Utah desert State workers in a helicopter noticed the shiny marker while...

    Lewis Hamilton loses three-year-legal battle to ban luxury watchmaker’s ‘Hamilton’ brand

    Lewis Hamilton loses three-year-legal battle to ban luxury watchmaker's 'Hamilton' brand name that firm has been using since 1892 The Formula One world champion took...

    Sadiq Khan warns Covid pandemic has created an ‘existential threat’ to central London

    Sadiq Khan warns Covid pandemic has created an ‘existential threat’ to central London because commuters will choose to work in offices in suburbs in future

    • Sadiq Khan admitted he fears more people will work outside of central London 
    • More people have moved to the suburbs outside the city amid the pandemic 
    • This, the London Mayor suggests, is a potentially existential threat to the City 

    The coronavirus pandemic has created an ‘existential threat’ to central London, mayor Sadiq Khan warned today.  

    In an interview, the mayor admitted that the change in working life brought about by the pandemic ‘keeps him awake at night’, particularly the fear that more commuters will choose to work in the suburbs rather than the city. 

    It comes amid surveys which have suggested that people who have worked from home since March would now be reluctant to go back to their long commutes into packed city centres. 

    Separate data has reveled a rise in house prices in suburbs around the capital, with people moving out of flats and city accommodation for more space outside London. 

    Surveys have suggested that people who have worked from home since March would now be reluctant to go back to their long commutes into packed city centres

    Sadiq Khan has admitted he fears that the pandemic has created an 'existential threat' to central London

    Sadiq Khan has admitted he fears that the pandemic has created an ‘existential threat’ to central London

    Mr Khan told the Observer New Review: ‘I think we’ve got to accept the fact that there is potentially an existential threat to central London as we know it.

     ‘Are there going to be satellite-type offices in outer London because people may not want to work from home but in a co-working space in zone 5 or zone 4?’ 

    His fears are driven by expectations that less people will want to cram togethr on public transport, even after the Covid threat starts to recede. 

    Furthermore, studies have suggested that some people feel as if they are more efficient at work if they do not have to spend time travelling to and from central London offices.  

    Despite his fears the mayor insisted that central London will remain a huge draw, pointing at its art galleries and cultural attractions, as well as the financial services sector. 

    In a wide-ranging interview, Mr Khan spoke about the impact the lockdown has had on the city financially, as well as on him personally. 

    He accepted he ‘blinked’ first in negotiations with Boris Johnson over a £1 billion n grant and £500m loan for Transport for London that involved strict conditions. 

    In an interview, the mayor admitted that the change in working life brought about by the pandemic 'keeps him awake at night'

    In an interview, the mayor admitted that the change in working life brought about by the pandemic ‘keeps him awake at night’

    And he also spoke about an ‘Action Plan’ to increase BAME representation in the Metropolitan police. 

    Speaking about his personal situation, he said: ‘I found it really hard working from home. I’m lucky, I’ve got a wife and kids, and we get on in a decent-sized house. But I thrive on company, sharing ideas. Zoom meetings aren’t the same.’

    It comes days after details of his £10million plan to move City Hall to the East End of London were revealed.

    The mayor confirmed earlier this month that the Greater London Authority would be relocated from its current £43million home near Tower Bridge to The Crystal building in the Royal Docks.

    The decision was first suggested in June as part of efforts to fill a black hole of almost £500 million in the capital’s budget following the coronavirus pandemic.

     Documents submitted to Newham council show how The Crystal – which is currently a conference and exhibition centre – will be altered to accommodate the Mayor and hundreds of City Hall staff.

    According to London Assembly analysis reported by the Evening Standard, it would cost £6million to refit the building internally, £3.6million to upgrade its security and £1.5million to install necessary IT systems.

    However, some residents are fiercely opposed to the move, with one saying it was ‘like selling a Rolls Royce to buy a Mercedes and then claiming to be frugal’.

    The eye-catching current home of the GLA was designed by Norman Foster and only opened in 2002.

    Its unusual shape and construction led to it being dubbed the ‘glass testicle’ by former mayor Ken Livingstone and the ‘glass gonad’ by Boris Johnson.

    The lease was granted in 2001 for 25 years, but allows for a break in the contract after 20 years, in December 2021.

    The mayor believes the current rent is above market value and set to rise to £12.6 million after December 2021.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest Posts

    Savannah Chrisley looks stylish in graphic sweater and leggings as she arrives to LAX

    Savannah Chrisley looks stylish in graphic sweater and leggings as she arrives for a flight out of LAX amid COVID-19 pandemic By Sarah Sotoodeh For...

    Paris Saint-Germain 1-0 RB Leipzig: Neymar scores winner from penalty spot early on

    Paris Saint-Germain 1-0 RB Leipzig: Neymar scores winner from the penalty spot early on as Ligue 1 giants get their Champions League campaign back...

    Female footballers may be in more danger of dementia than men, says top neuroscientist

    Female footballers may be in more danger of suffering from dementia than men as top neuroscientist calls for more women to take part in...

    MAFS: Martha Kalifatidis emotional after boyfriend Michael Brunelli’s ‘appreciation’ post 

    'I might actually cry': Married At First Sight's Martha Kalifatidis gets emotional after her boyfriend Michael Brunelli shared a touching 'appreciation' post By Zoe Burrell...