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City Matters Edition 013

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Page 14 | 14-20 December 2016<br />

Extra <strong>Matters</strong><br />

Grayling’s block is<br />

bad for London,<br />

says LCCI boss<br />

THE <strong>City</strong>-based London<br />

Chamber of Commerce<br />

& Industry (LCCI) has<br />

slammed the transport<br />

secretary for blocking a<br />

move that would see the<br />

operation of suburban<br />

rail services handed over<br />

to the Capital.<br />

MP Chris Grayling’s<br />

decision to deny<br />

Transport for London<br />

power over local rail<br />

affairs has been labelled<br />

“a step backwards.”<br />

LCCI chief executive<br />

Colin Stanbridge said:<br />

“We are extremely<br />

disappointed in this<br />

decision by Chris<br />

Grayling.<br />

“Under the previous<br />

government we had<br />

seen the real possibility<br />

of coming to a sensible<br />

arrangement where the<br />

management of Londonbound<br />

rail services was<br />

transferred to TfL.”<br />

The LCCI has<br />

repeatedly called for<br />

the move in an effort<br />

to improve reliability<br />

and punctuality for<br />

commuters, and avoid<br />

damaging the economy.<br />

“We had hoped<br />

that this could be<br />

done so as soon as<br />

possible to deliver<br />

real improvements<br />

in frequency and<br />

reliability,” added Mr<br />

Stanbridge. “Instead<br />

we are left in the same<br />

intolerable situation<br />

where passengers are<br />

subject to delays and<br />

cancellations with<br />

horrendous costs to the<br />

economy.<br />

“Many people have<br />

little choice but to live<br />

outside London because<br />

of housing prices and<br />

are forced to rely on<br />

commuter trains offering<br />

a substandard service<br />

day in day out.”<br />

Capital crunch<br />

hits home after<br />

just three months<br />

ONE in five students<br />

studying in the Capital<br />

are given a rude<br />

awakening by their bank<br />

account just three months<br />

into their studies.<br />

Research shows<br />

prospective students<br />

expected to be<br />

financially stable for the<br />

duration of their course,<br />

but 20% find themselves<br />

in their overdraft before<br />

the Christmas break.<br />

The average student<br />

in London spends £71<br />

a month on food, £92<br />

on bills, £66 on beauty/<br />

fashion treats, and £61<br />

on getting drunk.<br />

Despite the struggles,<br />

54% of those surveyed<br />

by help-link.co.uk don’t<br />

work whilst at university.<br />

Annual fundraiser pulls in £8.2m for good causes<br />

ICAPing a top<br />

day of giving!<br />

IT was a right Royal affair at ICAP’s Charity<br />

Day when leading figures from Buckingham<br />

Palace visited the <strong>City</strong> to lend their support<br />

to the annual fundraiser.<br />

ICAP is a leading markets operator and<br />

provider of post trade risk mitigation and<br />

information services, and has been holding<br />

charity days for nearly quarter of a century,<br />

raising £135million over 24 years.<br />

Commissions<br />

And last week Prince Harry and Sophie<br />

Countess of Wessex put in a shift on the phones<br />

as, for one day only, 100% of ICAP’s revenues<br />

and the entirety of brokers’ commissions went<br />

directly to charity.<br />

The day raised in excess of £8.2m to support<br />

good causes across the globe.<br />

Former England and Manchester United<br />

the ring leaders: (left to right)<br />

Sophie Countess of Wessex, Tony<br />

Hadley, Tom Hardy & Ruth Wilson<br />

football star Rio Ferdinand was also called<br />

into action, as was film icon Tom Hardy,<br />

Spandea Ballet frontman Tony Hadley, and<br />

actor Ruth Wilson.<br />

Michael Spencer, group chief executive<br />

officer of ICAP, said: “I’d like to thank each<br />

and every one of our customers, employees,<br />

suppliers and our distinguished guests for<br />

their dedication and goodwill.<br />

“Without them, this simply would not<br />

have been possible. The amount raised will<br />

make a tangible difference to hundreds of<br />

charities around the world and I look forward<br />

to continuing to raise funds for much need<br />

charitable causes.”<br />

Some 200 charities will benefit from the<br />

latest round of funding, while 2,200 have been<br />

supported since the first Charity Day in 1993.<br />

the rio deal:<br />

Rio Ferdinand<br />

royal approval: Prince Harry<br />

takes a couple of calls<br />

CITYMATTERS.LONDON<br />

TfL and Met move<br />

to put fears to bed<br />

TRANSPORT for London<br />

(TfL) has teamed up<br />

with the Met to launch<br />

a campaign to make<br />

sure those visiting the<br />

<strong>City</strong> and neighbouring<br />

parts of the Capital are<br />

wrapped up safe this<br />

winter season.<br />

The Safer Travel<br />

at Night campaign,<br />

reminding the public of<br />

the dangers of unbooked<br />

minicabs and providing<br />

advice on how to safely<br />

get a black cab or booked<br />

minicab home this<br />

Christmas and new year,<br />

kicked off late last week.<br />

Officers will also be<br />

engaging with revellers<br />

to remind them of the<br />

importance of planning<br />

their journeys home,<br />

speaking particularly<br />

to those who may be<br />

tempted to take an<br />

unbooked minicab after<br />

a night out.<br />

As well as reminding<br />

the public of how they<br />

can stay safe, TfL will<br />

be speaking directly<br />

to minicab operators,<br />

reminding them of their<br />

responsibilities towards<br />

passenger safety.<br />

Steve Burton, TfL’s<br />

director of enforcement<br />

and on-street operations,<br />

said: “We want people<br />

to enjoy themselves this<br />

festive season, but also<br />

stay safe.<br />

“Working alongside<br />

the police, our<br />

enforcement teams will<br />

be dealing with any<br />

illegal taxi or minicab<br />

activity and speaking<br />

to passengers, drivers<br />

and minicab operators<br />

to help ensure everyone<br />

gets home safely.<br />

“People should always<br />

plan their journey home<br />

and, if using a minicab,<br />

make sure it’s booked<br />

with a licensed operator,<br />

if it’s not, it’s essentially a<br />

stranger’s car.<br />

“These drivers are<br />

breaking the law and<br />

putting you at risk.”<br />

Inspector David<br />

Aspinall from the<br />

<strong>City</strong> of London Police<br />

transport and highways<br />

operations group<br />

stressed that travelling<br />

in the Square Mile at<br />

night is ultimately very<br />

safe, but that the force<br />

will continue working to<br />

make it even safer.<br />

He added: “We have<br />

increased the number of<br />

compliance checks that<br />

we undertake on drivers<br />

and vehicles to help keep<br />

you safe.<br />

“You can also help<br />

yourself keep safe by<br />

making sure to always<br />

get a black cab or book<br />

a minicab through a<br />

licensed operator, don’t<br />

leave it to chance.”

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