Connect with us

Published

on

Thousands of rail workers and train drivers are going on strike this month – with an overtime ban beginning from Monday and mass disruption expected from Wednesday.

But planned industrial action by London Underground workers has been cancelled, it was announced on Tuesday.

RMT (the Rail, Maritime and Transport union) and ASLEF (The Associated Society of Locomotive Engineers and Firemen) members are striking in an ongoing dispute over pay and conditions.

ASLEF represents drivers, whereas the RMT represents workers from many different sectors of the rail industry – including station staff and guards.

Here is everything you need to know about which services are affected this week.

What’s happening this week?

Tuesday 3 October

Train driver overtime ban likely to reduce services

Wednesday 4 October

Train driver strike and overtime ban to cancel or reduce services

Thursday 5 October

Knock-on effect of strikes to affect early morning services. Train driver overtime ban likely to reduce services

Friday 6 October

Train driver overtime ban likely to reduce services

Saturday 7 October

Knock-on effect of strikes to affect early morning services

London Underground

Tube workers had been planning to walk out on Wednesday 4 October and Friday 6 October.

The industrial action would have “severely affected” most underground lines and there would have been no night tube on 6 October, either.

But on Tuesday unions announced the planned strikes have been called off.

Around 3,000 members of the Rail, Maritime and Transport union (RMT) had been due to walk out during the two days of strikes.

The RMT said that following talks at the conciliation service Acas it has managed to save jobs, prevent detrimental changes to rosters and secure protection of earnings around grading changes.

The union said: “The significant progress means that key elements have been settled although there remains wider negotiations to be had in the job, pensions and working agreements dispute.”

RMT general secretary Mick Lynch said: “I congratulate all our members who were prepared to take strike action and our negotiations team for securing this victory in our Tube dispute.

“Without the unity and industrial power of our members, there is no way we would have been able to make the progress we have.”

A sign for the London Underground seen through the closed shutters at Euston station, central London, during a strike by members of the Rail, Maritime and Transport union (RMT) and Unite, in a long-running dispute over jobs and pensions. The strike by transport workers in London is expected to cause travel chaos with limited services on the Tube. Picture date: Thursday November 10, 2022.

Avanti West Coast

Avanti West Coast will not be operating any services on Wednesday 4 October.

Customers who booked tickets to travel on these days can claim a full, fee-free refund from their point of purchase.

Customers with pre-booked tickets for travel on a strike day can use their ticket the day before or the two days after.

Avanti plans to run its normal timetable during overtime bans, but recommends you check before you travel as the impact will vary from route to route.

C2C

There will be no C2C service on Wednesday 4 October.

On days when overtime bans are in place, there will be a reduced peak time service and a reduced frequency of two trains per hour during off-peak hours across all routes.

First and last trains will be unaffected.

Chiltern Railways

There will be no Chiltern Railways services on Wednesday 4 October on any routes.

Although industrial action on the London Underground has been suspended, there will be impacts on Chiltern Railways services at the London end of the route.

On 5 and 6 October no services will be calling at stations including; Harrow-on-the-Hill, Rickmansworth, Chorleywood, Chalfont & Latimer and Amersham. This is until after 8am on Thursday and all day on Friday.

On Saturday 7 October, no Chiltern Railways services will call at South Ruislip until after 8am.

Chiltern Railways will be running an amended timetable during the week of overtime bans, which travellers can check here.

CrossCountry

There will be no CrossCountry services on Wednesday 4 October.

Some services will be amended during overtime ban dates. You can view the list of trains affected on each day here.

Read more:
Cost of living latest – with Airbnb tips

East Midlands Railway

There will be no East Midlands Railway service on Wednesday 4 October.

East Midlands says its journey planners have now been updated for days where an overtime ban is in place. Check here for updates.

GTR

GTR, also known as Govia Thameslink Railway, is the UK’s biggest railway franchise and operates Southern, Thameslink, Great Northern and Gatwick Express.

It says there will be no Thameslink, Great Northern or Gatwick Express services operating on Wednesday 4 October.

A limited Southern shuttle service will run, calling at Gatwick Airport and London Victoria only.

Services on Thursday 5 October will begin much later than normal in the aftermath of the strike the day before, with some routes having no services before 7am.

On days when an overtime ban is in place, GTR says an amended timetable with fewer services will run.

The usual non-stop Gatwick Express service between London Victoria, Gatwick Airport and Brighton will not run.

To help customers, extra stops at Clapham Junction and East Croydon have been added, so these trains will be operating as Southern services.

Gatwick Express tickets will be valid on Southern and Thameslink at no additional cost.

Find out more about each of GTR’s lines by clicking on their names at the top of this section.

Pic: iStock

Great Western Railway

Great Western Railway (GWR) will be operating a reduced and revised timetable on Wednesday 4 October.

Many parts of the network will have no service at all. Services that go ahead will start from 7.30am and all journeys must be completed by 6.30pm.

GWR says there are likely to be short-notice alterations or cancellations to its services on days when overtime bans are in place.

You can check GWR’s website for updates nearer the time.

Greater Anglia and Stansted Express

Reduced services are expected to run on both strike and overtime ban days.

You can click here to see what plans are in place on all affected dates.

Heathrow Express

On the strike day of 4 October, there will be fewer trains going to Heathrow Airport and they will start later and finish earlier.

Trains will run between Paddington and Heathrow between 7.40am and 6.25pm.

Services between Terminal 5 and Paddington will run between 7.42am and 6.57pm.

And there will be trains between 7.47am and 7.02pm from Heathrow Central into Paddington.

The Elizabeth Line will service customers travelling from London to Heathrow.

Heathrow has not announced any changes during overtime bans. Click here for more information about its services.

LNER

LNER services will run on an “extremely limited timetable” during 4 October, with minor alterations on days before and after them.

You can find more details here.

London Northwestern Railway

There will be no London Northwestern Railway (LNR) service on Wednesday 4 October.

It will have buses in place of trains between Watford Junction and St Albans Abbey on days when there are overtime bans.

You’ll be able to see what impact the overtime ban will have on LNR via journey planners.

Northern

There will be no Northern service in operation on Wednesday 4 October, and no rail replacement bus services.

Days affected by overtime bans are likely to cause some short-notice alterations or cancellations. You can check here for updates.

Southwestern Railway

An extremely limited service will operate on a small number of lines during strike days, and most of the Southwestern Railway mainland network will be closed. There will be no service on the Island Line.

Customers are advised to only travel if absolutely necessary.

Reduced services will operate across the mainland South Western Railway network on overtime ban days, with an hourly service on the Island Line.

Find out more here.

Southeastern

There will be no Southeastern service in operation on any routes on strike days.

Southeastern expects to run a full service during overtime ban periods.

TransPennine

No TransPennine Express service will run on any route during the strike on Wednesday 4 October.

There will also be some early morning and late evening alterations on the days before or after a strike day.

TransPennine Express plans to run its normal timetable during overtime ban days but warns there could be significant disruption to your journey, so be sure to check before you travel.

West Midlands Railway

There will be no West Midlands Railway service on Wednesday 4 October.

On days when the overtime ban is in place, reduced train services will operate between Birmingham New Street and Hereford and Birmingham New Street and Shrewsbury – and a bus service will replace trains between Nuneaton and Leamington Spa via Coventry.

The overtime bans may lead to amended timetables and on-the-day cancellations, particularly if there is disruption to services, so check before you travel.

How you can remain up-to-date

You can tap any of the links provided above to check for updates on specific lines.

National Rail urges anyone hoping to travel on strike and overtime ban days to use its Journey Planner to keep an eye on how services will be affected.

Any journey accompanied by a yellow warning triangle means the information is still subject to change.

Most journeys should now be up to date on the planner.

Continue Reading

Business

Treasury to dispose of final shares in bailed-out NatWest Group

Published

on

By

Treasury to dispose of final shares in bailed-out NatWest Group

The government is preparing to sell the final publicly owned shares in NatWest Group on Friday, drawing a line under one of the world’s biggest bank bailouts after nearly 17 years.

Sky News understands that the Treasury is preparing to offload its remaining stake – which is down to roughly 0.1% – in the coming hours, with a public statement likely either later on Friday or on Monday morning.

Sources cautioned that the timings were still subject to change.

The final disposal of a stake which at one point represented more than 80% of NatWest’s share capital has been anticipated for weeks.

Last week, Sky News reported that British taxpayers were heading for a loss of just over £10bn on the 2008 rescue of NatWest, then known as Royal Bank of Scotland (RBS), having pumped £45.5bn into the lender to prevent it – and the wider UK financial system – collapsing.

Confirmation of the sale of the Treasury’s final interest in NatWest will come almost 17 years after the then chancellor, Lord Darling, conducted what RBS’s boss at the time, Fred Goodwin, labelled “a drive-by shooting”.

Total proceeds from a government trading plan launched in 2021 to drip-feed NatWest stock into the market have so far reached about £13bn, with the final tally likely to be about £13.2bn.

More from Money

In addition, institutional share sales and direct buybacks by NatWest of government-held stock have yielded a further £11.5bn.

Dividend payments to the Treasury during its ownership have totalled £4.9bn, while fees and other payments have generated another £5.6bn.

In aggregate, that means total proceeds from NatWest since 2008 are expected to hit £35.3bn.

Under Rick Haythornthwaite and Paul Thwaite, now the bank’s chairman and chief executive respectively, NatWest is now focused on driving growth across its business.

It recently tabled an £11bn bid to buy Santander UK, according to the Financial Times, although no talks are ongoing.

Mr Thwaite replaced Dame Alison Rose, who left amid the crisis sparked by the debanking scandal involving Nigel Farage, the Reform UK leader.

Sky News recently revealed that the bank and Mr Farage had reached an undisclosed settlement.

During the first five years of NatWest’s period in majority state ownership, the bank was run by Sir Stephen Hester, now the chairman of easyJet.

Sir Stephen stepped down amid tensions with the then chancellor, George Osborne, about how RBS – as it them was – should be run.

Lloyds Banking Group was also in partial state ownership for years, although taxpayers reaped a net gain of about £900m from that period.

Other lenders nationalised during the crisis included Bradford & Bingley, the bulk of which was sold to Santander UK, and Northern Rock, part of which was sold to Virgin Money – which in turn has been acquired by Nationwide.

The Treasury and NatWest declined to comment.

Continue Reading

Business

US trade court blocks Donald Trump from imposing sweeping global tariffs – claiming he ‘exceeded his authority’

Published

on

By

US trade court blocks Donald Trump from imposing sweeping global tariffs - claiming he 'exceeded his authority'

A trade court in the US has blocked President Donald Trump from imposing sweeping global tariffs on imports.

The ruling from a three-judge panel at the Court of International Trade came after several lawsuits arguing Trump has exceeded his authority, left U.S. trade policy dependent on his whims and unleashed economic chaos.

“The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs,” the court wrote, referring to the 1977 International Emergency Economic Powers Act.

The White House is yet to respond.

The Trump administration is expected to appeal.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

Business

‘Leicester is embargoed’: City’s clothing industry in crisis

Published

on

By

'Leicester is embargoed': City's clothing industry in crisis

You probably recall the stories about Leicester’s clothing industry in recent years: grim labour conditions, pay below the minimum wage, “dark factories” serving the fast fashion sector. What is less well known is what happened next. In short, the industry has cratered.

In the wake of the recurrent scandals over “sweatshop” conditions in Leicester, the majority of major brands have now abandoned the city, triggering an implosion in production in the place that once boasted that it “clothed the world”.

And now Leicester faces a further existential double-threat: competition from Chinese companies like Shein and Temu, and the impending arrival of cheap imports from India, following the recent trade deal signed with the UK. Many worry it could spell an end for the city’s fashion business altogether.

Gauging the scale of the recent collapse is challenging because many of the textile and apparel factories in Leicester are small operations that can start up and shut down rapidly, but according to data provided to Sky News by SP&KO, a consultancy founded by fashion sector veterans Kathy O’Driscoll and Simon Platts, the number has fallen from 1,500 in 2017 to just 96 this year. This 94% collapse comes amid growing concerns that British clothes-making more broadly is facing an existential crisis.

A trade fair tries to reignite enthusiasm for the city's clothing industry
Image:
A trade fair tries to reignite enthusiasm for the local clothing industry

.

More on this story:
The modern slaves making our clothes in Leicester
How Leicester’s textile workers are being exploited
Boohoo failed in Leicester supply chain malpractice

In an in-depth investigation carried out over recent months, Sky News has visited sites in the city shut down in the face of a collapse of demand. Thousands of fashion workers are understood to have lost their jobs. Many factories lie empty, their machines gathering dust.

Graphic

The vast majority of high street and fast fashion brands that once sourced their clothes in Leicester have now shifted their supply chains to North Africa and South Asia.

And a new report from UKFT – Britain’s fashion and textiles lobby group – has found that a staggering 95% of clothes companies have either trimmed or completely eliminated clothes manufacturing in the UK. Some 58% of brands, by turnover, now have an explicit policy not to source clothes from the UK.

Seamstresses in former Leicester factory
Image:
Seamstresses in one of the city’s former factories

Clothing industry workers in Leicester
Image:
Clothing industry workers in Leicester

Jenny Holloway, chair of the Apparel & Textile Manufacturers Association, said: “We know of factories that were asked to become a potential supplier [to high street brands], got so far down the line, invested on sampling, invested time and money, policies, and then it’s like: ‘oh, sorry, we can’t use you, because Leicester is embargoed.'”

Tejas Shah, a third-generation manufacturer whose family company Shahtex used to make materials for Marks & Spencer, said: “I’ve spoken to brands in the past who, if I moved my factory 15 miles north into Loughborough, would be happy to work with me. But because I have an LE1, LE4 postcode, they don’t want to work for me.”

Shahtex in Leicester used to make materials for Marks & Spencer
Image:
Shahtex in Leicester used to make materials for Marks & Spencer

Tejas Shah is a third-generation manufacturer
Image:
Tejas Shah, of Leicester-based firm Shahtex

Threat of Chinese brands Shein and Temu

That pain has been exacerbated by a new phenomenon: the rise of Chinese fast fashion brands Shein and Temu.

They offer consumers ultra-cheap clothes and goods, made in Chinese factories and flown direct to UK households. And, thanks to a customs loophole known as “de minimis”, those goods don’t even incur tariffs when they arrive in the country.

An online advert for Chinese fast fashion company Shein
Image:
An online advert for Chinese fast fashion company Shein

According to Satvir Singh, who runs Our Fashion, one of the last remaining knitwear producers in the city, this threat could prove the final straw for Leicester’s garments sector.

“It is having an impact on our production – and I think the whole retail sector, at least for clothing, are feeling that pinch.”

Inside one of the city's remaining clothesmakers
Image:
Inside one of the city’s remaining clothesmakers

While Donald Trump has threatened to abolish the loophole in the US, the UK has only announced a review with no timeline.

“If we look at what Trump’s done, he’s just thinking more about his local economy because he can see the long-term effects,” said Mr Singh. “I think [abolishing de minimis exceptions] will make a huge difference. I think ultimately it’s about a level playing field.”

A spokesperson for Temu told Sky News: “We welcome UK manufacturers and businesses to explore a low-cost way to grow with us. By the end of 2025, we expect half our UK sales to come from local sellers and local warehouses.”

Continue Reading

Trending