The Weekly Wrap
Due to worries that wind tunnels
could produce enough force to knock over cyclists and pedestrians, the City of
London has drawn up stricter guidelines for constructing skyscrapers.
The UK's first wind microclimate
guidelines were released by the governing body of the Square Mile on Tuesday in
order to put cyclists and pedestrians safety first.
Using comprehensive scale models in
wind tunnels and computer simulations, developers will need to provide a more
robust evaluation of how suggested structures will impact individuals on road
The City will also reduce the level
of wind conditions considered tolerable under the new rules.
Average speeds of more than 18mph
will be reclassified as “uncomfortable” rather than “business walking
In recent years, several
skyscrapers have been built across London’s skyline, including the Leadenhall
Building, known as “The Cheesegrater” and the “Walkie-Talkie” at 20 Fenchurch
Street – both in the Square Mile.
Another 13 skyscrapers are
scheduled for 2026, with six already being built and seven receiving planning
permission from the City of London.
Lunchtime Streets taking over the City
The City of London “Corporation”
has started a new scheme called “Lunchtime Streets”. This is a creative way in
which it allows workers to enjoy traffic free zones throughout the City, so the
public can enjoy their lunch in a safer more pleasant environment. “Lunchtime
Streets” will also be an opportunity to reimagine how street space might be
used in the future.
This will be happening in certain
parts of the City including the Eastern tower cluster, with buildings such as
Cheesegrater, Lloyds of London, Gherkin, Aviva Tower and many more. The area
provided a car free zone, with no traffic aloud to pass through leaving people
to enjoy food, music and all different activities during their breaks. During
this four day event 273 people shared their views on this and in an article
from “Lunchtime Streets” themselves they were said to be “overwhelmed” with the
response they received from the public.
The results showed 95% support for
the trial and making streets such as, St Mary Axe traffic free at lunchtime and
88% said they support or strongly support the diversion of daytime traffic from
St Mary Axe to make space for street activities on a permanent basis.
Due to the success of the previous
event they are also testing this out in Chancery Lane on 3rd to the 5th
September, the “Chancery Lane Association” have decided to assist in this
scheme and involve many of the sites around this area to join in and promote
It is encouraging to know that the
City of London seem to want to make the City a healthier place to work and
commute to. With less cars on the street to even help pollution in the City as
that is one of the key factors we are experiencing in this current time. We are
trying to encourage more spaces in the City that the public can enjoy and make
the streets safer for the public.
The City of London extracts wealth from the remainder of the UK's areas.
TWO UK finance specialists used the
example of a Scottish PFI project to demonstrate how, contrary to common
wisdom, the economic industry, which is focused in the City of London, extracts
wealth from other UK areas.
The analysis originated in a House
of Commons investigation into regional inequality, the most serious of any
Western European nation.
London and the South East have a
considerably greater GDP than other regions of the United Kingdom and a
significantly greater tax contribution, leading many politicians and
commentators to argue that the remainder of the United Kingdom benefits from
the redistribution of the wealth creation of the City of London.
Labor's Glasgow North-East MP Paul
Sweeney stated in May on Novara Media, criticising Scottish independence's
economics, that: “London essentially generates the wealth, and it is
re-distributed to other regions of the UK”.
Chris Giles of the FT wrote in 2017
that “if London was a nation state, it would have a budget surplus of 7 per
cent of gross domestic product, better than Norway. . . . the idea that London
sucks the life out of other parts of Britain is absurd.”
GPE signs PensionBee for City offices
PensionBee has been signed by Great
Portland Estates at its development on 55 Basinghall Street.
The move took place on July 30 and
saw PensionBee moving to City Place House, 55 Basinghall Street, an internet
pension provider established in 2015.
The agreement will see the
65-strong team occupying 5,000 sq ft and moving from 50 Southwark Street
offices where it occupied 1,784 sq ft.
PensionBee said it aims to continue
its growth path and invest in its model of customer service as it increases its
assets under administration, which in July 2019 exceeded £500m.
View All Articles