The rail industry will be bankrupted if it is forced to remove even the most remote risk of accidents by spending £3bn on safety measures, a study by the Institute of Logistics & Transport has found. Ministers are guilty of double standards by demanding 'zero tolerance' of rail crashes but taking little action to tackle the far greater risk of dying on the roads, the ILT claims.
Property developer Minerva has unveiled plans for the City of London's biggest building. St Botolph's House will be 36 storeys high and offer 90,000m 2of office space.
Arab engineers from Jordan are preparing to fly to Saudi Arabia to restore the country's 1,280km Hejaz Railway. The line and its narrow gauge steam trains were abandoned after the First World War.
The European Commission has proposed a harmonisation of European Union petrol taxes that would sharply reduce the price paid by British motorists.
The Treasury opposes the idea, which could mean the price of a litre of petrol falling from 78p to 70p.