Daily News 21 Jan 2025

BVRLA warns of coming EV residual value storm

By Paul Homewood

I’ve been warning about this for a long time:

The FleetNews report referred to is here.

As the report points out, leasing companies have managed to cope so far because they are only dealing with a small number of end of lease cars at the moment – cars originally leased three years ago when EV sales were much lower. Losses on those can easily be contained within the profits made from reselling petrol/diesel cars.

But soon they will be dealing with much greater volumes of EVs, along with lower volumes of profitable ICE cars.

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January 21, 2025 at 04:04AM

Daily News 21 Jan 2025

Uzbekistan mustn’t surrender its hard-won freedoms

Who is Allamjonov, and why was he targeted for assassination?

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January 21, 2025 at 04:00AM

Daily News 21 Jan 2025

Rachel Reeves Backing Heathrow Expansion?

By Paul Homewood

Huge row breaks out over reports that Reeves will back Heathrow third runway – The Standard

The Standard is reporting that Rachel Reeves is preparing to give her support to a third runway at Heathrow.

They write:

“It was claimed that the Chancellor will pledge to give her backing to the £14 billion expansion of the west London hub as well as a second runway at Gatwick and a major increase in capacity at Luton airport in a bid to kick-start economic growth.

The reports led to a horrified reaction from environmental campaigners. Jenny Bates, transport campaigner at Friends of the Earth, said: "A decision to green-light another runway at Heathrow would be hugely irresponsible in the midst of a climate emergency and given 2024 was the first year to surpass the all-important 1.5 degrees threshold. It would also fly in the face of the Prime Minister’s promise to show international leadership on climate change."

A move to back a third runway would also trigger a damaging rift with Energy Secretary Ed Miliband and London Mayor Sir Sadiq Khan.”

https://uk.finance.yahoo.com/news/massive-expansion-heathrow-gatwick-luton-075755919.html

It would certainly put the cat among the pigeons!

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January 21, 2025 at 03:58AM