The UK ground to a halt this week as the result of a straining transport network brought to its knees by the heaviest snowfall in 18 years.
The effect was most stark in London, which saw all of the capital’s buses confined to their depots and only a handful of train services running and only one tube line functioning. The Federation of Small Businesses (FSB) has estimated that 1 in 5 workers were not able to make it into the office, at a cost to the economy of £1.2 billion per day.
Young Group’s CEO, Neil Young commented; “The cost of the adverse weather is staggering, but it has been those lucky enough to live in city centres, close enough to walk to work, who have been left holding the economy together.”
Young Group promotes city living by investing in developments across London that are convenient for commuting on foot or by bike. Young Group’s development, The Landmark at Canary Wharf is a mere 500 metres from the heart of the financial district and will complete from the end of 2009. Similarly convenient developments, which are already tenanted by Young Group’s estate agency, Young London, include, myBASE1 in Southwark – a short stroll across the River Thames from the City – and West End Quay in Paddington.
Property Examples:
The Landmark – apartments for sale from £389,000 – call: +44(0)845 356 1000
myBASE1 – apartments for rent from £325pw – call: +44(0)845 356 1010
