logo
How Abbey Wood has - or hasn't - changed with three years of the Elizabeth line

How Abbey Wood has - or hasn't - changed with three years of the Elizabeth line

Yahoo01-06-2025
Ahead of the opening of the Elizabeth line in 2022, the people of Abbey Wood were promised that the new railway would spark regeneration in the area.
Three years on, the News Shopper visited the south east London town to see what, if anything, had changed.
Abbey Wood station was completely rebuilt in 2017, offering a modern, sleek gateway to central London.
At that time, it would take just under an hour to reach most destinations in the heart of the capital on suburban railway routes.
READ MORE -
Abbey Wood station was rebuilt in 2017 (Image: Newsquest)
Now, passengers boarding an Elizabeth line train at Abbey Wood can be in Tottenham Court Road in half that time.
Among those taking advantage of the route today (May 29), were four pensioners from the Women's Institute.
They spoke to the News Shopper before setting off on a day trip to Horniman Museum in Dulwich.
'It's brilliant,' said Patricia Moriarty. 'We don't use it particularly because none of us work now, we're all retired.
'But so many people use the line now. I just wish it had been here when I was working.'
An Elizabeth line train at Abbey Wood station (Image: Newsquest)
Transport for London (TfL) has said that since 2022, Abbey Wood has emerged as one of the 'largest regeneration areas in London', with a six per cent increase in new homes.
But Ms Moriarty said that although thousands of new homes are being built in neighbouring Thamesmead, there had not been much noticeable development in Abbey Wood.
'There's not lots of new shops yet, but I think that's coming,' she added.
Next to the station, lies the sleepy shopping parade in Wilton Road. At 9am, some stores still had their shutters down and only a handful of people were walking down the street.
The shopping parade in Wilton Road (Image: Newsquest)
But one unit open for business was Abbey Wood Dry Cleaners, which first opened 43 years ago.
Owner Farooq Ahmed said that despite the quiet street scene that morning, business had been good over the last three years.
'It's getting busy - new people are coming to live in Abbey Wood, so we're getting new customers,' he explained.
'Canary Wharf is only ten minutes away now, and it's cheaper here than the City. That's why people are moving here.'
Farooq Ahmed, owner of Abbey Wood Dry Cleaners (Image: Newsquest)
READ MORE -
He added that while he welcomed the increased footfall, rental prices in the area, including for his own shop, had gone up as a result of the influx of new people.
According to Rightmove, the average house price has also risen by seven per cent over the last three years, from £384,000 in 2022 to £411,000.
'The rent is going up, that's the only issue we have with the Elizabeth line,' Mr Ahmed said.
'Everything has gone up, but new customers hopefully cover it up.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Should the state pension age be increased to 70? Have your say
Should the state pension age be increased to 70? Have your say

Yahoo

time18 minutes ago

  • Yahoo

Should the state pension age be increased to 70? Have your say

The government has commissioned a review into the pensions system as it grapples with rising life expectancy and an ever-growing bill. Yahoo UK's poll of the week lets you vote and indicate your strength of feeling on one of the week's hot topics. After the poll closes, we'll publish and analyse the results each Friday, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo UK readers. A review into the UK's pensions system could see the state pension age increased to 70. Dr Suzy Morrissey, who has been commissioned by work and pensions secretary Liz Kendall to carry out the review, said she would consider the merits and fairness of linking state pension age to life expectancy. With life expectancy projected to keep on rising, according to the Office for National Statistics, the number of pensioners is also expected to have increased by more than 50% by the 2070s. However, the working age population is only projected to have grown by over 10%, Kendall said in July, "making it even more imperative to help future pensioners put into a savings pot they can rely on in the future". Dr Morrisey will also look at the role of the state pension age in "managing the long-term sustainability" of the system, and examples from other countries. This is believed to include looking at Denmark, which recently raised the age of retirement to 70. Government spending on the state pension from 2025-26 is projected at £146bn, according to Department for Work and Pensions estimates – up 63% over the past 10 years and 183% over the past 20 years. With spending on the state pension forecast to increase to £169bn, accounting for inflation, by 2030, some have argued an increase of the retirement age is inevitable. While maintaining the triple lock, a mechanism that guarantees pension increases, modelling from 2022 shows that to keep public spending on state pensions below 6% of national income, the state pension age would have to rise by 69 by 2048–49 and 74 by 2068–69. The Institute for Fiscal Studies says that increases in the state pension age "are a coherent policy response to the fiscal challenges from rising longevity at older ages", and lead some people to remain in paid work for longer. However, the think tank also warns that those reaching retirement age renting in the private sector are at "heightened risk of poverty throughout their retirement" due to inadequate savings, and calls for means-tested benefits to help the hardest hit. Catherine Foot, director of the Standard Life Centre for the Future of Retirement, told the Telegraph that the group experiencing the fastest-growing rate of poverty among working-age adults is people aged 60-65. She said many of this cohort have "fallen out of work due to things like ill health, caring responsibilities or ageism in the labour market" and that any increases to the retirement age would have to be accompanied by policies that help people stay in back on Friday to read the results and analysis via the link below. Read more of Yahoo UK's Poll of the Week articles

A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A
A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A

Yahoo

time18 minutes ago

  • Yahoo

A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A

LONDON, Aug. 19, 2025 /PRNewswire/ -- Nord Anglia Education today announced its A level results for the 2024/25 academic year, with students achieving an impressive 48% of grades at A*-A. These results were again significantly higher than England's overall A*-A average, which was 28.2% this year. Nord Anglia students also achieved an A*-B average of 71.8%, up from 71.5% last year and well above England's 55% A*-B average. Highlights include: Oxford International College had 54 students achieve straight A*-A grades across all their subjects. Graduates have received university acceptances from Oxford, Cambridge, LSE, Imperial, UCL and other global institutions. The British School of Guangzhou achieved 62% at A*-A as well as 82% at A*-B. Graduates are now heading to study at institutions such as LSE, UCL, Imperial College London, Berklee College of Music, the University of Hong Kong, the University of Sydney, and more. d'Overbroeck's Oxford saw 59% of all grades at A*-A, achieved by 220 students across 40 different A level subjects. 45% of students gained at least three A*-A grades. The British School of Nanjing saw 54% of students achieve A*-A, while at The British School of Kuala Lumpur 53% of students achieved A*-A. Dr Elise Ecoff, Group Education Director, Nord Anglia Education, said: "With our largest-ever cohort achieving such outstanding outcomes, we're proud to see Nord Anglia students thriving academically and securing places at the world's top universities. These results show what's possible when students are inspired to aim high and supported every step of the way." In July, Nord Anglia announced its average International Baccalaureate Diploma Programme score of 34 for the academic year, well above the global average of 30.58. Graduates from Nord Anglia Education schools attend the world's top 100 universities, including University of Oxford, University of Cambridge, University College London, Harvard University, Stanford University, Imperial College London, King's College London, and the London School of Economics and Political Science, amongst many others. Media enquiriesDavid BatesSenior Communications ManagerM +44 (0) 7787 About Nord Anglia EducationAs a leading international schools organisation, we're shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life. Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible. No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world's top universities. Our Nord Anglia global family includes 80+ day and boarding schools in 36 countries, teaching over 90,000 students from ages 3 to 18. To learn more or apply for a place for your child at one of our schools, go to Logo - View original content to download multimedia: SOURCE Nord Anglia Education Sign in to access your portfolio

Starling Bank snaps up UK fintech firm in small business push
Starling Bank snaps up UK fintech firm in small business push

Yahoo

time39 minutes ago

  • Yahoo

Starling Bank snaps up UK fintech firm in small business push

Starling Bank has snapped up its UK fintech peer Ember in a bid to ramp up its services for small business customers. The London-based firm said as part of the takeover, Ember's tax and bookkeeping software will be built into Starling's app and online bank. The deal, which Starling did not disclose the price of, will make Ember's HMRC-recognised software exclusive to the fintech. Ember serves the customers of banking giants including HSBC, Revolut, Barclays and Lloyds. Declan Ferguson, Starling's chief financial officer, said the takeover represented Starling's role as a 'natural fintech consolidator'. He added the 'targeted acquisition' of Ember was a part of the group's wider strategy for UK development and pushing its banking-as-a-service product Engine overseas. Small business banking soars The fresh takeover comes as neobanks expand into the small business banking space in recent years, as traditional lenders turn away. Starling has a nine per cent share in the space and faces competition from the likes of Allica Bank and OakNorth. High street lender Metro Bank has also announced a recent pivot from retail banking towards specialist lending with a target of small- and medium-sized enterprises (SMEs). Research from the British Business Bank in March revealed challenger banks make up around 60 per cent of gross lending, compared to nearly two decades ago where the four largest banks made up 90 per cent of SME lending. But recent data from banking industry body UK Finance suggested legacy lenders may be looking to make their return as loans from high street banks to small businesses reached their highest since 2022 in the first quarter of 2025 at £4.6bn. This marked a 14 per cent year-on-year jump. Starling's acquisition of Ember also comes as fintechs across the UK look to diversify their revenue streams in a bid to become less reliant on net interest income. Monzo confirmed this week it is exploring plans for mobile phone service, which follows suit with rivals Revolut and Klarna. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store