Cab Driver Anger As Goldman Pays $199,000 To Have Road Closed

London Taxi

The firm has the cheek to put the safety of its staff ahead of cab drivers worried about the increased congestion.

London Taxi

Goldman Sachs is paying $199,000 for a London street to be closed to traffic after complaining that it was dangerous for staff.

The London Evening Standard reports that the 'accident blackspot' was closed by the City of London Corporation amid an increase in cyclists and pedestrians being injured in the area.

But cab drivers and some residents oppose the closure of Stonecutter Street, a popular cut-through.

Although it is not uncommon for companies to fund public realm works, London cabbies aren't best pleased. The newspaper quotes a representative of the cabbies, who said: 'It’s an atrocious situation that a major bank can just do a deal with the Corporation of London and cut main roads in the city, causing traffic jams, increased congestion, increased emissions and increase our cab fares just for the benefit of their staff'.

A Goldman Sachs spokeswoman said: 'We support the City of London’s initiative to prioritise pedestrian safety and to strike a better balance among the interests of pedestrians, cyclists, vehicles making local trips, and through traffic'.

A spokesman for the Corporation said: 'This is a City Corporation-led initiative with broad support from local employers that is designed to improve road safety and the local environment'.

Hit the link below to access the complete London Evening Standard article:

Goldman Sachs pays £130,000 for ‘danger road’ to be blocked off

London asking prices stall as national average jumps 2.1%

The days of jobs for the boys are not over - but they're getting shorter

images: © Roberto Trm, © Roberto Trm

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts