Business
Universal UK theme park could rival Disneyland Paris in size
Danny FullbrookBedfordshire, Hertfordshire and Buckinghamshire
Universal Destinations & Experiences/ComcastUniversal Studios’ UK theme park was given the green light this week, a decision creating buzz for families up and down the country who might one day want to go.
After months of discussions, Secretary of State for Housing, Communities and Local Government Steve Reed gave planning permission for the park to be constructed in Kempston Hardwick, close to Bedford.
This isn’t just another attraction – it’s an attempt by the US entertainment giant to build one of the biggest theme parks in the world.
Universal mentioned in planning documents that a country like the UK should have at least two global theme parks, and this project was described as a “generational opportunity”.
But can Universal pull off something of quite this scale, going up against the likes of Disneyland Paris? As BBC News heard from locals, it might be a tall order – and not everyone is happy.
Bloomberg via Getty ImagesLiving on the doorstep of a theme park
“They haven’t bought enough land; what they should be buying is 2,000 acres somewhere and put their theme park in the middle,” says Claudia Pixley, 46, who lives in a bungalow on the road where the theme park entrance will be built.
“But as it happens, some of these roads around here are tiny village roads.
“Anything goes wrong on the M1 or the A421, this whole area is at a standstill… and then you want to put Universal Studios in the middle of that.”
She describes the project as “absolute madness” and says representatives of Universal have approached her about buying her home, where she’s lived for the last decade, but she wants to stay put in her “little slice of Eden”.
Nicola Haseler/BBCShe may well be one of few people in the area unhappy about the new park. According to Universal, in the Bedford area 92% of those who responded to its survey of 6,000 people were supportive of the development.
But it raises an interesting point about what might and might not be achievable in the grand vision for Universal UK to rival some of the biggest and best current theme parks.
Slated to open by 2031, the park is expected to draw 8.5 million annual visitors and could feature the tallest rides seen in Europe. The total size of the resort would be 268 hectares (662 acres), with the theme park 96.7 hectares (238 acres).
By comparison, Disneyland Paris is by several estimates just under 52 hectares (130 acres), though some of Disney’s other parks worldwide are far larger.
NurPhoto via Getty ImagesUniversal said its UK visitor numbers were expected to rise to 12 million by 2051, which could make it the most-visited park in Europe by today’s standards. According to Forbes, Disneyland Paris held that title last year with 10.2 million visitors.
However, even at opening, 8.5 million is more than three times the attendance of the UK’s biggest parks today:
- Legoland Windsor Resort, Berkshire: 61 hectares (150 acres), 2.42 million annual visitors (2023)
- Alton Towers, Staffordshire: 222 hectares (550 acres), 2.35 million annual visitors (2023)
- Thorpe Park, Surrey: 200 hectares (490 acres), 1.62 million annual visitors (2023)
- Chessington World of Adventures Resort: 52 hectares (128 acres), 1.5 million annual visitors (2022)
Can Universal UK shake things up?
For content creator Theme Park Kate, who specialises in theme parks and attractions on TikTok, Universal’s future attraction could be “a huge game changer within Europe” and the ambition with its size and rides is realistic.
“It will potentially be a theme park that can compete with the popularity of Disneyland Paris, which has dominated the European theme park market for many years now,” she tells BBC News.
The theme park fan speculated that the park would benefit from using intellectual property (IP) that has not been used at other locations around the world.
Theme Park KateShe adds: “Harry Potter has been done now at various Universal parks, but a new IP like the rumoured James Bond or Lord of the Rings will be unique to the park and bring in a large amount of fans that will want to see these brand new experiences for themselves for the very first time.”
Last year, a source told the BBC that the new park could include James Bond, The Lord of the Rings, Paddington and Jurassic World-themed rides – although a Universal spokesperson said it was too early to confirm this.
Theme Park Kate is hopeful this could have a ripple effect of boosting the country’s existing parks and forcing them to “step up their game” to match Universal.
YouTuber Jack Silkstone, who visits theme parks around the world, agrees with the sentiment. He lives “next door” to Thorpe Park – and his message to any unhappy Bedford residents like Claudia is that living on the doorstep of a theme park is “honestly a dream”.
Jack Silkstone“Everyone has some form of connection to the park – whether they work there themselves, they know someone that works there, they love to visit, or they aspire to work at the park when they’re older,” he says.
“It creates a real sense of community that then spills out into the wider surrounding towns.”
Jack sees the projected scale of the Universal UK park as a huge oportunity for the UK’s economy, and seems confident that the company can pull off its aims for scale.
“We’re very lucky, we’ve got some amazing, classic theme parks already in this country. But Universal are global leaders in the theme park industry; they do it different.”
‘Winners and losers’
Universal said it expected to directly create 8,050 jobs when it opens, with many staff coming from the surrounding areas.
Wixams, a town which will border the new theme park, will also get an upgraded four-platform railway station as part of the proposals.
Despite the concern expressed by some like Claudia that the area may not be able to cope with an influx of visitors, Bedford borough councillor Marc Frost says councillors have been assured that traffic surveys are complete and road infrastructure will be in place.
Universal’s engagement with local officials suggested they “genuinely want to work and get on with their neighbours”, he adds.
Another consideration for those in the local area is property prices – and some could fare better than others here, too.
Nick Kier, a partner at Lane & Holmes estate agents, says he already knows of some people who have already bought property close to the Universal site, which they plan to rent out to visitors in the future.
He explains “there are definite winners and losers in this scenario” and “you cannot expect, with that amount of investment coming in… that the prices won’t go up”.
“The people who are living here for a completely other reason will find it more expensive… That’s the losing side.”
At the same time, he acknowledges that local hotels for miles would be likely to benefit.
What’s clear is that the Universal park could dwarf much of its competition if all goes to plan, and while the impacts can be a double-edged sword, many are keen to see what its opening brings.
Business
HDFC Bank Changes Lounge Access Norms For Debit Cards From January 10– Details Here
New Delhi: If you often use your HDFC Bank debit card for free airport lounge access, this update is important for you. The bank has changed how complimentary lounge entry works on its debit cards. Instead of simply swiping your card at the lounge, customers will now need a digital voucher to get access. Also, the minimum spending requirement has been increased, reported Moneycontrol. These new rules will come into effect from January 10, and will apply to eligible debit cardholders going forward.
How the New Lounge Voucher System Works
Once your eligibility is confirmed, HDFC Bank will send you an SMS or email with a link to claim your lounge access voucher. You’ll need to verify your request by entering an OTP sent to your registered mobile number. You will receive a voucher code or QR code after successful verification which must be shown at the airport lounge to get entry.
Minimum Spend Requirement Increased
Under the revised rules, HDFC Bank debit card users will now need to spend at least Rs 10,000 in a calendar quarter to be eligible for complimentary airport lounge access. Earlier, the minimum spend required was Rs 5,000.
However, this condition will not apply to HDFC Infiniti Debit Card holders. Customers using the Infiniti card will continue to enjoy free lounge access without any minimum spending requirement.
Eligible Transactions and Free Lounge Visits by Card Type
Only purchase transactions made using the debit card will be considered while calculating the quarterly spending requirement. Other types of transactions will not be counted, as noted by Moneycontrol.
Meanwhile, the number of complimentary lounge visits remains unchanged and continues to depend on the debit card variant:
Millennia Debit Card: 1 free visit per quarter
Platinum Debit Card: 2 free visits per quarter
Times Points Debit Card: 1 free visit per quarter
Business Debit Card: 2 free visits per quarter
GIGA Debit Card: 1 free visit per quarter
Infiniti Debit Card: 4 free visits per quarter
This means cardholders should check both their spending eligibility and card type to know how many lounge visits they can enjoy.
Which Transactions Count and Voucher Validity Explained
Only purchase transactions made using the debit card will be counted towards the quarterly spending requirement. As per Moneycontrol, the following transactions will not be included:
ATM cash withdrawals
UPI or wallet payments (GPay, PhonePe, Paytm, etc.)
Credit card bill payments made via debit card
Debit card EMI transactions
New debit cardholders will also need to meet the Rs 10,000 spending requirement to become eligible for complimentary lounge access.
Voucher Validity:
Once issued, the lounge access voucher will remain valid till the end of the next calendar quarter, after which it will expire if not used.
What This Means for Debit Card Users
With the updated lounge access rules, HDFC Bank is clearly encouraging higher card usage and digital verification. Customers who regularly use complimentary lounge benefits will now need to keep a close watch on their quarterly spending and complete the voucher process in advance. As per Moneycontrol, physical debit card swipes will no longer work from January 10, making it important for travellers to switch to the new digital voucher system.
Business
India-US trade: Exports rebound in November; supply-chain shifts and holiday restocking drive recovery, says GTRI – The Times of India
India’s exports to the US bounced back in November after two months of dip. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI). This recovery came despite the US imposing 50 per cent tariffs on Indian goods since August.
November India-US trade snapshot amid higher tariffs
- Exports to the US rose 22.61 per cent in November to $6.98 billion, reversing declines seen between May and September.
- Smartphones (largest export item): Exports fell from $2.29 billion in May to $884.6 million in September, before rising to $1.8 billion.
- Gems and jewellery: Slumped from $500.2 million in May to $202.8 million in September, then rebounded to $406.2 million.
- Machinery and mechanical appliances: Declined to $516.8 million in September, before nearly returning to peak levels at $614.6 million in November.
- Pharmaceuticals: Shipments rose to $669.2 million in November, but remained below May levels.
- Mineral fuels and oils (tariff-exempt): Fell from $291.5 million in May to $251.5 million in September, before climbing to $274.3 million.
GTRI said the rebound came after a sharp fall in exports earlier in the year, triggered by uncertainty surrounding impending tariff hikes. GTRI Founder Ajay Srivastava said US buyers initially delayed orders and ran down inventories. “Once the higher tariffs became certain, exporters and US buyers began adjusting, absorbing part of the cost, renegotiating prices, and shifting toward less-affected or hard-to-substitute products,” he said.However, the think tank also warned that this recovery might not last. They claimed that it was more about adjusting to tougher tariffs rather than a permanent improvement. The think tank also added that businesses were using short-term strategies to cope with the new trade environment.
Business
Charity welcomes living wage rise in January
A social action charity has welcomed the decision to increase the living wage in Jersey to £15.10 per hour in 2026.
The new rate was approved this week and will come into effect at the beginning of January.
The living wage is £1.51 higher than Jersey’s minimum wage which is set to increase to £13.59 per hour from April 2026.
Caritas Jersey CEO, Patrick Lynch, said the living wage was the minimum islanders needed “in order to thrive, and not just survive here in Jersey”.
Mr Lynch said: “This will be good news for many at accredited organisations and their subcontractors, ahead of the new year, when many people will have increased rental costs and also face increases in the cost of some utilities and other day to day expenses.
“The Jersey Living Wage has never been as important as it is now for so many people with poverty unfortunately still increasing and a continued rise in food bank usage in our island.
“Putting that in perspective, in February 2022 one food bank was seeing 195 families; that figure has now risen to over 640 families.
“The majority of the people who form this increase are people in work, on minimum or low wages.”
He added the differential between the minimum wage and the Jersey Living Wage “remained worryingly high” and something “Assembly members should ponder as they debate the budget this week and look ahead to next June’s general election”.
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