HS2 ‘will finish at Euston’ – but it’ll cost taxpayers another billion May 8, 2024 Taxpayer cash will be used to fund a 4.5 mile tunnel linking HS2 to its Euston terminus, breaking a prior government pledge to use private sector money.
Severfield launches buyback as booming steel demand in UK and Europe powers record backlog April 17, 2024 The acquisition of Voortman has helped the firm diversify from its home market in the UK, with 32 per cent of its order book now located in Europe.
Work on £1.75bn Midlands Rail Hub to begin after extra funds injected February 29, 2024 Design work on the £1.75bn Midlands Rail Hub project is set to start after the government provided an extra £123m.
Why does Britain suck at building major infrastructure? February 8, 2024 An overzealous planning system and disjointed supply chains are reasons why the UK lags behind on building major infrastructure, a report has found.
Exclusive: Government accused of using ‘fag packet’ in hotel room to draw up £36bn HS2 replacement plan January 11, 2024 The government is facing backlash after sources claimed its much-maligned HS2 Network North plans were rushed together by Number 10 spads.
Balfour Beatty ‘unaffected’ by HS2 setbacks in optimistic trading update December 7, 2023 Balfour Beatty is forecasting higher annual revenue, driven by strong HS2 volumes in the UK and increased major airport activity in Hong Kong.
HS2: Reports of whistleblower allegations ‘a disgrace,’ says interim boss November 16, 2023 Reports of whistleblower allegations of a multi-billion pound cover-up of HS2’s soaring costs are “a disgrace,” HS2 interim chief has said.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
The City sees the Tories as a ‘bigger risk to business’, says Reynolds October 8, 2023 The Conservative Party is seen by many people in the City “as the bigger risk to the business community”, Labour’s Jonathan Reynolds told City A.M.
Cancelling HS2 contracts to cost hundreds of millions of pounds October 5, 2023 Paying off contracts previously awarded for cancelled HS2 sections will cost hundreds of millions of pounds, Transport Secretary Mark Harper has indicated. He told BBC Breakfast that the cost of pulling out of the agreements will “broadly balance out” with money recovered from selling land and property acquired for the high-speed railway. HS2 Ltd figures [...]