Reeves to lay out 10-year infrastructure plan worth £725bn June 15, 2025 Chancellor Reeves is set to deliver a 10-year infrastructure strategy plan which will lay out efforts to boost growth and upgrade services across the UK. The new blueprint for UK infrastructure will come around a week after Reeves delivered the Spending Review, which marked out £190bn in extra government spending commitments for the years between [...]
Majority of Labour MPs oppose Reeves’ fiscal rules June 2, 2025 Two thirds of Labour MPs oppose Rachel Reeves’ fiscal rules, and twenty percent would prefer tax rises over spending cuts. Polling by Survation, shared with The Times, showed that 64 per cent of Labour MPs said Reeves’ rules inhibit ministers’ abilities to meet their objectives, including: raising living standards, improving public services, and combatting climate [...]
Blue collar brain drain to Saudi is harming major infrastructure projects May 20, 2025 An exodus of talent from Britain’s infrastructure sector to the Middle East is harming the delivery of major projects in the UK, according to the head of a key labour supplier. “Certain skills are missing in every level really when you look at it,” the boss of London-listed Hercules, which specialises in supplying labour to [...]
Spring Statement 2025: Housing reform to pave way for GDP growth March 26, 2025 The government’s changes to housebuilding will result in a £6.8bn boost to GDP by 2029, according to OBR figures included in the Spring Statement. Chancellor Rachel Reeves called the forecast the “biggest ever” positive growth impact that the OBR has projected from a non-fiscal government policy. Changes to the UK’s housebuilding market were a cornerstone [...]
Will the government’s £2bn affordable housing top-up make a difference? March 25, 2025 The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
Could bats put East West Rail off track? March 18, 2025 East West Rail could provide a direct connection between Oxford and Cambridge for the first time, but opposition to the project is growing.
Infrastructure boom lifts Balfour Beatty, Kier Group and Costain March 14, 2025 London-listed construction firms Balfour Beatty, Kier Group, and Costain, have all reported robust results this week as the UK’s increasing prioritisation of major infrastructure projects starts to life the sector. Their combined order books now exceed more than £30bn and shareholders stand to benefit. All three of the companies hiked their dividends and shareholder returns alongside their [...]
Government offered lifeline on declining infrastructure investment February 26, 2025 A new industry group is offering ideas to the government on how to fix miserable infrastructure investment and increase the number of planners. The Purposeful Finance Commission (PFC) has laid out a plan to privately source and administer a £22.5m fund that would aid the Government’s target of hiring 300 additional planners. Rachel Reeves referenced [...]
BBGI Global Infrastructure offered £1bn takeover deal February 6, 2025 BBGI Global Infrastructure has been offered a £1bn takeover from a Canadian pension giant, with the FTSE 250 trust’s board backing the deal. In a stock exchange notice, BBGI said $250bn asset manager British Columbia Investment Management had offered 147.5p a share for the entire trust, 21 per cent above the trust’s share price yesterday. [...]
Fine words from Reeves – now let’s get Britain building January 29, 2025 Rachel Reeves is right to make reforming our sclerotic planning system the centrepiece of her economic strategy. But if she’s going to succeed she must consign the bat tunnels and fish discos that too often block development to the dustbin of history, says Sam Richards In 2014 winter sports fans were getting ready for the [...]