‘Incredibly frustrating’: Delay to £9bn Lower Thames Crossing condemned October 8, 2024 The government’s decision to significantly delay a verdict on whether to continue with the UK’s biggest road project has been condemned by transport and business groups. The £9bn Lower Thames Crossing (LTC), a road tunnel linking Kent and Essex, was already facing backlash over mounting costs and a £300m planning application which totals a whopping [...]
Post-Brexit regulation caused ‘three lost years’ of infrastructure investing September 19, 2024 The outdated post-Brexit regulation around investment trust cost disclosure set the UK back by three years on infrastructure, asset manager Abrdn has revealed. Cost disclosure rules, which required investment trusts to ‘double dip’ their fee reporting, have finally been lifted by the government and the Financial Conduct Authority today, leaving the trust industry overjoyed. “What’s [...]
Reeves to scrap key infrastructure bodies as major projects suffer September 15, 2024 The National Infrastructure Commission (NIC) and the Infrastructure Projects Authority (IPA) will be merged into a single body.
Balfour Beatty awarded part of National Grid’s upgrade project September 13, 2024 International infrastructure group Balfour Beatty has been awarded a £363m contract as part of National Grid’s RIIO-2 framework. The contract is part of the Bamford to Twinstead Reinforcement project, which aims to reinforce East Anglia’s electricity network as part of the country’s green energy build-out. The company will replace the existing electricity network with a [...]
Former Labour health minister warns PFI feuds threaten to disrupt hospitals September 9, 2024 A new report warns of public-private disputes in recent years, which have emerged alongside growing pressure on public finances.
Next London runway won’t be at Heathrow or Gatwick, says Ryanair boss Michael O’Leary August 28, 2024 The viability of Heathrow and Gatwick Airport's multi-billion plans for extra runway capacity have been questioned.
Balfour Beatty bullish on UK infrastructure outlook as profit hits £98m August 14, 2024 Investors were concerened after Chancellor Rachel Reeves unveiled plans to axe a string of UK infrastructure projects last month.
A burden or a blessing? PFIs look set for a return under Labour August 13, 2024 Reports that Rachel Reeves is mooting the use of private finance to fund the £9bn Lower Thames Crossing has fuelled chatter that Private Finance Initiatives could be set for a return.
Infrastructure firm Hill and Smith shares fall as UK business weighs on bottom line August 8, 2024 In a statement, the firm flagged challenges in its UK business, which has grappled with reduced demand from public sector customers.
Chancellor’s move to cut infrastructure projects threatens growth, economists warn July 30, 2024 Rachel Reeves' decision to make immediate cuts to capital spending has shaken a number of top economists, who have said they are deeply concerned about the potential knock-on impacts on the UK's economic growth.