Infrastructure could be rare success story for Labour Opinion The decision to allow a second runway at Gatwick is entirely sensible and most welcome. As the Chancellor said yesterday on her visit to the airport, the development “will mean that people going on holiday will have a greater choice of destinations [and] it will mean lower costs for a family holiday.” More importantly, she [...]
House builder blames ‘broken planning system’ and interest rates for loss Property In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Berkeley, Persimmon and Barratt hit by house price slowdown Property Weak growth in UK house prices has hit the shares of the UK leading listed homebuilders, with pundits concerned that a demand for private housing will prevent the government from reaching its ambitious housing goals. Berkeley’s share price has dropped by more than eight per cent in the past month and Persimmon is down four [...]
Property and the Spring Statement: Is anything going to change? March 24, 2025 Labour faces some tough choices with its Spring Statement: after increasing business taxes and public spending last autumn, the government now has to grapple with unhappy companies and a maxed-out credit card. The last budget was a mixed bag for the property market: there was widespread concern amongst landlords that the government would hike up [...]
Berkeley warns planning reform won’t solve overregulation of housebuilding March 14, 2025 Housebuilder Berkeley has warned that continued incremental regulatory changes will continue to place significant pressure on the delivery of new homes, despite the recently-announced planning reforms. Regulation on the construction of homes has increased recently, particularly in light of the Grenfell tragedy. The Building Safety regulator, which sets out rules to protect the design and [...]
Five reasons the UK has a housing crisis March 12, 2025 Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.
Persimmon: Housebuilder posts uptick in profit amid housing market recovery March 11, 2025 Housebuilder Persimmon has reported an uptick in house completions and profit after two years of steep declines. The York-based company completed 10,664 homes in the year ended December 31, up seven per cent year on year. Revenue from new housing rose £2.86bn from £2.54bn while underlying profit before tax rose 10 per cent to £395.1m. [...]
What’s in the government’s new planning reform bill? March 10, 2025 The government has promised to unleash the biggest building boom in a generation through its wide-ranging planning reform bill, which will head into parliament today. Drafted in response to a crisis which has seen a massive shortage of affordable housing, as well as rising house prices and rents to due undersupply, the bill intends to [...]
Galliford Try shares jump as construction firm reports profit boost March 5, 2025 Shares in Galliford Try rose nearly eight per cent in early trades after the company reported a double-digit jump in revenue. Revenue increased 12.7 per cent to £923.2m in the six months to December 31, while profit before tax rose 22 per cent to £20.5m. The company also reported “increased confidence” and said revenue and [...]
Checkatrade CEO: ‘My plan to get Britain growing again’ February 20, 2025 The chief executive of Checkatrade has revealed what he would like the government to change in order to boost British businesses and get the country growing again. Speaking during an up-coming episode of City AM’s Boardroom Uncovered interview series, Jambu Palaniappan argued Labour should reform the rules around planning permission to made it easier for [...]