Dear developers, no one actually wants all these retail units February 4, 2025 Big retail units may appeal to developers' fantasies about what towns could be. But they need to focus on actual demand, writes John Andrews.
Reeves pledges planning reform shake-up to boost growth January 26, 2025 Chancellor Rachel Reeves has pledged to cut red tape for building homes and infrastructure in a bid to speed up planning application approvals. Ahead of Reeves’ speech next week on economic growth, the government unveiled its new Planning and Infrastructure Bill, which will be introduced in the spring and help push its plan to build [...]
Taylor Wimpey: Housebuilder holds guidance but warns of cost pressures January 16, 2025 Taylor Wimpey has said it’s on track to meet its profit target for the year, but echoing a similar warning from rivals Persimmon and Vistry, said rising costs could be a headwind to growth in 2025. The FTSE 100 firm expects an operating profit of £416m for 2024, down from £470.2m the year prior, according [...]
Newts can’t be ‘more protected than people who need housing’, Rayner says December 8, 2024 Angela Rayner has said the UK should not be in a situation where “newts are more protected than people” who need housing, ahead of a government shake-up of planning. The deputy Prime Minister suggested protecting the country’s wildlife should not always be prioritised over building new homes, after Sir Keir Starmer last week reiterated his [...]
Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
Housing crisis ‘hampers growth’ but minister vows 1.5m target on track November 20, 2024 The UK’s housing crisis “hampers economic growth and productivity”, the housing minister has said, as he insisted the target of 1.5m new homes can be achieved. Labour pledged in its manifesto ahead of the election to deliver the 1.5m net additional dwellings over the course of the Parliament, ending in 2029. It came in response [...]
Will Labour’s planning bill actually get Britain building again? November 19, 2024 The UK's planning system is in need of a radical overhaul. Will Labour's Planning and Infrastructure bill deliver? Sam Richards takes a look.
Taylor Wimpey: Higher demand buoys sales as firm preps for planning reform November 7, 2024 After a tough start to the year, Taylor Wimpey has reported signs of improving customer demand as mortgage rates fall and affordability pressures ease. The housebuilder said it remained on track to deliver UK volumes in line with previous guidance of 9,500 to 10,000 homes and operating profit consistent with current market expectations. In the [...]
Autumn Budget 2024: Reeves commits £5bn for Government housebuilding programme October 30, 2024 Chancellor Rachel Reeves has committed in the Budget to more than £5bn of investment over 2025-2026 to deliver the Government’s ambitious plans on housing next year. In the Budget, Reeves announced a range of measures to support Labour’s target, including skills training, reforms to the planning system and additional assistance for affordable housing. She also [...]
Construction sector surges thanks to interest rate cuts and planning reform October 4, 2024 "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.