Reform and Tories aligned on Spending Review criticism June 11, 2025 Reform UK has described government spending plans as being “completely out of control” after Rachel Reeves unveiled a package of measures that would increase spending by nearly £200bn over the course of the parliament. Responding to the Chancellor’s Spending Review, Reform Deputy Richard Tice said: “inflation is up, unemployment is up, government borrowing is up, [...]
New Agreement Signed for Cycle Response Unit June 11, 2025 The City of London Police (COLP) and the St John Ambulance London Cycle Response Unit (SJA CRU) have strengthened their long-standing collaboration with a new partnership agreement, funded by the Eastern City Business Improvement District (Eastern City BID). This strategic alliance aims to enhance public safety and provide a visible, reassuring presence across the City [...]
TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension June 11, 2025 Transport for London (TfL) has welcomed a £2bn four-year funding settlement from the government as part of the long-awaited Spending Review. London’s transport operator had been pushing for a multi-year capital funding agreement similar to those at Network Rail and National Highways for years. The government said it is the largest settlement in over a [...]
Spending Review: Colossal £25bn for HS2 eclipses other transport pledges June 11, 2025 HS2’s colossal funding package eclipses all other railway investment pledges that Chancellor Rachel Reeves announced in her Spending Review. Reeves pledged £3.5bn investment into the Transpennine route upgrade and £2.5bn for East-West rail as part of the Spending Review. The Chancellor also set out plans to “take forward” the UK’s ambitions for Northern Powerhouse Rail, [...]
Reeves’ Spending Review: Spend now, tax later? June 11, 2025 Cash will be splashed across transport, energy, and healthcare under plans laid out by Chancellor Rachel Reeves in her Spending Review. Reeves described the plans, which will see an extra £190bn in government spending, as “a credible plan for the renewal of Britain.” But Shadow Chancellor Mel Stride warned the spending splurge would spark tax [...]
Will Reeves’ spending review make UK housing more affordable? June 11, 2025 Rachel Reeves has made housebuilding a central feature of the government’s spending policy. The planning system has been reformed, money has been funnelled into skills and developing brownfield housing, and new towns have been announced. But this afternoon’s spending review has firmly set out the government’s commitments for the sector, and affordable regional housing is [...]
Spending Review: Reeves promises UK will become defence ‘superpower’ June 11, 2025 Chancellor Rachel Reeves has pledged the UK will become a “defence industrial superpower” as she confirmed military spending would rise to 2.6 per cent of GDP (gross domestic product) by April 2027. Unveiling the government’s much-anticipated Spending Review, Reeves told the House of Commons: “A new era in the threats we face demands a new [...]
End in sight for US-China trade war with ‘framework’ announced in London June 11, 2025 The US and China have agreed on a “framework” by which to implement a trade truce after two days of “marathon negotiations” in London. Details from the framework agreed on Tuesday have yet to be released, but US Commerce Secretary Howard Lutnik said it put “meat on the bones” of the Geneva deal, which lowered [...]
Deutsche Bank HQ crowned as Square Mile’s building of the year June 11, 2025 Deutsche Bank’s “tour de force” headquarters at Moorgate has won the annual City of London Building of the Year Award, unanimously beating the competition. It’s the second time in a row Wilkinson Eyre has won the prestigious award, with judges lauding 21 Moorfield’s architectural and technical complexity. The award’s jury, made up of architects, experts [...]
Optimism on construction boom lifts housebuilder stocks June 11, 2025 Shares in the UK’s major housebuilders have all risen in the past five days as news of government investment buoys the chances of a construction market boom. Vistry and Crest, which have recently boosted their focus on affordable homes, were particular winners: Vistry has risen by more than 20 per cent since June 6, while [...]
