Real estate and infrastructure stakeholders reacted positively to the UK budget, which outlined a range of measures designed to boost economic growth and attract investment. Key initiatives for investors include the pledge to introduce the reserved investor fund (RIF), a new tax-transparent onshore vehicle, and the establishment of the National Infrastructure and Service Transformation Authority...
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Labour should ‘invest big’ in arts and culture projects, says top economist
Now is the time to “invest, and invest big” in radical millennium-style arts and culture projects across the UK, an economist has urged ahead of the Labour government’s first budget on Wednesday. The chancellor, Rachel Reeves, needs to urgently fund projects that “make lives livable” to help rebuild deprived parts of the country, said Andy...
Budget 2024: London transport and infrastructure
The relationship between Mr Khan and the government has improved since the general election. At a recent visit to a train factory in Goole, East Yorkshire, the mayor said: “In three months we have seen them give the green light to 350 homes at Cockfosters, a green light to Oxford Street being regenerated and here...
Top UK Dividend Stocks To Consider In October 2024
As the UK market grapples with global economic challenges, notably the sluggish recovery in China impacting commodity prices and export figures, investors are increasingly looking towards stable income sources like dividend stocks. In such uncertain times, a good dividend stock is characterized by its ability to offer consistent payouts and financial resilience amidst fluctuating market...
Rachel Reeves: Chancellor changes debt rules to release billions
Earlier Reeves told the BBC it was important for the government to “get a grip on day-to-day spending” by making sure it was paid for through tax receipts and by reforming public services to make them more productive. The chancellor said she will commit to a tighter financial rule requiring all day-to-day spending to be...
Cellnex UK and Netmore join forces to enhance LoRaWAN coverage across 200 UK sites – Cellnex
London, 23 October 2024 – Cellnex UK, a leading telecoms infrastructure provider has today announced the new phase in its partnership with network operator, Netmore, to enhance the UK’s low power wide area network coverage (LoRaWAN). The collaboration will see the installation of LoRaWAN gateways on Cellnex UK’s existing streetwork sites. This forms part of...
UK construction activity September 2024: Infrastructure | Construction News
22 Oct 2024 By Contributor Detailed planning approvals declined compared to both the previous quarter and the previous year. On a positive note, project starts and main contract awards increased year-on-year. Infrastructure overview Totalling £8.019bn, civil engineering work starting on site during the three months to September decreased 29 per… > No online subscription: This...
Grid operator to outline new energy infrastructure sites in long-term plan
New energy infrastructure locations will be outlined in a strategic plan to help speed up “the transition to clean power” and provide long-term certainty to investors, the Government said. Energy ministers in the Scottish, Welsh and UK governments have asked the National Grid operator to produce the first-ever strategic spatial energy plan (SSEP) covering new...
Britain’s grid operator asked to provide energy infrastructure plan
(Reuters) – British energy ministers have asked the National Energy System Operator (NESO) to produce a blueprint for developing the country’s energy infrastructure to 2050 in order to provide investment stability and cost reductions, the government said. The first ever strategic spatial plan for energy will set out the locations for new energy infrastructure, which...
Water UK boss ‘has plan’ to end sewage spillages
Getty Images The boss of Water UK has apologised for the industry’s performance as the sector faces its biggest review since privatisation. Public anger at water companies has grown increasingly louder over rising bills, repeated sewage spills and a lack of investment. The government has launched a new Independent Water Commission chaired by former deputy...
Water sector commission to tackle ‘broken infrastructure’
Almost all options will be considered, including reforming or abolishing the current regulator, Ofwat. However, the government has ruled out nationalisation of the sector, as too costly and slow. Instead, the private sector will need to provide the investment needed to upgrade pipes, sewers and reservoirs. But in order to attract private capital into the...
Infrastructure taskforce holds first meeting | Construction News
The British Infrastructure Taskforce is about to start work with the chancellor of the exchequer. Chancellor Rachel Reeves (pictured) is meeting finance leaders today (18 October) to discuss how to enable funding and speed up delivery of major projects across the UK. It is the group’s first official meeting since the general election. The taskforce...