Rachel Reeves convened the inaugural meeting of the British Infrastructure Taskforce as part of a new approach that involves government working with business to design policy that will unlock private investment, including by building business confidence in UK infrastructure investments. The Taskforce will explore different options to support the Government’s infrastructure goals to drive growth...
Category: Infra
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‘Build baby build’: Break infrastructure ‘inertia’ to boost growth, report urges
Ministers have been urged to break Britain’s infrastructure “inertia” in a bid to turbocharge the planning system and ramp up growth, according to a think tank report. Ministers have been urged to break Britain’s infrastructure “inertia” in a bid to turbocharge the planning system and ramp up growth, according to a think tank report. Streamlining...
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Debt rule to change to fund major projects
At the moment, the amount of money the government can borrow for investment is restrained by the amount of debt it has. There is a self-imposed rule that debt – the total amount the government owes – must fall in five years’ time. Many rich countries have similar rules, to keep government finances under control...
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UK Fears Chinese Hackers Compromised Critical Infrastructure
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign powers. Senior ministers in the Labour government have been informed since taking power in July that hackers linked to Beijing have probably compromised...
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UK must build power infrastructure including pylons ‘at speed’, expert warns
The UK will need to build more pylons, including in areas where people do not want them, communities have been warned. Emma Pinchbeck, who has been appointed as the new chief executive of the independent advisory Climate Change Committee but was speaking in her current role as head of industry body Energy UK, said the...
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Bulk Infrastructure appoints Richard Brandon for top role
Bulk Infrastructure has appointed Richard Brandon as its Chief Development Officer, a move aimed at bolstering its capabilities in large-scale data centre development. Brandon brings over 24 years of experience in the data centre industry, having held senior roles with several high-profile companies. His previous positions include leading major data centre development programmes across the...
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Macquarie, DP World and MAG commit to investment in UK infrastructure
As the UK prime minister delivered his speech at the inaugural International Investment Summit, calling for a more streamlined regulatory environment and a reduction in bureaucratic hurdles, infrastructure investors like Macquarie, DP World and Manchester Airports Group (MAG) expressed their keen interest in investing heavily in the UK economy. However, a body representing more than...
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Ten-year infrastructure plan coming in spring | Construction News
The government will publish a 10-year infrastructure strategy next spring alongside its multi-year spending review, a senior minister has announced. Speaking at Skanska’s headquarters yesterday (October 10), chief secretary to the treasury Darren Jones said new long-term plans for infrastructure would be aligned with the government’s cross-departmental spending framework, offering stability for investors. Not only...
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UK must prepare for widespread road pricing, says infrastructure tsar
Britain must prepare for the widespread use of road pricing to make up a £35bn shortfall in tax revenues from the transition to electric vehicles, the country’s top infrastructure adviser has said. Sir John Armitt, the chair of the National Infrastructure Commission (NIC), said it was time for a “proper public debate” about the future...
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New body to “get a grip” on infrastructure delays
Chief Secretary Darren Jones sets out plan for Britain’s infrastructure to restore investor confidence. New body will help “get a grip” on the delays to infrastructure development. Government also sets out first national infrastructure strategy just days before global investors arrive in the UK for the International Investment Summit. The cycle of underinvestment and instability that has...
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Infrastructure body backs massive heat pump roll-out but spurns hydrogen
The UK government should rule out backing hydrogen as way to heat homes and instead focus on the speedy roll-out of heat pumps and networks, according to country’s top infrastructure advisor. The National Infrastructure Commission said electrification was the only viable option for decarbonising buildings at scale and meet the UK’s climate targets. Seven million...
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Network Rail reveals top suppliers spend
The rail infrastructure body raised spending among its leading suppliers by 7%, with major power supplier EDF continuing to rank as the biggest supplier followed by signalling and train control specialist Siemens Mobility in second place. Network Rail’s top suppliers by spend Rank Supplier 24/23 23/22 1 EDF Energy Customer £681m...