Suppliers have said they are confident they can meet any extra demand for materials generated by the government’s ambition to increase housebuilding and infrastructure activity. Industry experts said there would not be an immediate increase in demand on supply chains but added that suppliers were ready to step up activity. But ministers were also cautioned...
Category: Infra
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Will Labour’s planning reforms work?
Labour have placed planning reforms at the heart of their mission to drive economic growth, pledging to get Britain building. Prime Minister Sir Keir Starmer has repeatedly promised his government will be “builders, not blockers”. The new Planning and Infrastructure Bill, announced on Wednesday, will “turbocharge building of houses and infrastructure”, the government said. But...
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King’s Speech unveils drive for housing and infrastructure | Construction News
The new government has revealed plans in the King’s Speech for a “mission-led” drive to create economic growth and jobs – creating clear opportunities for the construction industry. The ceremonial speech from King Charles, delivered this morning, set out the legislation aimed at meeting Number 10’s pledge to “build more housing and infrastructure”. In just...
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King’s Speech: Accelerating infrastructure & housing plans pivotal to address economic disparities. – University of Birmingham
“In his address, the King underscored the government’s commitment to revitalizing Britain’s infrastructure and housing sectors, emphasizing a proactive stance to ‘get Britain building.’ This pledge aligns with Labour’s electoral promise to facilitate the construction of 1.5 million new homes within the next five years, aimed at addressing the pressing housing shortage. Additionally, ministers intend...
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Infrastructure and planning to top King’s Speech | Construction News
Employment rights, planning laws and UK infrastructure are set for major overhaul, starting with new legislation to be announced in the King’s Speech. The new government will continue its frenetic pace of change with the traditional announcement of new laws for the parliamentary session, many of which are expected to have a huge impact on...
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McFadden: Planning reform could be controversial, but we must ‘get things built’
A top Labour figure acknowledged its planning reforms “may be controversial” but said that “we have to get things built”, ahead of the King’s Speech which is expected to include a commitment to address what the party sees as a major block to building houses and vital national infrastructure. The Bill is likely to involve...
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HSBC hires former UK politician to head new infrastructure unit
By Simon Jessop and Tommy Reggiori Wilkes LONDON (Reuters) -Britain’s HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world’s shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters. HSBC Infrastructure Finance (HIF) will...
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Key points in King’s Speech at a glance
Reuters King Charles has outlined the new Labour government’s law-making plans in a speech to Parliament. The speech outlined 39 bills that minsters want to pass in the next parliamentary session, after their party’s return to power. Some of these, or a version of them, were originally tabled by the previous government but were not...
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Raac crisis: The UK’s largest Reits and infrastructure trusts check their buildings
Many companies declined to comment Warnings that the issue could be widespread Retail Reit NewRiver (NRR) only company to confirm it had found Raac in its portfolio The UK’s largest real estate investment trusts (Reits) and infrastructure trusts are checking their multi-billion-pound portfolios for reinforced autoclaved aerated concrete (Raac) as concerns about the material mount. More...
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HICL vs IPP: Which infrastructure trust should you buy?
IPP and HICL Infrastructure have been hit by higher rates Their allocations are changing as public partnerships become less attractive International Public Partnerships continues to grow its dividend A popular asset class until last year, infrastructure has fallen out of favour quite spectacularly as interest rates rise and investors worry about the impact on net asset...
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Expert view:Focus on defence, railway, infra and fertiliser stocks ahead of Union Budget 2024, says Atul Parekh of Bigul | Stock Market News
Expert view: According to Bigul CEO Atul Parakh, the market will be especially watching for announcements about tax slabs and potential changes that could impact the equity markets, like changes to the Securities Transaction Tax (STT), changes to the F&O tax regime, or adjustments to the long-term or short-term capital gains taxes. It will be...
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Is a national wealth fund the answer to UK’s infrastructure problem?
The new UK government has launched a £7.3bn (€8.63bn) National Wealth Fund with which to “unlock private investment” in UK infrastructure, but industry sources have raised concerns that simultaneous plans to reform key advisory bodies could slow down progress when urgently needed. This week, chancellor Rachel Reeves announced that the existing UK Infrastructure Bank (UKIB) and the British...