Old Street roundabout revamp to be finished in ‘early 2024’ as delays hold back project February 21, 2023 The transformation of Old Street Station is set to be further delayed as Transport for London (TfL) today pushed back the completion date for the project to “early 2024”. TfL said the project has been delayed by the pandemic, with the construction site shut for three months and operations subject to long periods of social [...]
Santander UK profit slides amid mortgage price war and rate cut expectations April 30, 2024 Santander UK has reported a 29 per cent slump in profit as the boost from higher interest rates fades and a fiercely competitive mortgage market forces it to offer better deals to customers.
Anglo American looking for investors to share development cost of Woodsmith polyhalite mine December 27, 2023 Anglo American is said to be shopping a 49 per cent stake in the mine for around $9bn
General election: Want to boost UK growth? Here’s what top economists would do May 23, 2024 Economists think that the next government should prioritise reforms to the planning regime in order to boost the UK's economic growth, according to a City A.M. poll.
Government to ‘encourage’ supermarkets to cap food prices May 28, 2023 Government plans to encourage supermarkets to impose price caps on food staples to help with the cost of living will have no “element of compulsion”, a Cabinet minister has said. Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products like [...]
Bank of England aggressive rate hikes send chill through UK construction economy February 6, 2023 The Bank of England’s ten successive interest rate rises have sent a chill through the UK’s construction economy, a closely watched survey out today shows. Potential home buyers are shunning purchases due to mortgage rates flying higher, prompting house builders to rein in spending. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) [...]
Not funding Sizewell C risks UK’s green ambitions, nuclear industry warns April 24, 2023 The nuclear industry has pushed the environmental benefits of Sizewell C amid reports the project is struggling to lure UK investors.
UK must solve labour issues and cut red tape to help ease food inflation, lobby group warns May 16, 2023 The UK government must address labour shortages and make sure regulations don’t weigh food producers down to help ease food price inflation, an industry lobby group has warned. Downing Street hosted a Farm to Fork event at No10 with retailers, traders and producers invited, as Rishi Sunak announced greater protections for farmers in future trade [...]
Co-op Live: How Manchester’s new icon turned into a national joke May 3, 2024 The Co-op Live has turned into a national Jon Robinson
Is HS2 a ‘rail to nowhere’? MPs quiz Harper on viability of delayed £1.2bn Euston project April 19, 2023 In a committee hearing this morning, transport secretary Mark Harper admitted that HS2’s Euston developments were “significantly” greater than the initial budget allocated. His comments followed confirmation that the £1.2bn tunnel from Old Oak Common would be paused until 2024. Harper faced an array of strong questions relating to Euston’s Old Oak Common section of [...]