Soaring inflation risks creating UK property ‘insurance gap’ August 25, 2022 SOARING inflation in the construction sector threatens to create a major “insurance gap” amongst UK policyholders, London headquartered insurer Chaucer has warned. Sharp increases in the costs of building materials could leave homes and businesses underinsured, as policies fail to cover the cost of repairing and rebuilding damaged properties, research carried out by the Lloyd’s of [...]
Housing crisis: Two-thirds of £4.2bn government homes fund remains untouched January 3, 2024 More than two-thirds of a government fund aimed at creating thousands of new homes in the UK remains unspent, despite launching over six years ago.
Another snub for the capital’s bourse as London Tunnels heads for Euronext June 24, 2024 London Tunnels has announced plans to list on the Euronext in Amsterdam in the latest blow to the London Stock Exchange.
‘Fragile’ UK at risk from ‘another acceleration’ in business insolvencies, Allianz warns February 28, 2024 The insurer's global insolvency outlook estimated 15 per cent of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion of "fragile firms" in Europe.
Staff at UK aviation regulator vote to strike in feud over pay August 23, 2023 Workers at the Civil Aviation Authority (CAA) have voted overwhelmingly in favour of industrial action in a dispute over pay. Members of the Prospect union backed strikes by 2-1 and by almost 9-1 for other forms of industrial action. The union said the CAA had refused to provide a “fair” pay rise for this year. Prospect added [...]
PMI: House building shrinks for first time since beginning of pandemic July 6, 2022 A slowdown in the UK economy triggered by the cost of living crisis has led to house building stalling, a closely watched survey published today reveals. Activity in the UK house building sector dropped for the first time since May 2020, when the country was in the teeth of the most onerous pandemic restrictions, according [...]
Analysis: HS2, the eternal political hot potato February 7, 2023 The biggest transport project in Britain is facing threats over its future after even more delays and higher costs for the high speed rail. It was only weeks ago when Jeremy Hunt insisted the high speed rail line, HS2, would end at Euston and not in West London, where the rumour mill had suggested it [...]
Fall in new houses being built leads to losses widening at listed manufacturer May 15, 2024 A fall in the number of new houses being constructed across the UK contributed to losses widening at a London-listed manufacturer.
Starmer rejects ‘great rail betrayal’ tag – but refuses to commit to HS2 in full September 22, 2023 Sir Keir Starmer has insisted he is not guilty of the “great rail betrayal” that Labour has accused the Government of by not committing to building HS2 in full. Chancellor Jeremy Hunt has said the costs of the high-speed rail project to the North are “getting totally out of control” as Rishi Sunak refuses to [...]
Economy stagnant in April thanks to wet weather as recovery falters June 12, 2024 Getting the economy firing again is a crucial election pledge for both Keir Starmer and Rishi Sunak.