India’s Tata Steel will not change its plans on proposed job cuts in Britain, while it also evaluates the need for more funding from the new UK government, CEO T. V. Narendran told Reuters in an interview on Thursday. Tata, Britain’s biggest steel producer, last month began the process of closing down one of its...
Category: Infra
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Rachel Reeves scrapping infrastructure projects is ‘extremely short-sighted’
Infrastructure assets offer a stable five to six percent return over their long lifetime, (Image: Getty) Rachel Reeves is expected to announce cuts and delays to major infrastructure projects as part of the Labour Government’s efforts to plug a £20billion black hole in Britain’s finances. Ministers have suggested their economic inheritance is worse than expected,...
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Which UK infrastructure projects is Rachel Reeves likely to axe?
Rachel Reeves will on Monday detail the results of an audit of the country’s finances, setting out plans to start filling a £20bn black hole she says her party has discovered since arriving in government. The chancellor will insist the true state of Labour’s economic inheritance was “covered up” by her predecessors, necessitating unexpectedly difficult...
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China’s Infra Expansion At Border Areas? Vibrant Village Programme Gets Largest Ever Fund Allocation – News18
Reported By: Ankur Sharma Last Updated: July 24, 2024, 11:36 IST With this project, the government will boost infrastructure in border areas which will be a great help in case of escalation by adversary. (Representational Photo/ News18) In the last budget, the Centre had not allocated any fund for the Vibrant Village programme but this...
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Union Budget 2024: At Rs 11.11 Lakh Crore, No Change from Interim Budget in Outlay for Infra – News18
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in the Lok Sabha on July 23, 2024. (PTI) Budget 2024: The allocation for three major ministries — Defence (Rs 6.21 lakh crore), Road Transport and Highway (Rs 2.78 lakh crore), and Railways (Rs 2.55 lakh crore) remains unchanged Similar to what was proposed in...
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Munters to acquire Geoclima and broadens its offering for data center cooling solutions | Digital Infra Network
VIRTUS Data Centres (VIRTUS) is a trusted global leader in the data centre industry and the UK’s leading data centre company, committed to delivering reliable, resilient and responsible digital infrastructure for our customers. As part of ST Telemedia Global Data Centres (STT GDC), VIRTUS Europe is the home of the cloud in London, and at...
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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 key announcements – from new football regulator to branded school uniform limits
The new government has set out its legislative agenda for the next year in the King’s Speech. The announcements focus on improving living standards by driving economic growth, the first of Sir Keir Starmer’s five “missions for national renewal”. Big ticket items include a plan to build more houses and infrastructure, nationalise the railways and...
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King’s Speech to unlock growth and “take the brakes off Britain”
King’s Speech set to unveil a raft of bills to unlock growth and improve living standards for working people Ambitious legislative agenda will drive forward delivery of the government’s first steps and missions to rebuild Britain New laws deliver manifesto commitments to provide better transport, more jobs and turbocharge building of houses and infrastructure Improving...
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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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How Great British Energy can deliver vital, less profitable clean energy infrastructure
Mathew Lawrence is the founder and director of Common Wealth The private sector wants to make money, but a public power company can invest more strategically The new UK government has set itself an immensely ambitious task: delivering a clean power system by 2030. Central to its plan for the rapid, comprehensive decarbonisation of electricity...