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...
Category: Infra
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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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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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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...
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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...
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Green Party’s Suffolk MP calls for pause on East Anglia pylons plan
9 July 2024 By Mariam Issimdar and PA Media, BBC News, East of England BBC Green Party co-leader and Waveney Valley MP Adrian Ramsay wants a reassessment of the plan for new pylons across the East of England A newly elected Green Party MP has called for a “pause” on a proposed 114-mile (184-km) electricity pylon route...
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UK weather warning: Met Office raises alarm over 70mm torrential downpour – infrastructure at risk
Britons should brace themselves for more dreary weather, as the Met Office has cautioned that up to 70mm of rain will fall across parts of the UK in a torrential downpour. The weather office has issued a yellow rain warning, beginning today at 6.00pm and lasting until 3.00am tomorrow. The alert, which warns of “persistent...
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CECA publish recommendations for new UK Government to deliver critical infrastructure
The Civil Engineering Contractors Association has published its recommendations to the incoming government to deliver the necessary infrastructure In their recent policy document, ‘Priorities for a new UK Government’s first 100 days in office,’ CECA emphasises the importance of a robust infrastructure agenda to enhance the nation’s economic and social outcomes. The briefing focuses on...
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Port infrastructure delays threaten UK’s transition to net zero, industry says
The UK’s transition to net zero is under threat as delays in approving new infrastructure put billions of pounds of investment in offshore wind schemes and other vital upgrades at risk, big ports have said. The British Ports Association (BPA) has written to the government and Labour calling for action to clear the backlog of...
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UK public has its say on infrastructure planning
Polling shows that 59% of British people want more public involvement in the planning process for major infrastructure projects. Carried out by YouGov for the Institute of Environmental Management & Assessment (IEMA), the survey showed that while almost three in five adults think there should be more public involvement in planning, that demand is higher in...
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UK haulage industry calls for investment in electric truck infrastructure
The road haulage industry is calling on the new government to urgently tackle investment in infrastructure for electric trucks, after pointing out there is just one public charging point for HGVs in the whole of the UK. Takeup of electric cars is soaring, with about 1.1m fully battery-powered cars on British roads and about 63,000...