Delivering Jobs and Growth

Press

Government to unveil £10bn boost for house building
Government to unveil £10bn boost for house building
Chancellor George Osborne will this week detail his plans to provide £10 billion to support the building of new homes. The support is expected to come in the form of loan guarantees for housing associations and developers, and is part of a wider £50 billion economic stimulus package first outlined in July. Osborne also revealed this weekend that...
City giant calls for £10bn house building programme
City giant calls for £10bn house building programme
City dealing giant Tullett Prebon has called on Government to initiate a £10bn social house building programme to kick start the economy. The dealing brokerage said very few options were left to stimulate growth and argued house building looked a viable way to drive growth. Head of global research at Tullett, Dr Tim Morgan, said the money could be...
Government troubleshooters to kickstart stalled housing scheme
Government troubleshooters to kickstart stalled housing scheme
The Government is planning to send 13 planning troubleshooters into local authorities to unlock stalled housing developments. Under the plan hatched by communities secretary Eric Pickles hundreds of Section 106 planning agreements could be set for renegotiation.The planning experts will negotiate with developers where large housing projects have stalled...
Former CBI chief calls for bold house building stimulus
Former CBI chief calls for bold house building stimulus
The former director-general of the Confederation of British Industry today called for the Government to deliver a bold scheme to stimulate house building. Sir Richard Lambert, former CBI chief, said there was a strong case for the government to 'change tack' as the economic climate worsened. Speaking on Radio 4's Today programme, he was...
Housing industry faces serious headwinds, both immediate and long-term
Housing industry faces serious headwinds, both immediate and long-term
Further measures are needed to stimulate the housing and deal with the structural problems caused by lack of finance. That is the conclusion of a new report from property consultant Jones Lang LaSalle into the future of UK housing. The report warns the housing industry is still facing serious headwinds, both immediate and long term with a lack of finance...
Housing Summit 2012
Housing Summit 2012
The housing event of the year for Private and Public Sector House Builders. Key note speaker, Shadow Housing Minister - Jack Dromney will set out the urgent need to build more homes and the benefits this will deliver in terms of jobs and growth. Adrian Coles, CEO of the Building Societies Association will discuss the mortgage market and we will also...
Private and public housing registrations tumble in June
Private and public housing registrations tumble in June
The housing industry was hit by the first fall in both private and public home registrations this year, according to latest NHBC returns. The collapse in public sector housing starts showed no signs of easing as the sector crashed 70% to 1,643 homes in June.And any recovery in private housing was also stopped in its tracks with a 26% fall to 6,685. The...
Federation of Master Builders - State of Trade Survey Q2 2012
Federation of Master Builders - State of Trade Survey Q2 2012
37% of Construction SMEs are Cutting Jobs, says Federation of Master Builders Employment prospects for small and medium-sized enterprises (SMEs) in the construction sector are continuing to deteriorate, according to the latest State of Trade Survey from the Federation of Master Builders (FMB), the UK's largest construction trade association. The...
Cable admits construction now weak link in economy
Cable admits construction now weak link in economy
Business secretary Vince Cable defended the Government's economic policies this morning but admitted construction was now the weak link in the economy. Speaking on Radio 4's Today programme this morning he insisted the Government was working hard with its “Plan A-plus” to boost the economy and stimulate growth.He said: “We realise...
Construction Industry Facing Two More Years of Decline, as Private Sector Recovery Peters Out
Construction Industry Facing Two More Years of Decline, as Private Sector Recovery Peters Out
Construction output is forecast to fall by almost 6% over the next two years, before a return to growth in 2014, according to the latest Construction Industry Forecasts published today by the Construction Products Association.  The majority of this decline is a result of the cuts to the capital budget and is being exacerbated by a lack of recovery from the...
Sharp fall in construction GDP drags down UK economy
Sharp fall in construction GDP drags down UK economy
Construction fell by 5.2% in the second quarter of the year, according to new provisional Government GDP figures. The sharp contraction in construction dragged the UK deeper into recession, prompting calls for an immediate shot in the arm for building. The dismal performance compounds a 4.9% construction drop in the first quarter of 2012. Overall, the UK...
Construction forecasters now gloomier about 2013
Construction forecasters now gloomier about 2013
Economists at the Construction Products Association are downgrading their previous forecasts blaming the failure of a private sector-led recovery. Around £10bn will be lost from construction output over the next two years as workload drops by nearly 6%, before a return to modest growth in 2014. The sharper than expected fall comes from a steeper...
Housing misses out in new £50bn UK Guarantee scheme
Housing misses out in new £50bn UK Guarantee scheme
The housing industry has reacted with disappointment to being omitted from the Treasury's latest £50bn project stimulus package. Chancellor George Osborne has launched a raft of fresh measures to get Britain building stalled major infrastructure projects. The central scheme is a UK guarantee designed to underwrite financing for £40bn...
Construction output continues to fall sharply
Construction output continues to fall sharply
Latest grim construction output figures from the Office of National Statistics have strengthened calls for a proper stimulus package for the industry. Output fell 6% in May compared to a year earlier while the outlook for the rest of 2012 appears bleak. More robust figures for the three-month period from March to May showed the drop was even sharper, down...
HCA confirms plan to speed up social homes delivery
HCA confirms plan to speed up social homes delivery
The Homes and Communities Agency has confirmed it plans to accelerate its affordable homes programme. The decision comes after a critical National Audit Office report last week warned that more than half of the Government's 80,000 affordable housing would be delivered in the last year of the programme. The spending watchdog warned this made it vulnerable...
Spending watchdog warns Affordable Housing Programme set to slip
Spending watchdog warns Affordable Housing Programme set to slip
The National Audit Office spending watchdog has raised serious concerns about the Government's ability to deliver 80,000 new affordable homes within three years. A probe into the Government's affordable house building plans raises serious doubts about whether all the homes can be delivered by the 2014/15. Auditors said they were concerned that more...
Social housing registrations still falling
Social housing registrations still falling
Social housing starts continue to plunge despite Government's efforts to boost the ailing sector. Latest figures from the National House Building Council show public sector housing registrations plunging 41% for the rolling quarter March to May compared to 2011. Just 7,000 new social homes were registered in the three-month period compared to...
House builders and local government agree terms on delivering housing development
House builders and local government agree terms on delivering housing development
The Local Housing Delivery Group has today published its dual review of Local Plan viability testing and local standards for new housing developments. The two reports are seen as a breakthrough in joint working and set out clear route maps to help local planners ensure local plans are viable and can be delivered by house builders.Sir John Harman, who chaired...
Get Britain Building fund underspend sees loans for smaller sites
Get Britain Building fund underspend sees loans for smaller sites
Housing minister Grant Shapps is opening Get Britain Building funding to smaller sites after the £570m funding pot was underspent. The loan fund was put in place at the end of last year to unlock stalled sites with planning permission in the hope of spurring more than 15,000 homes to be built. Shapps has revealed that more than £100m is still...
Cemex UK Diamond Jubilee vehicle livery
Cemex UK Diamond Jubilee vehicle livery
Cemex UK has celebrated the Diamond Jubilee with some rather special vehicle liveries - showing at the same time that they are “Helping to build a Greater Britain” - keep an eye out for them.