In what may be considered as a rather obvious assessment of the week’s proceedings, undeniably the reaction of many in the media following the Government’s announced deal with EDF over a ‘strike price’ for Hinkley Point, has been somewhat unsurprising. As expected, many commentators have sought to address the question at the very forefront of everybody’s mind; was this a good, or a bad deal for the UK?
Madano’s building and construction monitoring featuring CPA growth forecasts, Hinkley nuclear plant, construction insolvencies and more
CPA forecasts growth of 19% across industry through to 2017
The construction industry is anticipated to grow by 19% through to 2017, with the industry’s growth driven by private housing and infrastructure, the Construction Products Association (CPA) has forecast. read more
Hinkley nuclear plant gets the go-ahead
The government has struck a long-awaited deal with French utility EDF for the £16bn nuclear power station at Hinkley Point in Somerset. read more
Fall in construction firms going bust in September
The number of construction firms in the UK going out of business fell for the eleventh month in a row in September. read more
Madano’s energy and environment monitoring, featuring the new Hinkley Point deal opening more investment in the UK nuclear industry, the Treasury’s support of green infrastructure projects through loan guarantees, and the CCC joining in on the energy bill row and more.
Hinkley Point deal ‘opens flood gates’ for more investment in UK nuclear industry
The Government has agreed a strike price for Hinkley Point with EDF, the UK’s first nuclear deal in a generation, and industry experts have said it will encourage others to invest in new nuclear in Britain. read more.
Treasury confirms green infrastructure projects in running for loan guarantees
The Treasury is preparing to make £33bn of loan guarantees available to major infrastructure projects, including a host of clean energy developments, after ministers confirmed 40 biomass, gas, wind and marine energy projects have pre-qualified for the government’s infrastructure guarantee scheme. read more.
Committee on Climate Change wades into energy bill row
The Committee on Climate Change (CCC) has joined the ongoing debate over the cause of recent hikes in energy prices, with the release of new estimates showing that energy bills will have to increase next year by just one per cent, or around £10 for an average bill, to cover the cost of low-carbon policies. read more.
Madano’s building and construction monitoring featuring construction confidence and output, nuclear energy and more
Confidence returns to UK construction industry
Almost three-quarters of UK construction leaders are positive about their medium-term outlook, according to a new KPMG survey, but about 80 per cent had an underperforming project “significantly” affect their business. read more
Small decline in construction output
A small fall in construction output in August has been called a “blip” in a quarter of growth in the industry. August’s construction output was 0.1 per cent down on July, according to figures released by the Office for National Statistics. read more
Go ahead given for China to take stake in British nuclear power
The Chancellor, George Osborne, has announced that the government is to give the go ahead to Chinese companies taking a stake – including potential future majority stakes – in the development of the next generation of British nuclear power. read more
Madano’s energy and environment monitoring, featuring Ed Davey’s warning that an energy bill price increase is unavoidable, Greenpeace launch legal bid against fracking in the UK and the concern about the decline in new CCS projects and more.
Ed Davey has said it is impossible to avoid energy bill increases
The Energy Secretary has said that energy prices will continue to rise for British consumers and the government can do little about it due to wholesale gas market and unavoidable network costs. read more
Greenpeace launches legal bid to restrict fracking in the UK
Greenpeace has launched a landmark legal challenge to halt fracking in England, claiming that drilling under people’s homes without permission constitutes trespass. read more
Number of new carbon capture and storage projects has fallen, prompting the industry to call for action to support the technology
The number of new carbon capture and storage (CCS) projects has dropped over the past year, prompting the industry to call for greater support for the new sector widely regarded as key to action on climate change. read more
Madano’s building and construction monitoring featuring cabinet and shadow cabinet re-shuffles, house sales and more
Labour makes changes to housing and transport team
Shadow housing minister Jack Dromey has been replaced by former the former shadow Europe minister in Labour’s frontbench reshuffle. read more
Kris Hopkins takes over as housing minister
Yorkshire MP Kris Hopkins has been confirmed as the new minister with responsibility for housing, following the government’s reshuffle. read more
House sales at a four-year high
The number of homes sold in the UK hit an almost four-year high last month as the housing market recovery continues to gather pace, according to the latest RICS market survey. read more
Madano’s energy and environment monitoring, featuring Lib Dem’s dismissal of Tory threats to cut renewable energy subsidies, the Environmental Audit Select Committee’s criticisms of government policy and the growing negative campaign against fossil fuels and more.
Lib Dems dismiss Tory threat to cut renewable energy subsidies
Senior Liberal Democrats have said that the Conservative’s threat to cut renewable energy subsidies is not legally possible due to existing contracts with energy companies. read more
Energy and environment policies criticised by the environmental select committee
The environmental audit select committee has warned that the carbon reduction targets for 2022 and beyond will be missed due to watered down government policy on energy and the environment. read more
Negative fossil fuel campaign growing, says study
A campaign to persuade investors to take their money out of the fossil fuel sector is growing faster than any previous divestment campaign and could cause significant damage to coal, oil and gas companies, according to a study from the University of Oxford. read more
Madano’s building and construction monitoring featuring the Chancellor and Prime Minister’s conference speeches, construction insolvencies and more
Chancellor commits keep capital expenditure in line with income
Chancellor George Osborne has pledged to increase capital spending in line with rises in national income if the Conservatives win the next election. read more
David Cameron defends HS2 scheme in Conservative conference speech
The Prime Minister David Cameron joined his cabinet colleagues in defending HS2 at the Conservative Party conference. read more
Fall in construction firm insolvencies
The number of construction firms becoming insolvent has fallen for the 10th month in a row, new figures from Experian have shown. read more