UK construction and property
- MEES | In a speech on the UK’s updated Net Zero pathway, the Prime Minister removed requirements for residential landlords to meet minimum energy efficiency standards (MEES), The speech made no mention of the specific requirements for commercial landlords.
- Payment disputes | The Construction Leadership Council warned this week that commercial behaviour is likely to tighten as a result of the availability and cost of finance. This would put pressure on lower tiers of the industry and SMEs, affecting cash flow. Research by Construction Enquirer has found that collaboration over differences in valuations has gone “back to the bad old days”.
- Building Safety | Almost 2,000 high-rise buildings are yet to register their details with the new Building Safety Regulator ahead of the 1st October deadline. Overall, 12,500 buildings need to be registered. Not registering buildings is a criminal offense.
- Insolvencies | The number of construction insolvencies fell from 386 in June to 275 in July.
- European first | The first battery electric loader to be supplied in Europe has been bought by Aggregate Industries. It delivers a 10–11-hour shift on a full charge.
- Infrastructure | Following last week’s confirmation of a £1.2bn deal to save Tata Steel’s Port Talbot plant and to facilitate its decarbonisation plan, the Welsh Secretary has said that without support the steel manufacturer would have left the UK.