UK construction and property
- Output | The construction Purchasing Managers’ Index from S&P Global reported that optimism in the sector has reached a two-year high, despite subdued order books. The total activity index remained below the crucial 50.0 marker, at 48.8. Respondents to the survey hoped that looser financial conditions and improving economic prospects could encourage client activity.
- Flexible office space | IWG has announced plans to open 2000 new locations across the UK over the next five years. It expects that companies will reduce their head office space and individuals will look to work closer to home.
- Planning biodiversity | The British Property Federation (BPF) claims that planning departments are not ready for biodiversity net gain rules which come into force this week for major developments. In its election manifesto, the BPF argues that the planning system should be reformed, and higher fees should be paid by applicants to fund training and capacity in council planning departments.
- HS2 Euston tunnel | The Public Accounts Committee has told the government to urgently make a decision on the start date for the final tunnel drive to Euston Station. With much of the funding for the station and the tunnel drive to Old Oak Common now reliant upon private funding, it recommended that the government sets out plans for a range of private investment scenarios.
- RAAC survey | The Department for Education has now completed its survey of buildings affected by reinforced autoclaved aerated concrete and the number of schools affected has increased to 234. Of those, 119 are currently listed to have new buildings through the school rebuilding programme, and 110 will receive grants to renovate.