Construction news

• Corporation tax to rise. Kwarteng out. Hunt in. Truss remains

  14-10-2022 14:33 via constructionenquirer.com
  Planned cuts to corporation tax rises have now been dropped and the Chancellor sacked after “Trussenomics” was sunk by market turmoil.
  Prime minister Liz Truss performed a U-turn on the mini-budget today while sacking its co-author Kwasi Kwarteng.
  Corporation tax will now rise to 25% next April instead of staying at 19% as envisaged in the “Growth Plan” launched by Kwarteng and Truss last month.The unfunded tax cuts and pledges not to cut public spending sparked chaos in
  
  Read more

• Chancellor Kwasi Kwarteng sacked – replaced by Jeremy Hunt

  14-10-2022 14:33 via constructionenquirer.com
  Kwasi Kwarteng has been sacked as Chancellor of the Exchequer after 38 days in the job and been replaced by Jeremy Hunt.
  In a letter to prime minister Liz Truss Kwarteng said: “You have asked me to stand aside as your Chancellor. I have accepted.
  “When you asked me to serve as your Chancellor, I did so in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth and change was rig
  
  Read more

• Plan in for £210m Huddersfield town centre regeneration

  14-10-2022 09:30 via constructionenquirer.com
  Kirklees Council has submitted plans to regenerate Huddersfield’s town centre Piazza area.
  The £200m Cultural Heart scheme is the centrepiece of the wider Huddersfield Blueprint – the council’s ambitious ten-year vision to create a thriving, modern-day town centre.
  The scheme would see the refurbishment of the historic Queensgate Market and Huddersfield Library buildings, with the aim to house a food hall and a dedicated museum space respectively.
  Queensgate Market buildi
  
  Read more

• Hyde brings London property maintenance in-house

  14-10-2022 09:11 via constructionenquirer.com
  Housing association Hyde has decided to bring all its London property maintenance in-house.
  Previously, outsourcing contractor Mears provided repairs and maintenance across 11,000 homes in the London boroughs of Greenwich, Lambeth, Southwark, Lewisham, Camden, Islington, Harrow and Brent.
  The newly-formed in-house contractor, Property Maintenance London, has taken on many of Mears’ staff to deliver works.Mears will continue to deliver repairs and maintenance services to Hyde’s homes
  
  Read more

• Advertisement

• Barhale gears up for growth as profits rise

  14-10-2022 08:40 via constructionenquirer.com
  Barhale is looking forward to a surge in work as the civil engineering and infrastructure specialist posted a solid set of result.
  In the year to 30 June 2022, Barhale Group posted a pre-tax profit of £3.2m, up from £1.3m last time as turnover remained stable at £109m.
  Chief executive Martin Brown is now expecting a surge in work in the last few years of the current AMP7 water deals while Barhale also looks to boost its turnover in the rail market.
  He said: “Over the last
  
  Read more

• 1,500-home London Cavalry Barracks scheme approved

  14-10-2022 08:34 via constructionenquirer.com
  Inland Homes has gained planning consent for a planned £600m scheme to redevelop the Ministry of Defence’s former Cavalry Barracks site in Hounslow, West London.
  The former 37-acre home of the Irish Guards will be redeveloped as a mixed-use development comprising 1,525 homes and approximately 2,700sqm of commercial space.
  Inland’sasset management division is acting on behalf of the third-party project investor. The deal will rank as the group’s fifth transaction with the
  
  Read more

• Story Contracting wins £15m Cumbria road upgrade

  14-10-2022 08:05 via constructionenquirer.com
  Cumbria County Council has appointed Story Contracting to deliver improvement works on the A595 at Grizebeck, north of Barrow.
  The council named the Carlisle civils contractor after the 1.4km Grizebeck improvement scheme gained planning consent allowing for the project to start next year.
  Story will now complete the detailed design stage of the two-stage design and build contract with WSP as the design partner.
  The new single carriageway road will run between Chapels and Grizebeck on the A595,&n
  
  Read more

Follow @new_constructio on Twitter!