Search Results for: budget

UK building sector contracts again but there may be light at end of tunnel

Canary Wharf buildingsThe UK’s construction sector has continued its recent pattern of contraction according to the latest survey of the Purchasing Managers’ Index (PMI) from Markit/CIPS UK. The last month’s index, published earlier today, showed at 46.8, where a figure below 50 indicates a decline in activity, marking the most significant monthly downturn since October 2009. The fall is the fourth consecutive monthly fall although there was a contrast between the commercial sector which endured the biggest drop and residential building which rose slightly.

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Plenty of innovation in Stockholm. Just ignore the price of beer.

Nendo Stockholm

They say first impressions count so after landing in Stockholm it was a shame that mine veered towards a personal negative rather than a positive when I discovered that my hotel room interior was purer in design than a polar bear’s coat. To a problem solving mind like mine, this didn’t add up. Surely the cold climate would venture towards a more luxurious, cosy and comforting aesthetic. My second impression inevitably arrived courtesy of a local bar. I could have sworn I’d ordered a 40cl beer rather than the bottle of Bolly the bill suggested. So with those problems dismissed from my mind, it was heartening that the rest of the trip to the Stockholm Furniture and Light Fair was roundly positive.

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£4 billion UK Government spend to be managed by Research Councils

cheque_bookAround £4 billion of the UK Government’s spending on construction and facilities management projects is to be handled by The Research Council’s UK Shared Services Centre (RCUK SSC). The move has been agreed with the Government Procurement Service (GPS) as part of the coalition’s attempts to achieve cost savings in every part of the public sector. GPS projects that the move will save around 10 per cent of the budgeted spend by consolidating procurement procedures, although shared procurement services have sometimes failed to deliver anticipated saving in the past. More →

Cabinet for Core Cities looks to reshape the English economy

A newly formed Cabinet of Core Cities met for the first time in Liverpool on Friday, seeking to reshape England and call on the Government to work with it to maximise the economic potential of the regions by creating a more balanced economic structure for the country and develop policies that would create jobs and investment. The cities represent the urban centres of Manchester, Nottingham, Newcastle, Birmingham, Leeds, Liverpool, Bristol and Sheffield.

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Gulf developments are talking the big numbers

Following the announcement at the end of last year from the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, that the emirate was to build what it called a new city within its borders, the Government of neighbouring Abu Dhabi has announced that it plans to spend around £56bn on capital projects over the next five years as it seeks to restructure its economy to reduce its reliance on the oil and gas industry. Abu Dhabi is the largest emirate state and its investment marks a significant shift in the economic focus of the region.  More →

Councils told to pool procurement resources

Manchester Town HallBritain’s local authorities have been told by the Government to find more ways to share back office functions and buy goods and services together to gain discounts and reduce costs. In a document, 50 ways to save: examples of sensible savings in local government, published by the Department for Communities and Local Government in December, councils were given a number of ideas about how they could reduce their annual spend. The report can be seen here.
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