Search Results for: economy

Long term investment in infrastructure needed to boost UK economy

by • Knowledge, News, Property

ConstructionThe UK government should reverse the long term slump in infrastructure investment to boost the economy, according to a new report from the Centre for Economic and Business Research and the Civil Engineering Contractors Association. The report, Securing Our Economy: The Case For Infrastructure, calls for the government to address the decade long £13bn infrastructure construction shortfall and lays out a series of recommendations to reverse the situation. The report claims the UK endures a £78bn GDP ‘black hole’ each year due to the lack of investment and that by investing at the level of other developed economies, the economy could enjoy an additional £100 billion each year by 2026.

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Private sector recruitment to increase, despite fragile economy

by • Knowledge, News, Workplace

Private sector employment

Employers from the private sector intend to hire new staff in the coming months, despite UK businesses not anticipating economic growth in the next two quarters. According to the latest Business Trends report by accountants and business advisers BDO LLP UK businesses’ hiring intentions over the next two quarters, reached 96.0 in March, the highest since August 2011. Peter Hemington, Partner, BDO LLP, commented: “It is encouraging to see improvement in UK businesses’ hiring intentions, particularly in light of the imminent public sector payroll cuts which will add pressure to the unemployment rate.” (more…)

Consolidation of state properties boosts London economy by £3.5bn

by • Property, Public Sector

Whitehall,_LondonAccording to a new report from property consultancy Knight Frank into the impact of the Government’s policy of consolidating and improving the management of the public sector estate in London, the economy has been boosted by as much as £3.5 billion. The study has reviewed the results of the work carried out by the Cabinet Office’s Efficiency and Reform Group at 16 properties in central London including the Department for Business, Innovation and Skills, the Department for International Development, the Land Registry and the Crown Prosecution Service. Many of these sites were seen as dated and have now been redeveloped for use by other organisations. (more…)

Cabinet for Core Cities looks to reshape the English economy

by • News, Property, Public Sector

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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Time to admit we were wrong about Canary Wharf and other business districts

Time to admit we were wrong about Canary Wharf and other business districts

by • Features, Flexible working, Property

There was a time during and after the pandemic when it looked like time was up for the world’s major business districts. For a start Canary Wharf looked like it would need to completely reinvent itself as firms started to relocate to smaller more central premises. Instead of housing tenants such as HSBC it would focus on becoming a mixed-use space with more homes and leisure facilities. Hell, we even published a feature setting that all out ourselves. But it’s funny how things turn out. The latest news is JP Morgan’s announcement of a vast new headquarters building in the area. The bank, already one of the largest employers in the UK financial sector, has confirmed plans for a three million sq ft tower on the waterfront that will accommodate 12,000 staff and represent an investment estimated at £3 billion. (more…)

Tony Attard named as new chair for British Furniture Confederation

Tony Attard named as new chair for British Furniture Confederation

by • News, Workplace design

After ten years in the hot seat, Jonathan Hindle is stepping down as chairman of the British Furniture Confederation (BFC). The new chairman is Tony Attard, OBE, DL, founder and chairman of the Panaz Group. The BFC was set up in 2006 by the Worshipful Company of Furniture Makers Company (WCFM) to be the voice of the industry to government. Since its formation, its chairs have traditionally been Past Masters of the WCFM– Tony was Master in 2022-3 and President of the Furnishing Industry Benevolent Association (FTBA) prior to its merger with the FMC in 2012. (more…)

Employers increasingly see AI as a way of reducing headcount

Employers increasingly see AI as a way of reducing headcount

by • News, Technology, Workplace

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOne in six (17 percent) employers expect AI to shrink their workforce over the next year, with junior roles most at risk, according to the CIPD’s latest Labour Market Outlook which surveyed over 2,000 employers on their hiring, redundancy and pay plans.  Of those, almost two thirds (62 percent) believe that clerical, junior managerial, professional or administrative roles are most likely to be lost because of AI. The risk is highest in large private sector firms, where one in four (26 percent) expect headcount to fall, compared with 17 percent in the private sector overall and 20 percent in the public sector. (more…)

Government report warns of growing health-related economic inactivity

Government report warns of growing health-related economic inactivity

by • News, Wellbeing

The Government has published its final Keep Britain Working report, warning that the United Kingdom faces a continuing rise in economic inactivity linked to ill health, disability and long-term sicknessThe Government has published its final Keep Britain Working report, warning that the United Kingdom faces a continuing rise in economic inactivity linked to ill health, disability and long-term sickness. The report, issued by the Department for Work and Pensions and the Department for Business and Trade, sets out evidence that more people are leaving the workforce because of health conditions, reducing productivity and increasing costs for employers and the state. (more…)

There’s a simpler, more natural and diverse approach we can take to workplace design

There’s a simpler, more natural and diverse approach we can take to workplace design

by • Comment, Workplace design

A different approach to workplace design, one that values clarity, quiet and coherence, is being driven more by carbon reductions and overall user experienceOur buildings do more than house activity. They shape our states of mind. Yet many contemporary spaces, whether offices, schools or public buildings, are full of visual noise, synthetic finishes and unnecessary complexity. These elements are often justified in the name of expression or efficiency. But they can leave people disoriented, distracted or exhausted. A different approach to workplace design, one that values clarity, quiet and coherence, is being driven more by carbon reductions and overall user experience than by neurodiversity alone. Through seeking simpler, more durable ways to build: an architecture grounded in natural materials, minimal finishes and thoughtful restraint. (more…)

UK regions receive additional £20 million to support science and technology growth

UK regions receive additional £20 million to support science and technology growth

by • News, Property, Technology

Three UK regions will receive an additional £20 million each to support science and technology development as part of a government initiative to drive innovation outside London and the South EastThree UK regions will receive an additional £20 million each to support science and technology development as part of a government initiative to drive innovation outside London and the South East. The Greater Manchester, West Midlands and Glasgow City regions will see their total funding rise to £50 million each through the Local Innovation Partnerships Fund. The announcement coincides with the first Regional Investment Summit in Birmingham, where government ministers, local leaders and business representatives are discussing ways to strengthen regional economies through research, innovation and private investment. The funding is intended to help local partnerships expand projects in areas such as advanced manufacturing, clean energy and life sciences, translating research activity into commercial growth. (more…)

Most people now use unapproved AI tools despite security and privacy risks

Most people now use unapproved AI tools despite security and privacy risks

by • AI, News

A new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurityA new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurity. According to the research, 71 percent of UK workers have used or tried unapproved “Shadow AI” tools for work purposes, with more than half (51 percent) doing so on a weekly basis. These tools are often used for writing reports and presentations, drafting communications, and even handling finance-related tasks. (more…)

Circular design and human-centred innovation celebrated at BCO National Awards

Circular design and human-centred innovation celebrated at BCO National Awards

by • Environment, News, Property, Workplace design

An office built entirely on circular design principles, a 3,300 sq m living wall and the transformation of a Victorian infirmary into a modern workplace were among the projects recognised at the British Council for Offices (BCO) National Awards. Held on 7 October at the JW Marriott Grosvenor House in London, the event brought together more than 1,200 senior figures from across the office sector to celebrate excellence in workplace design, development and operation. (more…)

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