Search Results for: government

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

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…)

Shift to a low carbon economy could create millions of jobs but risks widening global divides

Shift to a low carbon economy could create millions of jobs but risks widening global divides

The shift to a low carbon economy is expected to reshape labour markets across the world over the next five years, with almost 14.4 million jobs set to be affected by 2030The shift to a low carbon economy is expected to reshape labour markets across the world over the next five years, with almost 14.4 million jobs set to be affected by 2030, according to a new report from the World Economic Forum. The research suggests that while 2.4 million roles will be phased out, the emergence of new industries and technologies will generate around 12 million new positions, resulting in a net gain of 9.6 million jobs. Yet the report warns that the scale of disruption, combined with persistent economic and geopolitical pressures, could deepen existing inequalities both within and between countries. (more…)

Stress accounts for a quarter of UK short term workplace absence

Stress accounts for a quarter of UK short term workplace absence

Stress now accounts for more than a quarter of short term workplace absence in the UK, according to new research from Simplyhealth and the CIPD.Stress now accounts for more than a quarter of short term workplace absence in the UK, according to new research from Simplyhealth and the CIPD. The latest edition of the Health and Wellbeing at Work report, one of the most extensive surveys of its kind, shows that 26 percent of short term absences are attributed to stress. The authors also suggest that almost two thirds of HR professionals reported stress related absence in their organisation during the past year. (more…)

Landfill tax will do nothing for the circular economy, trade body claims

Landfill tax will do nothing for the circular economy, trade body claims

The landfill tax will make construction projects unviable. The National Federation of Builders (NFB) has released a short report titled ‘Going full circle: Making a circular economy work for builders’ which compares how other nations deal with waste in construction and makes eight recommendations for the UK Government to move toward and enable a circular economy. It makes eight recommendations in total, including the creation of digital records for buildings, the introduction of stronger incentives to reward recycling and reuse, an increase in landfill capacity, tougher action against waste crime offenders, and the retention of the existing disposal permit system. (more…)

Tony Attard named as new chair for British Furniture Confederation

Tony Attard named as new chair for British Furniture Confederation

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…)

Lords Committee calls for clearer policy to address the future of home working

Lords Committee calls for clearer policy to address the future of home working

home working is now firmly embedded in the UK’s labour market but requires more coherent policy, better evidence and improved supportA House of Lords committee has called for a more coherent national approach to remote and hybrid work, warning that unclear responsibilities, inconsistent data, gaps in employer guidance and uneven access to flexible work risk undermining the UK’s ability to adapt to long-term changes in working patterns. According to the report, Is Working From Home Working?, published today (13 November) the rapid rise in home-based working since the pandemic has outpaced the Government’s ability to coordinate policy or collect reliable data. Responsibility for remote work is “split across government departments”, the Committee notes, with implications for employment, transport, digital infrastructure and housing policy. (more…)

Employers increasingly see AI as a way of reducing headcount

Employers increasingly see AI as a way of reducing headcount

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…)

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

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

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…)

Britain’s AI ambitions face delays from planning and energy challenges, report warns

Britain’s AI ambitions face delays from planning and energy challenges, report warns

The UK risks losing momentum in the global race to build the infrastructure for AI because of planning and energy constraints, according to a new report from the Centre for British Progress think tank. The study, Unblocking AI Growth Zones, argues that outdated regulatory processes, environmental approvals and pressure on the electricity grid could slow or derail major data centre projects. The authors say that while private investment of more than £30 billion has been committed to new sites, barriers in the planning system may prevent projects from being delivered quickly enough to compete internationally. (more…)

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

Switzerland retains its long-standing position as the world’s most innovative economy, followed closely by the United States, Sweden, the United Kingdom, and SingaporeIn Orson Welles’ famous scene-stealing cameo in The Third Man, his character Harry Lime comes out with that (in)famous speech about Swiss culture. “In Italy for thirty years under the Borgias, they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance,” he says. “In Switzerland, they had brotherly love, they had five hundred years of democracy and peace, and what did that produce? The cuckoo clock.” This does the Swiss a disservice in a number of ways, not least that a major new report claims that Switzerland is maintaining a long tradition as the most innovative country in the world. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Global commission on healthy indoor air launches at United Nations

Global commission on healthy indoor air launches at United Nations

The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air qualityA new international initiative was launched in New York during Climate Week to address what experts describe as one of the most overlooked public health issues of our time. The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air quality, bringing together nearly 170 leaders from over 30 countries across health, academia, business and the built environment. The Commission was announced at a United Nations side event and is backed by the International WELL Building Institute. Its members include former United States Surgeon General Dr Richard Carmona, leading scientists and researchers, deans of major universities, as well as executives and sustainability leaders from real estate, technology, and manufacturing. Architecture, engineering and building science are also strongly represented, reflecting the cross-disciplinary nature of the challenge. (more…)