The demand in construction work increases freight operations…

The increasing demand for new housing and construction projects have had a positive impact on the rail freight operations.

According to an independent analysis, ten of the top eleven housing projects in the UK are in and around London.

Regeneration schemes all require large volumes of materials such as granite, limestone and cement to be transported to development sites all around the country.

The increasing amount of new construction projects in London, means that certain issues like traffic and emission legislations will always delay work. The use of rail freights is now many firms’ choice for bulk handling goods, as it is more economical and produces 76% less carbon dioxide.

Although the government plans to improve the economic development within other regions of the country, London remains at the forefront in creating the most demand. Post-pandemic construction work is on the rise and appears to be never-ending, as one big project like the King’s Cross remodelling comes to an end, another large project begins.

The UK economy gains £2.45 billion every year from the rail freight industry, as well as reduced congestion on roads, improving safety and bettering environmental issues.

As more housing and commercial plans are approved, the construction industry will continue to use the rail freights to carry out projects for the foreseeable future. 

To get further information about this news story, emailenquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.

UK economy bounces back with 7.5% growth from 2021…

The UK economy has announced its greatest year of growth since the Second World War. 

The market is larger than it was in February 2020 and has now been confirmed as the fastest growing economy within the major nations.

The Office for National Statistics (ONS) shares that the growth comes after a sharp fall of 9.4% for the UK compared to those same nations in 2020. 

The pandemic has had a backlash on the economy and the lift in restrictions served as only a temporary boost in the financial system. With the spread of the Omicron variant weighing in on the market in December 2021, the UK economy grew by only 1% in the final quarter of 2021.

As the economy sets to grow, the backlash from the economic recovery is likely to see a further increase in interest rates by the Bank of England in order to reduce the rise in inflation. The high cost of living and energy bills leading to falls in average living standards will also see a knock-on effect on the economy in 2022.

Suren Thiru, head of economics at the British Chamber of Commerce, said that “crippling” inflation, tax rises in April, and higher energy bills means “the UK economy is facing a materially weaker 2022”.

To get further information about this news story, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.

 

 

UK government announces plans to develop health and social care sectors…

New plans announced in February this year will aim to help improve the health and social care in order to create a more accessible and personalised care system.

The aim is to take the pressure off patients and help staff to better prioritise workload in a bid to improve overall efficiency.

The government has set out to change the care system in England for health and social care sectors through the Build Back Better: Our Plan for Health and Social Care, with measures to develop technology-led projects such as digital care records via the NHS app and NHS.uk.

Health and Social Care Secretary Sajid Javid said: “Better integration is vital to stop people falling into the gaps between health and social care. Ensuring our health and care systems work in unison will mean we can support hardworking staff, provide better care to patients and deliver value for the taxpayer.

By supporting financial incentives and merging budgets, the government will help the NHS long term and make better use of financial plans going forward ensuring funds are given to areas most needed.

Prime Minister Boris Johnson said:

“The pandemic highlighted what our fantastic NHS and local government can achieve when they work together – from delivering the phenomenal vaccine rollout to supporting those who were shielding.

We now want to build on these successes, joining up health and social care even more to deliver the best possible care – whether you want to see a GP quickly or live independently with dementia.

These plans will ensure no patient falls between the gap, and that everyone receives the right care in the right place at the right time.”

 

To get further information about this news story, emailenquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.

UK’s growing demand for housing requires 227,000 homes per year…

The demand for the private rental sector soars, forcing many to stay in their rented accommodations.

The private rental sector in the UK is struggling to keep up with the demand for rented accommodation, as figures continues to rise and many struggle to find affordable housing. With the issue expected to worsen in the coming months, the only solution is to increase the supply of housing projects.

The National Residential Landlords Association (NRLA) reported that if the present rates of growth continue, then the UK’s private rented sector supply of housing needs to grow by 227,000 homes per year.

The answer to solving the crisis is to see more plans for housing projects, converting commercial property into residential and by transforming and making better use of derelict or empty properties.

The government predicts growth of nearly 2 million new households over the next decade, which coincides with the data reported by (NRLA).

A government spokesperson from the Department for Levelling Up, Housing and Communities has said:

“We support the private rented sector and recognise the crucial role Build to Rent homes have in boosting housing supply and increasing quality and choice for renters across the country.

“This government is building more genuinely affordable homes to help people on to the housing ladder. Since 2010, we have delivered more than 574,000 affordable homes and we are investing £11.5 billion in affordable housing.”

To get further information about this news story, emailenquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.

UK house asking prices surge in February…

Property prices increased again this month, with sellers asking for up to an extra £8,000 on top of the asking price.

Restriction lifts post-pandemic saw a surge in demand for property in the UK, with buyer demand up 16%, when compared to figures from this time last year.

According to data released by the estate agency Savills, the average house price grew more compared to the average salary earned by a worker in the UK, approximating a massive £27,000 increase.

Alongside more expensive mortgage rates announced for the third time in a row by the Bank of England, households are under significant stress as they are faced with the greatest financial pressure in generations as the cost of living continues to rise.

Tim Bannister, of Rightmove, said: “A fear of missing out is really driving market behaviour at the moment, as movers look to do all they can to avoid the disappointment of being too slow to secure their ideal property. 

“The fast-moving market has really hit home for sellers too this month, with a number of those who are also buyers putting themselves in the best position to secure their dream home by getting their own home on the market first. 

“This in turn is driving a rise in new listings compared to last year, giving the existing pool of buyers some fresh choice.”

To get further information about this news story, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.