Economic confidence is lower in Britain than in any other leading country, according to a worldwide poll published yesterday….
…The research, which involved questioning 20,325 people in 25 countries including all the G8 economies, has underlined the extent of economic gloom, with only a handful of oil-rich countries still optimistic about the immediate future. The data, gathered by the WIN network of pollsters including ICM in Britain, is the second in a series tracking the impact of recession. Even consumers in previously fast-growing economies, such as China and India, are pessimistic and people around the world expect their incomes to fall over the next year - The Guardian
Water companies have requested to raise their water bills in their latest round of PR09 submissions to Ofwat. Difficulty in raising finances in the current economic crisis has resulted in major suppliers, including Thames Water, asking for higher bills and also cutting back on infrastructure investment - Daily Telegraph
The deputy mayor of London, Kit Malthouse, has followed the Prince of Wales in criticising a £1bn plan to redevelop Chelsea Barracks. He called the Lord Richard Rogers designed modernist apartments “monstrous” - Daily Telegraph
A 40t crane collapsed in Portchester Sailing club, Hants on Monday destroying a £20,000 yacht below. The crane driver was forced to jump 12ft as it came down in an accident thought to have been caused by a pipe breaking in the crane’s hydraulic system - Daily Telegraph
Taylor Wimpey, the UK’s biggest housebuilder reveals a £2bn loss for last year after the slump in the housing maker. The firm have secured its survival by agreeing to refinance its £1.5bn of debt - Daily Telegraph
British Land have offered tenants a “buy now, pay in 2013” deal on its Ropemaker office development in London. The level of this incentive is set to raise fears about the lengths landlords will have to go to secure tenants - DailyTelegraph
Government plans to make Britain a global leader in green energy are set to be rescued by the European taxpayer. The Times has learnt that the European Investment Bank (EIB) is in talks with developers about a financial rescue package for the £3bn London Array scheme, which is located in the Thames Estuary. Planned to be the world’s largest offshore wind farm, it is a project that has strong personal backing from the Prime Minister - The Times