Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

In the papers today - Friday 22nd August 2008

Persimmon called for the government to intervene in the mortgage market yesterdaywhen announcing a slump in pre-tax profits of nearly two-thirds in the first half of the year, reflecting the sharp downturn in the housing market and the 'most challenging' trading conditions in the housebuilder's recent history. . . .

Chief executive Mike Farley said he was preparing for a difficult 12 to 18 moths as the banking crisis squeezed the life out of the mortgage market and frustrated homebuyers - The Guardian

London's Tower bridge, which was built in 1894, undergoes a three-year £4m repainting from Monday. The new red, white and blue paintwork, paid for by the City of London, is expected to last 25 years - The Guardian

The Australian construction company charged with building the Olympic Village for London 2012 has announced a 47 per cent fall in annual profits just days after walking away from a major project to redevelop the centre of Stockport. Lend Lease, the preferred developer for the east London site blamed property devaluation across Britain and write-downs at its UK housing arm, Crosby Homes, for the fall - The Independent

Office car parks should be opened after hours to allow children to play in them, the Government's health advisory body has recommended. The National Institute for Health and Clinical Excellence (Nice) has drawn up draft guidelines on ways to increase physical activity among youngsters - The Daily Telegraph

Families will be forced to choose between "heating or eating" this winter, it was claimed last night, after two leading suppliers increased energy prices. More than 14 million households will be forced to pay £260 a year more on their bills as aresult of the rises. Some families will pay almost £1300 a year for gas and electricity - The Daily Telegraph

Nick Clegg, the leader of the Liberal Democrats, has said a mission "on the scale of the Apollo moon landings" is needed to end Britain's dependence on foreign energy supplies. Under a Lib Dem plan to increase production of wave, wind and solar power, Britain could become a net exporter of renewable energy by 2050, Mr Clegg said - The Daily Telegraph

Bank holiday rail passengers will be forced to stand on scores of trains because of a shortage of seats this weekend, despite paying for the most expensive tickets. Engineering works have reduced the number of trains and carriages in some parts of the country - The Daily Telegraph

The green belt is "not sacred" and should be built on to provide more affordable housing, a think tank has said. Policy Exchange said even the term itself is misleading and the Government should tackle the "myth" that land is a scarce resource in England - The Daily Telegraph

The number of eastern and central Europeans registering to work in the UK has fallen to the lowest level since their countries joined the European Union four years ago, according to Home Office figures published on Thursday. The fall in the value of the pound and improved job prospects in their home countries appears to be reducing the appeal of the UK to migrant workers from the so-called A8 accession countries – the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia - The Financial Times

Persimmon, the UK's biggest house builder, bravely predicted yesterday that the market would not get any worse, in stark contrast to the gloom being reported by its rivals. The builder surprised analysts by saying that after a collapse in sales in April, volumes had stabilised - The Times

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.