One million UK homes with planning permission still not built

More than one million homes with planning consent in the past decade are yet to be built, according to figures from the Local Government Association The number of planning permissions granted for new homes in the UK has almost doubled since 2012/13 with councils approving 9 in 10 applications. 2,564,600 units have been granted permission by councils since 2009/10 while only 1,530,680 have been completed. The housing backlog While in some cases there will be a time lag between planning permission being granted and homes being built, new build completions have only increased by half as much in that time. Optimistically, the total of completions last year were the highest in any single year in

UK construction earnings on EU investments dwindle post-Brexit

The UK construction sector has seen earnings on its investments in the EU plummet since the Brexit vote with profits dropping 95%, analysis of the latest ONS data has revealed UK construction companies’ earnings on its EU investment positions went from £24m in 2015 to a measly £4m in 2018 – down 83%. The drop is even larger when compared with the sector’s £77m earnings in 2016. Construction firms had £638m invested in the EU in 2015, the year before the Brexit referendum, while this was reduced to £552m three years on, according to analysis of the latest statistics by R&D tax relief specialist Catax. Over the same period, EU inward investment remained broadly level, going from £4.4bn in 2015

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