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...That move is part of a broader shake-up, with the company intending to move most staff into its £1bn office in King’s Cross which is under construction....
...Data from the Resolution Foundation think-tank showed a lack of new construction and the lagging modernisation of older homes has left the UK with the worst-value housing of any advanced economy....
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...Choudhary said the UK’s new-build housing and home improvement markets were “two pain points” for the company, but that price deflation would be a short-term issue....
...This will raise hopes of improvement in construction output and home-related spending, which affect the wider economy, as the squeeze from high interest rates and living costs eases....
...A bigger footprint in south-west England will be supported by the construction of a new 80,000 square foot distribution centre, which is set to complete this autumn....
...The move has resulted in a shortage of construction workers and is expected to slow development of new homes....
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...A trading frenzy pushed the electric vehicle company’s market capitalisation to a peak of $190bn after its August 15 listing in the US Nasdaq stock exchange through a special purpose acquisition company....
...The downturn in the housing market affects the wider economy via lower construction output, lower sales of housing-related goods and services and lower consumer confidence....
...Instead the project will be managed by a new Euston Development Zone, which is expected to include developers and other businesses and include the construction of thousands of new homes....
...But a high-speed line should also free up capacity elsewhere for more local services or freight, and act as a backbone to other improvements....
...Sir Nigel Wilson, chief executive of L&G, said that meeting the UK’s housing needs required “national and local collaboration coupled with modernisation of planning and construction, improvements to funding...
...The group has called for all energy efficiency improvements to be made tax deductible for landlords....
...I have charted the within-sector productivity improvements (measured as output per worker) below....
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...“Away from home, our fans are fantastic,” he said. “But at home they have a few drinks and probably the prawn sandwiches, and they don’t realise what’s going on out on the pitch.”...
...Rather than continuously generating new designs, Vitsœ is committed to a process of constant improvement to its existing products....
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