Balfour boss in Brexit blast at Chancellor

Grant Prior 6 years ago
Share

Balfour Beatty chief executive Leo Quinn is reported to have taken part in a conference call with ministers last night after the Government’s Brexit deal defeat,

Sky News said Quinn and bosses from Tesco and Amazon voiced their concerns to a trio of ministers including Chancellor Philip Hammond.

Quin is reported to have asked: “I would like to know when we might get back to a normal functioning government.

“Decisions are being delayed on HS2, new nuclear, Heathrow expansion.

“The enemy of business is delay and procrastination, and the construction industry will face large-scale restructuring where it cannot carry the resources it will need over the next 25 years, and capability will have to be let go.

“Once resources are lost to industry it is very difficult to get them to come back; the next six months are critical.”

Latest news

Graham wins £100m Cardiff Crossrail phase 1

Work on route to Cardiff Bay to start before end of next year
4 hours ago

Laing O’Rourke appoints new European MD

Peter Lyons to take-up new role in February
23 hours ago

Profits dip at Stepnell ahead of demerger

Turnover and secured workloads up ahead of restructure
21 hours ago

HS2 green bridge deck takes shape

100m-wide wildlife bridge to carry hedgerows and country lane over HS2
3 hours ago

1,000-home Wolverhampton city centre scheme in for planning

ECF and council advance City Centre West build to rent scheme
22 hours ago

Sisk clinches £54m North London council HQ revamp

Haringey's iconic Grade II listed civic centre to be brought back into use
23 hours ago

Ofgem approves £2.5bn Eastern Green Link 1

Work to start next Spring on cable project from Scotland to the north of England
1 day ago

Anglian Water hunts for £1bn delivery partner

Programme delivery partner wil integrate with client team over 15-year plan
1 day ago

Hadden collapse costs supply chain £6.7m

"Highly unlikely" subcontractors will receive anything for their unpaid invoices
1 day ago

Management buyout at M&E specialist

£25m turnover Kimpton in second MBO in its 60-year history
1 day ago

BAM finalises £71m deal to replace first major RAAC school

Work to start on new St Leonards Catholic School in Durham
1 day ago

Scaffolder hit by two tonne weight at nuclear plant

Court hands out £633,000 in fines after Dungeness B decommissioning incident
1 day ago

Go-ahead for 860,000 sq ft East London medical campus

Whitechapel Road scheme of six new and repurposed buildings
1 day ago

Site labour rates hit record high as cost inflation returns

Industry's biggest payroll firm says rates rose nearly 5% last month in London
4 days ago

Morris & Spottiswood acquires part of ISG fit-out division

ISG Cathedral acquisition saves 111 jobs and expands presence across England
5 days ago

New work drives Q3 construction output uplift

Third quarter activity up 0.8% despite slowdown in September
4 days ago

Octavius cuts concrete formwork strike time by 5 days

Temperature probes reduce times for safely striking formwork
4 days ago

Plan for 200-home student-led London scheme

Developer Regal is behind new Camden Town scheme
4 days ago

Green light for new £45m tax office in Portsmouth

HMRC to occupy new office complex with construction starting next year
4 days ago

Extra tunnels included in £6bn East West Rail scheme

Government unveils plans for two new tunnels in Cambridgeshire
5 days ago

Infrastructure to get £80bn boost from public sector pensions

New "megafunds" will invest in UK construction projects
5 days ago

Bidders wanted for £800m building safety framework

Fusion21 launches renewal of deal across 12 lots
6 days ago

Winchmore wins £6.5m brickwork package on Stratford flats

Latest award from Graham on £69m development
5 days ago

Motts/Jacobs JV to design £2.5bn West Yorkshire Mass Transit

First construction could begin in 2028
6 days ago

Muse signs landmark deal to redevelop Solihull shopping centre

Mell Square scheme includes 1,600 homes at 6.4ha town centre site
6 days ago

Reds10 raids house builders for two director hires

David Newey and James Bateman join as regional ops directors
7 days ago

Builder killed as telehandler overturns

House builder goes into liquidation before court hearing and £160,000 fine
7 days ago

Balfour Beatty regional MD steps down

Lindsay McGibbon is understood to be exiting for a job in the United States
6 days ago

Firms put on alert for £1.5bn decarbonisation framework

Fusion21 aims to invite bids in January for housing and public buildings retrofit framework
7 days ago

Morgan Sindall aboard for £22m London station roof renewal

Passengers will continue to use Liverpool Street Station while roof works take place above
6 days ago

Contractor services