Prime Freehold Investment for Sale on Prominent Corner Position Investment Highlights

Total Page:16

File Type:pdf, Size:1020Kb

Prime Freehold Investment for Sale on Prominent Corner Position Investment Highlights Prime Freehold Investment For Sale On Prominent Corner Position Investment Highlights • Prominently located, at the heart of • 80 Clerkenwell Road is held Freehold and Farringdon, on the corner of Clerkenwell has the benefit of a long lease over part Road and St John Street. of 82 Clerkenwell Road expiring 19th January 2999 at a peppercorn rent. • Excellent transport connectivity which will be further enhanced when the • Multi let to five tenants producing a Elizabeth Line (Crossrail) opens at the total passing rent of £914,524.50 /A end of 2018 at Farringdon Station (£73.83 /Ft²). approximately 320 metres to the south west of the property. • Provides a weighted average unexpired lease term of 8.37 years to lease expiries • A Ben Adams Architects designed (5.63 years to break). office and showroom redevelopment completed to an exceptional standard • Offers are invited in excess of in 2017, resulting in a “Very Good” £15,950,000 (£1,287.64 /Ft²), subject BREEAM assessment. to contract and exclusive of VAT. • 12,387 Ft² (1,150.7 M2) mixed • This reflects a net initial yield of 5.37% 01 use building comprising 4,057 Ft² (assuming acquisition costs of 6.73%). (376.9. M2) highly sought after showroom accommodation at ground and lower ground floors and 8,330 Ft² (773.9 M2) of new office accommodation arranged over the 1st to 5th floors. London No.1 Financial Centre ahead of New York and Hong Kong in the £13.8 Z/Yen Index 2017 BILLION INVESTED IN LONDON TECH COMPANIES % Over the past five years London has benefited from more tech investment 70 than Amsterdam, Berlin, Dublin and Paris combined Of the FTSE 100 are Six International airports provide (Tech City 2017 Report) based in London access to over 396 destinations 02 GDP London’s GDP per capita is the highest in Europe 10 MILLION London is the Fintech Capital of the world, Europe’s largest City with the being home to 17 of the top 50 Global population forecast to reach Fintech companies, the highest density 10 million by 2030 anywhere in the World CITY UNIVERSITY y Rd OF LONDON Dingle 80 Clerkenwell Road EC1 King Square Gardens r St One of Clerkenwell’s Leve E V A most sought after and Y R T G E S O Bartholomew B IVAL E C S t prominent addresses. S PER d S Square W r O wa R Se E L EXMOUTH d Spa Fields L 80 Clerkenwell Road is situated at Clerkenwell / Farringdon have R R MARKET n Park D t t o e S ell S the heart of Farringdon on a prominent become one of Central London’s core t Tre Mitch p 31 ear m P a S St C freehold corner site at the junction of office markets and its commanding status h n 25 t LN T to e r p n N J m Clerkenwell Road and St John Street. as the choice location for the Tech and o E O o 14 St t N E C 4 k r 20MINS R H ic a tw l G N s W Creative industries. This has attracted FA Ba S G S t R N 36 H R LI T 15 I I Clerkenwell Road is the district’s principal a multitude of businesses to the area. N W 1 T G O E D B C east to west thoroughfare, connecting Old Nearby office occupiers include: O 8 10MINS R O N 34 T G T S R S S Street in the east to Farringdon Station in N LD O D TO O S n T L S W 12 e U D T the west. Similarly St John Street forms a Fa e T S 3 rne rr r A 18 E r i G E N St ng l GR 35 t the main north south route in the area d l 5 S o e tic L n w l N l n Ba connecting Angel Islington in the north an e 13 e rk 22 10 le 03 to Smithfield in the south. 27 C 9 10MINS St ne 2 LL RD rtu 19 LERKENWE S Fo C B T r i J 5MINS T 17 t u to O r n ST JOHNS GATE Charterhouse 33 n H 32 m S S 1 Adidas 19 IDEO N 28 t T Precincts ann St i F l J l S 23 O 2 Agent Provocateur 20 Karmarama S T S t H A L N H F 3 AHMM 21 Knoll E F F A ’ A S A R T R T O L H R 20 4 Airbnb 22 Kohler T N N I O Charterhouse E N R H T 5 Alexander McQueen 23 Kurt Geiger N G S 30 Square N L I IA L D S N G U L H O T 6 Amazon 24 Lastminute.com 16 A AR N R 26 7 C D C BARBICAN CENTRE 7 Anomaly 25 McCann s R OWCROSS ST n E de D ar N G 24 A 8 BDP 26 Moo in’s ldw L Ba D 9 Bowers & Wilkins 27 Moon Pig E Thomas More T R G S e St SE S Residents Garden l G 10 Box.com 28 Publicis Groupe R evil U SMITHFIELD MARKET A Gr 21 O H A Y R E T 11 Capgemini 29 Samsung S RT A E I H N C S 12 Deloitte Digital 30 Save The Children N T R R E D 13 Duravit 31 Splash LD E E T FI d H l 14 G Adventures 32 Steelcase IT e F SM W fi A W Smith 15 GoCardless 33 Tesco Digital R HOLB 11 R OR I N C N 16 Grey 34 Unilever IRCUS S ST BARTS MUSEUM G no n w l D OFLONDON LONDON WALL 17 Grimshaw 35 Vitra H r i O ll e t N 18 Hansgrohe 36 Zaha Hadid t 6 e f S T w e 29 N 80 Clerkenwell Road A prominent office and showroom building in Barbican St Paul’s Smithfield Farringdon the heart of Farringdon Market 04 History Many of the warehouses and workshops of Clerkenwell’s industrial past remain, but are now home to a myriad of businesses including architectural practices, design showrooms, fashion houses, TV and film production companies, media agencies and hi-tech firms. 05 1888 1896 1930s 1949 2017 Original buildings No. 80 was converted Occupied partly Having been Redeveloped by Ben Following erected and first into a coffee tavern and as the Myddleton severely damaged Adams Architects. completion, the occupied by workmen’s temperance Hotel which closed during the Second building has been wholesale grocers hotel, Pearce’s Dining and mid-1930s and World War, No. 80 successfully let to Phillips & Co. Refreshment Rooms. partly as Butler and No. 82 were full occupation. & Crispe. successfully rebuilt. At No.82, Phillips & Co. were succeeded by Butler & Crispe, wholesale patent- medicine warehousemen who had not long been there when the premises was destroyed by fire in November 1896. Clerkenwell Home of London’s Creatives and its growing Tech Sector Clerkenwell is one of Central London’s In addition, new trend setting most exciting urban villages. It is the hub restaurants including Granger & Co, of London’s world renowned Tech Belt Modern Pantry, Albion, Sosharu and Luca and the favoured location for Europe’s have opened in Clerkenwell to satisfy Creatives. Enjoying a rich economic the diverse workforce and increase the history, Clerkenwell has blossomed over cosmopolitan feel to the area. the last decade to become a significant The area’s appeal will be further enhanced commercial centre attracting some of the when the Elizabeth Line opens in 2018 brightest and most innovative businesses at Farringdon Station. The new rail line is from the technology, creative, media and expected to be the catalyst for further fashion sectors. growth for this vibrant office market. Complementing the office market is the excellent retail, showroom and leisure 06 amenity, which has transformed in recent years. Clerkenwell Road and St John Street have become synonymous with interior and furniture showrooms, drawing customers from across the UK seeking cutting edge designs for both commercial and residential properties. CITY UNIVERSITY OF LONDON y Rd Dingle King Square Gardens r St Leve E V A Y Bartholomew R E L ST B VA Square E RCI t S PE rd S O wa R Se EXMOUTH Spa Fields MARKET Park A d G t g t ell S R O S itch d Tree M n N n S r o L a W Pe FA t N S p E t R E m E R R t L C a S I G L N h S on e G t G rt T p R n IN m t D o J o D L C r O N O t a W S N H k l O ic S Connected London R B N t tw D h S as t W S urg B b H S h T ort e N I T k E f o OLD STREET C 80 Clerkenwell Road benefits from r N B R d o e O e r r S t r S exceptional transport connections h y s T b S S t u t J G providing this location with unparalleled r S O g T h S O T H D links to the rest of Central London and n S L e N t O L e T D r S S commuter locations beyond.
Recommended publications
  • Business Outlook 2016
    02 | The Future of Business Revealed. UK OFFICES BIRMINGHAM BRISTOL CARDIFF EDINBURGH EXETER GLASGOW IPSWICH LONDON - HEAD OFFICE LEEDS MAIDSTONE MANCHESTER NEWCASTLE NOTTINGHAM READING WINCHESTER INTERNATIONAL OFFICES LONDON AIX EN PROVENCE BArcELONA BERLIN BORDEAUX DUBLIN FRANKFURT HELSINKI LYON MADRID MUNICH PARIS RENNES STOCKHOLM VIENNA WARSAW 04 | The Future of Business Revealed. “In its 80th anniversary year, the team at Christie & Co enjoyed a successful 2015 and continued to share the work, difficulties and triumphs, for, with and on behalf of our clients, adhering to our founders’ simple ethos of promoting our clients’ interests first and foremost.” David Rugg, Chairman Many of our predictions from last year’s Business Value uptick Outlook have come to pass. Relatively subdued volumes coming to the market in 2015 created a With the exception of the Care sector, values scarcity of assets that further fuelled price growth, have largely recovered to pre-recession levels. while continued low interest rates and an improved Encouragingly, merger and acquisition activity has lending environment created an appetite to acquire. been evenly spread across all our business sectors. This disparity between supply and demand looks set This is one key differentiator between 2015 and 2014, to continue in 2016. when the Hotel market was hectic but other sectors weren’t to the same extent. We expect the value of Low volumes businesses across the medium term to continue to rise and outstrip pre-recession levels, in line with any In the business retail market, Christie & Co experienced increase in their profitability. continued ‘business blocking’ during 2015. Interest receivable on deposits is at an all-time low and The changing buy-to-let environment many private business owners are simply staying put.
    [Show full text]
  • Manchester Crane Survey 2016 Construction Activity Boost
    Manchester Crane Survey 2016 Construction activity boost January 2016 Contents The report 1 Key findings 2 Manchester snapshot 5 Crane Survey results 7 Residential 8 Office 10 Hotel, Leisure and Retail 13 Education and Research Facilities 16 Conclusions 17 Development table 18 Contacts 23 The report What? A report that measures the volume of development taking place across central Manchester and its impact. Property types include residential, office, leisure, hotels, education and research facilities. Where? Central Manchester including parts of the Northern Fringe and Southern Arc. Who? Developers building new schemes or undertaking significant refurbishments of the following: Size minimum = office 10,000 sq. ft, retail 10,000 sq ft, residential 25 units, education, leisure and hotel schemes – significant scheme for inclusion. When? Our research for this Crane Survey was undertaken between 1 November 2015 to 8 January 2016. How? Our in-house real estate team in Manchester have monitored office construction across the city. Our field research is then verified with direct industry links and in-house property experts. Manchester Crane Survey 2016 1 Key findings 2 Key findings In the midst of a politically-contested nationwide housing shortage debate, a year on from Manchester’s Devolution Agreement in November 2014 and a growing emphasis from central government on the strength of the Northern Powerhouse, we take a look at how Manchester is continuing to shape possibilities for local government by leading by example. We’ve analysed the data to provide an in-depth analysis into the perceived signs of economic recovery in the City Region to see whether the level of growth has been sustained and if the Northern Powerhouse, coupled with the government’s acknowledgement of the demand for new housing, is driving delivery on the ground.
    [Show full text]
  • Place North West Question Time: Manchester's New
    PLACE NORTH WEST QUESTION TIME: MANCHESTER’S NEW AGENDA 30 OCTOBER 2019 | THE LOWRY HOTEL Welcome to the event opportunity of the year With a new decade approaching, Manchester faces a pivotal moment in its history as it moves from regional hub to international destination. Home to Amazon, record population growth, unprecedented expansion - how is the city adapting to this radical time of change and can it seize all the oppor- tunities that lie ahead and create a world class place that people love to live and work in? This special one-off event will draw on what has brought Manchester to the fore over recent years and shine a light on how our city can build on its successes and drive a new agenda for growth. In a first for the region, Manchester City Council chief executive Joanne Roney, leader Richard Leese, Mayor of Greater Manchester Andy Burnham, and chief executive of the Greater Manchester Combined Authority Eamonn Boylan will be brought together on the same stage. This is an open forum for Manchester’s most influential stakeholders to ask the burning questions of our city leaders and help build a roadmap for future growth. Event Timetable 6pm Champagne drinks reception 7pm Question Time style panel, chaired by Place North West editor, Jessica Middleton Pugh, with ongoing active audience Q+A 8.30pm Networking Drinks 9.30pm Close Speakers Joanne Roney, Richard Leese, Eamonn Boylan, Andy Burnham Format Select interviews with key city leaders followed by a Question Time-style discussion on key issues facing the city. Audience participation will be key on driving the evening’s agenda.
    [Show full text]
  • Stockport Market & Market Place
    STOCKPORT MARKET & MARKET PLACE Market Analysis & Strategy CBRE Report December 2016 CONTENTS 1. Introduction .............................................................................. 2 2. Executive Summary ................................................................... 3 3. National & Greater Manchester Trends in Market Provision ...... 7 4. How other local authorities and market providers have managed their assets? ............................................................ 18 5. Consideration of the benefits and disadvantages of a food based offer, similar to that operating in Altrincham ................ 22 6. What a successful General Goods market would comprise? .... 26 7. How & where such a market might be provided within the town centre............................................................................. 29 8. The impact on the town centre offer as a whole ...................... 38 APPENDICES A. Project Brief ............................................................................ 41 B. Decisions Required & Next Steps ............................................. 42 CBRE | STOCKPORT MARKET & MARKET PLACE Introduction CBRE have been instructed by Stockport Metropolitan Borough Council (SMBC) to provide an independent report on the existing market in Stockport, currently based in the Market Hall and Produce Hall. The aim of the report is to specifically address the issue of the relocation of the general goods market and impact this would have on the wider Town Centre. In October 2015, the general goods market
    [Show full text]
  • London Office Crane Survey Gearing up for the Next Phase of Construction
    London Office Crane Survey Gearing up for the next phase of construction GO Summer 2014 London Office Crane Survey Gearing up for the next phase of construction Report overview Key findings WHAT? Submarket snapshots A report that measures the volume and impact of office development taking place across central London over the next five years Crane Survey results Market context Outlook WHERE? Central London, covering seven key office submarkets: City, Docklands, King’s Cross, Midtown, Paddington, Southbank and West End Development table WHO? Developers that are building new offices or undertaking significant refurbishments of 10,000 sq ft or more WHEN? This survey covers the six months to 31st March 2014. All data is correct as at 31st March 2014 HOW? A team of researchers have walked every street in central London to monitor office construction. Our field research is then verified with direct industry links and in-house property experts London Office Crane Survey Gearing up for the next phase of construction Key findings Key findings Submarket snapshots Crane Survey results Market context Outlook Development table London Office Crane Survey Gearing up for the next phase of construction Key findings CRANE SURVEY RESULTS Key findings Office construction is down This survey Submarket snapshots 5% over the past six months has recorded to 9.2 million sq ft 15 new starts; Crane Survey results lowest number 45% of the space since 2010 under construction is already let Market context The West End and 2014 will see a Outlook There was just Midtown are the
    [Show full text]
  • London Offices Crane Survey Sentiment Remains Positive
    London Offices Crane Survey Sentiment remains positive Winter 2012 To start a new section, hold down the apple+shift keys and click to release this object and type the section title in the box below. Market overview This latest Crane Survey records a pause in the large increases in construction activity we have been reporting over the last eighteen months. However, whilst lower than the last survey, the volume of new starts over the last six months suggests that developers and investors still have confidence in the returns available in the London office market. 2012 Winter – Office space under construction Total U/C (sq ft) Let U/C (sq ft) Available U/C (sq ft) City 4,081,000 1,020,000 3,061,000 Docklands 540,000 250,000 290,000 King’s Cross 474,000 272,000 202,000 Midtown 607,000 45,000 562,000 Paddington 31,000 31,000 0 Southbank 994,000 106,000 888,000 West End 2,308,000 476,000 1,832,000 Total 9,035,000 2,200,000 6,835,000 Office space under construction Million sq ft 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 City Docklands King’s Cross Midtown Paddington Southbank West End 12 months ago (Winter 2011) 6 months ago (Summer 2012) Today (Winter 2012) 2 To start a new section, hold down the apple+shift keys and click to release this object and type the section title in the box below. With the volume of new starts matching the completion Helping sustain confidence in the development market levels recorded since the last survey the total amount of is the continued flow of encouraging news detailing space under construction has remained relatively flat; leasing activity at the schemes under construction.
    [Show full text]
  • UK Hotels: Slowdown Not Meltdown
    Hospitality and Leisure Hospitality Directions Europe UK hotels: slowdown not meltdown PricewaterhouseCoopers’ latest forecast for the UK hotel sector for 2008 to 2009 calls for a slowdown in demand and decelerating room rate growth but concludes that there is still plenty to play for on the UK hotel scene February 2008 Issue 17 UK hotels: slowdown not meltdown Key findings Change is coming Likely fallout for the hotel sector UK economic growth in 2008 looks increasingly • Main scenario uncertain and some sort of a slowdown now appears inevitable. Commenting on the global financial crisis, UK revenue per available room (RevPAR) has seen George Soros has said that now we are at least dealing growth each year since 2002. Our latest forecast for the with known unknowns, but warns that after the financial UK is for continued RevPAR growth of 4.1 per cent this crisis is resolved the fallout will take time to impact the year and 3.6 per cent in 2009. For London, the power ‘real’ economy.1 house driving UK growth, we expect an end to double digit RevPAR growth; although we could still see 6.0 What will be the scale of the fallout for the hotel sector? per cent RevPAR growth this year and a further 4.4 per Clearly an economic slowdown will translate into cent gain in 2009, this will be a sharp fall compared to weaker demand growth in the second half of 2008. the growth realised in 2007. If this forecast is achieved, The fallout, including a lack of confidence, will impact RevPAR could pass £100 for the first time in the capital corporate travel budgets and overstretched consumers and top £50 in the Provinces in 2008.
    [Show full text]
  • Lendlease Moves Into Salford Quays
    Lendlease moves into Salford Quays Manchester, UK, 22 February 2016: New UK Regions North Office for global construction and development firm Lendlease’s construction business is delighted to announce it has moved into a new office in Salford Quays, Greater Manchester. The move, into the iconic Quay West building, underlines Lendlease’s ongoing commitment to supporting key clients and delivering construction projects and consulting services in the North. Lendlease’s new UK Regions North Office will house approximately 50 Lendlease staff, the majority of which will be working on construction projects and consulting services for external clients. The Quay West building overlooks Salford Quays, which includes MediaCityUK – a major Lendlease project and Europe’s largest purpose-built development for the media sector – together with the adjacent Lowry Theatre, also a Lendlease project. Simon Gorski, Executive General Manager (EGM) of UK Regions for Lendlease, said: “Lendlease has a strong heritage in the North and we are proud of the longstanding relationships we have with clients and supply chain partners in the region. We are looking forward to continuing our support for clients undertaking construction projects in cities like Manchester, Liverpool and Leeds. “We’re deeply embedded in the North but of course, as a global company, we can draw on expertise and resources from around the world for our clients. We’re really pleased to be moving into our new office, which offers an excellent view of the tremendous work our teams have done in Salford Quays in the last ten years or so.” Major projects which Lendlease has delivered in the North include the Trafford Centre in Manchester and Kings Waterfront and Liverpool John Lennon Airport in Liverpool.
    [Show full text]
  • Chief Operating Officer Manchester International Festival
    Candidate Brief for the position of Chief Operating Officer Manchester International Festival September 2017 Candidate Brief - September 2017 Berwick Partners Experts Recruiting Experts Chief Operating Officer Manchester International Festival Company Overview Manchester International Festival Manchester International Festival (MIF) is the world’s first festival of original, new work and special events. The Festival was first launched in 2007 and is now staged every two years in Manchester. MIF has commissioned, produced and presented world premieres by artists as diverse as Björk, Steve McQueen, Robert Wilson, Wayne McGregor, Maxine Peake, The xx, Marina Abramović, New Order, Thomas Ostermeier and Jermeny Deller, among many others. The 2017 festival ran from the end of June to July and the estimated economic benefit to Greater Manchester has yet to be released but was put at £38.8million after the last festival in 2015. MIF brings together artists from different art forms and backgrounds to create dynamic, innovative and forward-thinking new work, which are staged in a rich tapestry of venues across Greater Manchester – from theatres, galleries and concert halls to railway depots, churches and car parks. The organisation works closely with venues, festivals and other cultural organisations around the world, whose financial and creative input helps to make many of the projects possible and guarantees that they have a life after each Festival has ended. The shows have travelled to more than 20 countries around the world. MIF also works in a range of innovative ways with local communities and artists, including initiatives such as Festival in My House, and the Jerwood Creative Fellowships.
    [Show full text]
  • Property Investor Profiles
    AIR Property Investor Profiles Air Capital Asset Management (UK) Ltd Alanis Capital 78-79 New Bond Street, London W1S 1RZ 60 Fitzwilliam Square, Dublin, Ireland 2 Tel: 020 7268 2600 Fax: 020 7268 2601 Tel: 00 353 1 676 1033 Fax: 00 353 1 676 1129 Email: [email protected] Email: [email protected] Contacts Web: www.alaniscapital.com Andrew Rosenfeld (Managing Director) Contacts Steven Lewis (Director) John McCormack (Chairman) Comment Brian McCormack (Director) Andrew Rosenfeld, the former chief executive of Minerva, entered Niall McCormack (Director) into a £1 billion property partnership with Goldman Sachs. Alan McCormack (Director) Rosenfeld has established a new firm called Air Capital and signed Marcus Ryan (Director) a joint venture with the US bank's Whitehall property fund. The Fergal O'Beirne (Chief Operating Officer) terms of the deal have yet to be announced, but it is thought the fund will focus on the purchase of investment property. Rosenfeld, Comment who now lives as a tax exile in Geneva, sold his stake in Minerva Alanis Capital is a leading Irish property investment and and now has a fortune of £100m at his disposal. (04/07) development firm operating in markets across Ireland, the United Kingdom, Europe, North and South America and the Caribbean. Fund The firm's extensive property portfolio is currently valued in excess Airport Industrial GP Ltd of €3 billion. Fund Manager: Scottish Widows Investment Partnership Edinburgh One, Morrison Street, Edinburgh EH3 8BE 08/07 - Anglo Irish Bank Private Banking and Alanis Capital purchased the freehold shopping centre investment of the Tel: 0131 655 8500 Fax: 0131 662 0293 Metquarter in Liverpool city centre for around £85m.
    [Show full text]
  • Planning and Highways Committee on 27 July 2017 Item 13. Trinity Islands
    Manchester City Council Item No. 13 Planning and Highways Committee 27 July 2017 Application Number Date of Appln Committee Date Ward 115107/FO/2017 6th Mar 2017 27th Jul 2017 City Centre Ward Proposal Construction of a mixed use development comprising two podiums of three storeys and five residential (Class C3) towers of 26, 26, 37, 41 and 67 storeys (including podium heights) connected by a new pedestrian bridge. Retail, commercial, leisure (gym and boat club) and community uses (community gallery and events space)(Use Classes A1, A2, A3, A4 or D2), workspace facilities (Class B1) and an educational facility (Class D1) within the lower floors and podium level together with new riverside walkway, public realm and landscaping (including podium level parks). Two levels of parking for 581 cars and 2,532 bicycles and 200 cycle spaces within the public realm areas. Location Land Bounded By The River Irwell To The North & West, Water Street To The East And The A6402 & A57 To The South, Manchester Applicant Allied London , Manchester Quays Ltd, C/o Agent Agent Mr John Cooper, Deloitte LLP, 2 Hardman Street, Spinningfields, Manchester, M3 3HF Site Description The application site is 1.79 hectares in size and is located at Water Street in the south- west of Manchester city centre. It is bisected by the Inner Ring Road which creates two distinct development plots which the applicants have called Sites C and D (see plan below). The application site is bounded by Water Street, Trinity Way, the A57 Regent Road, the River Irwell and the Castlefield Viaduct.
    [Show full text]
  • The Rt Hon Theresa May MP the Rt Hon Philip Hammond MP Melanie
    2016 / 2017 PROPERTY A YEAR IN PERSPECTIVE FOREWORDS Th e Rt Hon Th eresa May MP Th e Rt Hon Philip Hammond MP Melanie Leech GENERAL REPRESENTATIVES IDM Properties Properties of the World Th e Collection Harriss Properties Groveworld Mayfair Group Investment Styles&Wood Zestan X1 Developments AES Sustainability Consultants Nabarro Mcallister Optimis Consulting Edward Cooper Young FEATURES Review of the Year Review of Parliament ©2017 WESTMINSTER PUBLICATIONS www.theparliamentaryreview.co.uk Foreword Th e Rt Hon Th eresa May MP Prime Minister This year’s Parliamentary Review follows a significant deliver the next phase of high-speed rail, improve our year in British politics. It was a year in which our energy infrastructure and support the development of economy continued to grow, as the Government automated vehicles and satellite technology, building followed its balanced plan to keep the public finances a modern economy which creates the high-skill jobs of under control while investing to build a stronger the future. economy. It was a year in which we began to deliver At the same time, work needs to be done to build a on the result of the EU referendum by triggering Article fairer society – where people can go as far as their 50 and publishing the Repeal Bill, which will allow for a talents will take them and no one is held back because smooth and orderly transition as the UK leaves the EU, of their background. So we will continue to work to maximising certainty for individuals and businesses. ensure every child has the opportunity to attend a good And, of course, it was a year in which the General school.
    [Show full text]