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World Economy Apr 01, 2026

Berkeley Halts Land Purchases and Implements Hiring Freeze as Iran War Triggers UK Housing Market Shock, Forecasts £1.4bn Profit by 2030

London‑focused housebuilder Berkeley announced a stop to new land acquisitions and a hiring freeze …
Berkeley, one of Britain’s largest housebuilders, said it will cease buying new land and impose a hiring freeze as it confronts the impact of the Iran war and broader geopolitical volatility on the UK property market.The FTSE 100 company warned that a reduced likelihood of further interest‑rate cuts and soaring regulatory costs could weigh heavily on its business, prompting cost‑cutting measures that also include using fewer subcontractors.In a significant outlook revision, Berkeley now expects to generate more than £1.4 billion in pre‑tax profit between 2027 and 2030, a stark increase from the roughly £450 million it had forecast for the current year and 2027.Market reaction was swift: the company’s shares plunged up to 18 % on Wednesday morning, later recovering to sit about 13 % lower, making Berkeley the worst performer on the FTSE 100 that day.Berkeley’s statement noted that early‑2026 sales showed modest recovery, but “recent geopolitical events and the macro‑economic consequences, including reduced potential for further rate cuts, could reduce confidence in a near‑term market recovery.”The firm cited “unprecedented” increases in costs and regulation, alongside weak buyer demand, as reasons for halting land purchases, arguing it can no longer achieve a sufficient rate of return on new sites due to a continuous rise in tax and regulatory burdens.These challenges arrive as the UK government pushes to meet ambitious new‑home building targets, while the sector grapples with higher taxation, new building‑safety rules, and longer planning timelines—Berkeley estimates approvals now take about 12 months longer than before.The ongoing war in Iran has amplified inflation fears, lifted mortgage rates above 5 % and heightened mortgage‑cost pressures for consumers, according to Moneyfacts data.Competitors such as Barratt, Redrow and Persimmon have also suffered, each losing more than 20 % of their market value, underscoring the broader stress across the housing‑construction industry.Berkeley, headquartered in Surrey, employs over 2,500 people and focuses on brownfield regeneration projects. It holds land sufficient for 50,000 homes with an additional pipeline for 10,000 homes in London and the south‑east, but will slow construction on existing sites to match market demand and regulator approvals.
#new #land #berkeley
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Environment Mar 31, 2026

David Attenborough’s ‘Secret Garden’ confronts cat predation and eco‑anxiety in a bold new UK nature series

The BBC’s new series ‘Secret Garden’, narrated by David Attenborough to mark the broadcaster’s cent…
David Attenborough’s voice returns to British screens in ‘Secret Garden’, a BBC One series launched to celebrate the network’s 100th birthday. Unlike his classic wildlife documentaries, the show turns the lens toward the UK’s own backyards, exploring how gardens can rival tropical rainforests in biodiversity.Series producer Bill Markham explains that the programme deliberately avoids the usual “lions and tigers” spectacle, aiming instead for a relatable, garden‑centred narrative. He notes that British gardens collectively cover more area than all national nature reserves combined, and that an average garden can host up to 2,600 different species.The series tackles the contentious issue of domestic cats. With 9.5 million pet cats in Britain, Attenborough reveals they may kill around 55 million birds each year. Simple measures—such as fitting cats with bells—can slash hunting success by one‑third, while raising bird feeders reduces fatalities further.Markham stresses that the current predator‑prey balance is “unfair on the prey”, noting that cats are “the biggest predator in our gardens” yet are constantly fed, leading to an unsustainable population. He cites ecologist Dr Davide Dominoni, who suggests that keeping cats indoors during the breeding months of April and May could dramatically lower bird deaths.Beyond cats, the series examines other garden‑linked wildlife challenges. Each year, over 30 million pheasants—an Asian species—are released into the countryside, where they prey on native insects, reptiles, and amphibians. Markham argues that despite the countryside lobby’s claim that pheasant shooting sustains rural jobs, the practice “mess‑es with the ecology”.‘Secret Garden’ also showcases rare footage, including a pine marten hunting sand martins, an otter preying on ducks, and intricate mayfly battles reminiscent of the famed “snakes vs. iguana” scene from Planet Earth II. These moments underline the hidden drama unfolding in everyday green spaces.Markham hopes the series will soothe the growing eco‑anxiety many feel about climate change. He points out that the UK boasts roughly 25 million gardens, with 80 % of the population having access. Simple actions—like planting a native tree to boost caterpillar supplies for birds—can make a measurable difference.While the show may provoke cat owners and countryside advocates, Markham believes the nation’s love for “animals, gardens and David Attenborough” will drive a collective re‑thinking of garden stewardship. As Attenborough reflects, his first encounter with nature likely occurred in his own garden, setting him on the path to becoming the world’s most renowned naturalist.‘Secret Garden’ airs from 5 April on BBC One and iPlayer.
#David Attenborough #BBC #Secret Garden
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