The Financial Times (subscription required) reports that the redesigned Hastings Pier was named the UK’s best new building on Tuesday, beating five other shortlisted projects.
The Times (subscription required) reports that the rivals for the prize were "Barrett’s Grove housing project in London by Amin Taha; a photographer’s studio for Juergen Teller in west London by 6a Architects; an extension to the British Museum world conservation and exhibitions centre in Bloomsbury by Rogers Stirk Harbour & Partners, and the Command of the Oceans museums complex by Baynes and Mitchell Architects at Chatham Historic Dockyard in Kent".
The Guardian reports that an "expert body" has said that "Britain’s north-south divide should be tackled by a government pledge in its new industrial strategy to provide every citizen with decent transport, schools, hospitals and digital access". The newspaper says that the "independent industrial strategy commission on Wednesday urged ministers to tackle Britain’s regional imbalances by committing to universal basic infrastructure – a guaranteed standard for the whole of the UK."
The Guardian reports that the UK’s property market "will take this week’s expected rise in interest rates in its stride, according to ratings agency Moody’s, but it warned that the outlook for the buy-to-let market has worsened significantly." The newspaper says that the agency, "which along with Standard & Poor’s was widely condemned for awarding triple-A ratings to sub-prime mortgage books before the 2008 financial crisis, said the British property market is more resilient than is widely believed".