November 20, 2025

Channel Tunnel owner cancels UK rail projects over rise in business rates

IntelME Verdict

Economic Impact

TL;DR

Eurotunnel, owned by Getlink SE, cancels UK rail projects due to a tripling of business rates, challenging the increase and its impact on investments and cross-Channel connectivity.

Analysis

The cancellation of UK rail projects by Eurotunnel due to a significant rise in business rates highlights the financial challenges faced by construction companies. This event underscores the importance of stable economic conditions and predictable costs for construction projects, impacting investment decisions and infrastructure development in the built environment sector.

Source

Financial Times↗