Peers call for action over intergenerational divide
Housing and employment instability must be tackled to bridge the generation gap, according to the Lords Intergenerational Select Committee.
The group’s report found that younger people are not seeing living standards improve at historical rates, while older generations are dealing with a society unequipped for their needs and numbers.
Poorer households are seeing their living costs rise faster than wealthier ones, according to the Office for National Statistics.
The Household Costs Indices report published figures relating to cost rises experienced across income groups, age groups and different housing tenures.
TCPA welcomes Labour’s commitment to scrapping permitted development
Labour’s proposals to prevent commercial property being converted to homes without planning permission have been backed by the Town and Council Planning Association.
The TCPA said current legislation enabled planning processes to be bypassed, resulting in poorer quality development.
The delayed Crossrail project is now scheduled for completion by the end of 2020 according to a new plan published by the company’s board on 25 April.
However, uncertainty over train and signalling systems means that the company can only identify a six-month window for opening the Elizabeth Line, meaning the project may not be finished until 2021.
The Government should set a net zero emissions target by 2050, according to groups including the NFU and CBI.
The comments came at a Committee on Climate Change event briefing, where it was also suggested that the UK should become the first major economy to set a target compatible with the Paris Agreement.
Government should support carbon capture technology
The Government must adopt carbon capture, usage and storage technology if any future net zero emissions target is to be credible, according to parliament’s Business, Energy and Industrial Strategy committee.
However, the group of MPs also says that the policy has lacked support in recent years.
Wind turbine replacements needed to meet carbon goals
Older wind farms should be replaced by new turbines, according to a prominent energy industry body.
The recommendation came in RenewableUK’s report Onshore Wind: The UK’s Next Generation, which warned that UK could soon face a low-carbon electricity generation gap.
Retail sales in the year to April showed an increase for the first time in five months, according to the CBI’s Distributive Trades Survey published on 25 April.
Of 110 firms surveyed, 49 per cent said their sales were above average for the time of year. Analysts said the late Easter was the likely cause.
Ongoing Brexit uncertainty and weak global growth means the Bank of England is unlikely to increase interest rates before August 2020, according to a leading think tank.
The National Institute of Economic and Social Research also decreased its 2019 UK growth forecast to 1.4 per cent.
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