Week commencing 20 May 2019

In today's bulletin

• Local authorities to receive £55m in Homes England funding
• Select committee makes recommendations for halting bus decline

• 2018 was the worst year for rail delays and cancellations
• More people have electricity, but climate change efforts need to improve

Property, Planning and Regeneration

Homes England funding to speed up housebuilding

A dozen councils will receive a share of a £55 million grant to fund increased housebuilding in their areas.
Homes England has agreed the funding through the Local Authority Accelerated Construction (LAAC) programme. The funding will be used to start the development of 4,000 homes across the country.

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Copeland is the most affordable area to buy a house

The most affordable place to buy a new home is Copeland, according to figures published by the Office for National Statistics (ONS) on Wednesday (22 May).
The figures show that the Cumbrian district’s affordability ratio is three times cheaper than the UK average, and 17 times more affordable than Kensington & Chelsea.

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RICS reports increase in number of young surveyors

More young people are becoming surveyors, according to the RICS.
A report by the industry body found a 30 per cent increase in under 30s qualifying in the last six years. The group also reported an increase in the number of female surveyors qualifying during the same period.

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More tenants but fewer properties fuels London rent rises

The imminent ban on tenant fees is not slowing South West London’s rising rental prices, according to a new report.
The Spring residential property report by Chestertons found that more people registered to rent in the first quarter of 2019, but the number of properties available for rent had dropped.

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Select committee makes recommendations for halting bus decline

A national bus strategy is needed before the end of 2020 to halt the decline in passengers, according to the Transport Select Committee.
A report by the group of MPs, published on Wednesday, also calls for more stable funding for local transport.

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Upgraded railway needed to support rail freight industry

Levelling the policy playing field with road and developing a coordinated timetable will help businesses make better use of rail freight, according to a new report published on 21 May.
The Rail Delivery Group’s findings are backed by its Freight Board, which also pointed to potential savings of carbon emissions.

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Rail delays and cancellations on the rise, according to new figures

Falling punctuality and increasing cancellations revealed in a report on Friday show that railway performance deteriorated in the past year.
The Office of Rail and Road’s report also stated that the timetable changes in May 2018 had caused significant disruption.

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Energy and environment

Time to step up climate change efforts

More work is needed to meet global climate change targets, according to a report funded by the World Bank.
A study by the Bank’s Energy Sector Management Assistance Program concluded that more needed to be done to produce clean energy for heating and transport.

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Other News

‘End Brexit deadlock to stop stockpiling’

The Brexit deadlock must be broken to prevent manufacturers stockpiling, according to the CBI.
The business group’s Industrial Trends survey found that stocks were up despite orders being at a three-year low.

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Expensive housing increases working-age poverty

New research by the Resolution Foundation shows that the number of working-age people living in relative poverty in the UK is at a record high.
The think tank’s report published on Wednesday suggests that increased housing costs for younger homebuyers have left Millennials worse off, while baby boomers continue to fare comparatively better.

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