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Countryside is hit by 185,000 second homes

The social policy research organisation says these properties tend to be in rural areas with hugely below-average owner-occupier rates as local people are priced out of buying homes.

The wide-ranging research, which covers housing, employment, health, education and welfare, also reveals a “work rich” and “work poor” divide.

While unemployment in the key financial districts, such as the City, Bath, Bristol and Edinburgh is low, workers typically work longer hours. Conversely, those in high unemployment areas typically work shorter hours for poorer salaries.

The study also found that the South-east and more wealthy areas have a vastly higher proportion of well-qualified individuals working in low-status occupations, due to competition for jobs in Government, financial services and other industries, while poorer areas have a shortage of graduate workers.

University of Sheffield professor Danny Dorling, one of the leaders of the research, says: “There are aspects of British life that closely reflect the five giant evils of disease, ignorance, squalor, idleness and want that William Beveridge identified in his 1942 report leading to the creation of the welfare state. From that point of view, it is acutely disappointing to discover so many opportunities and resources still depend on where people live.”


‘ABI should lead protection drive’

Lifesearch has called on the Association of British Insurers to lead an industry ad campaign to raise consumer awareness of the protection gap and improve perception of the sector. Managing director Tom Baigrie says the industry has to tackle the lack of public demand for protection but says distributors do not have the financial resources […]

SVM aims at alpha demand

SVM plans to set up a UK alpha fund this month with a go-anywhere mandate in response to market enthusiasm for large-cap stocks. The firm offers a UK opportunities fund run by David Stevenson, investing in small and mid-cap companies with scope for an improvement in value but SVM says it has noticed increasing de-mand […]

Biggest Tep deal sees TIS pay 23m

TIS Group has bought the tra- ded endowment policy assets of the BGI Endowment Fund III, a Jersey-domiciled investment trust, for 23.5m in what it says is the biggest-ever single Tep deal. The BGI Endowment Fund III shareholders last week voted to wind up the closed-ended vehicle and the endowment portfolio comprised 98 per cent […]


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