View more on these topics

Demand for Govt action in regional housing hotspots

The TUC is urging the Government to extend its efforts beyond London and the South-east to help key public-sector workers get on the housing ladder.

The unions passed a motion at their annual conference demanding that the Government recognise there are housing hotspots in other parts of the UK and calling on it to take efforts to help key public sector workers in those areas.

In July, the Government announced it was spending £250m to build large tracts of new homes in the South-east and in direct subsidies to key public sector workers such as nurses, firemen and teachers to help them buy a house.

The TUC says it is essential for the Government to act now to prevent the disintegration of public services as a result of the “astronomical house prices” in areas of the country other than the South-east.

A spokesman says: “With the jump in public sector employment following new investment from the Government, house prices threaten to overrule the drive for better public sectors.”

A spokeswoman for Deputy Prime Minister John Prescott says: “We are aware that there are housing hotspots outside London and the South-east and are committed to helping public-sector employees working in those areas.”

Recommended

Security is more important than returns, says poll

Only 9 per cent of consumers consider taking advice to be the most important factor when taking out an investment, according to a survey by Alliance and Leicester.The survey of 2,000 people throughout the UK shows that in Scotland 14 per cent of people consider advice to be important while the figure is nil in […]

Charging a fee Would have lost us four clients

I refer to Money Marketing&#39s survey in the September 12 edition on whether the public are prepared to pay fees and would like to point out a practical example that I have come across recently.Four new clients were referred to me for financial appraisal from Professional Connections and, without exception, each asked me how much […]

Insurers may choke on this PI

There is no better evidence for just how deep the PI crisis has become than when IFAs are warned not to get in touch with those most in need of their advice.It has emerged that PI insurers are telling IFAs not to write to clients they fear face an endowment shortfall in case it leads […]

Strikers win rethink by Caparo on pensions

The first UK workers to strike after their final-salary scheme was threatened have won their battle to keep their pension intact, with their employers reinstating the scheme.Steelworkers at the Welsh Caparo Steel Group, owned by Labour peer Lord Paul, started a series of one-day strikes after the company threatened to downgrade its finalsalary scheme.The strikes […]

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment