City regulator unveils car loan compensation scheme worth up to £18bnMuch smaller than the PPI scandal, but nonetheless a useful injection of free money for some people.
The Weeping Angel wrote: ↑Sun Aug 03, 2025 6:03 pm One thing that I can confidently predict is that Reeves will raise taxes in the budget, and nearly everyone will hate those tax rises.Even though it's pretty bloody obvious that we spend more than we earn.
The UK government has pledged to build up to 40,000 new homes on disused railway land, including former goods yards, industrial sites and station buildings, over the next ten years.
The £1bn development plans will start with previously identified projects in Manchester, Newcastle, Nottingham and Cambridge.
The government said it was part of its "brownfield first" approach and would create "vibrant" new communities.
However, an interim target of 15,000 in the first five years, is a small fraction of the total 1.5 million new homes the government has promised by the end of this parliament, plans that are already facing big hurdles.
The government aims to attract £350m in private sector investment to help develop vacant industrial sites across the country, to create shops, green spaces and hotels as well as flats and houses.
It is part of its bigger promise to tackle housing shortages across the country.
However, those plans face a huge range of obstacles, including strains on local infrastructure such as water, sewage, schools and healthcare, and a lack of capacity in the construction industry to build the new homes
Industry groups say there are already backlogs, with hundreds of homebuilding projects held up by regulatory obstacles.
The £1bn development plans will start with previously identified projects in Manchester, Newcastle, Nottingham and Cambridge.
- By Bones McCoy