Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
Is Britain really the worst place to live?
A report out today suggests that Britain is the worst place to live in Europe, even though the report highlighted that it also has the highest income per person in the euro zone. With an average after-tax household income of over £35,000 it is some £10,000 higher than the European average but when taking into account the cost of living and other elements, it appears that Britain is the worst pla...Read More
UK government puts aside £388 million for housing projects
The UK government has today confirmed that £388 million has been put aside to provide funding to 115 private sector housing projects in England. The "Kickstart scheme" has begun with a £62 million payment to an array of private sector developers who had been caught short by the recession and were forced to mothball some of their developments. So what does this mean for the industry?
Scotland staring in the face of a £400 million budget black hole
The Scottish Labour Party has been warned by the Scottish Conservative party that plans to introduce a property tax in place of the current council tax system in Scotland could result in a £400 million budget shortfall. It is no surprise, after yesterday's revelations in The Times newspaper, that the UK government is now looking towards scrapping council tax and charging households an individual...Read More
Report: Unfair council tax must be reformed
Council tax systems in England and Wales are unfair on local communities and must be urgently reformed, an influential report has concluded.The independent review of local government by Sir Michael Lyons, professor of public policy at Birmingham University, recommends that council tax bands be rebalanced to reflect changes in property prices.Ahead of today's Budget announcement from Gordon Brown,...Read More
Energy companies increase profit margins
It has been revealed that energy companies in the UK have increased their profit margins on each customer by £30. This increase in the cost of energy, and the profitability of energy companies, has occurred over the last three months during a time when the UK economy was struggling to pull away from the grip of the recession. These figures from Ofgem also confirm that wholesale energy costs in th...Read More