UK Election: Lim Dems pledge £100bn climate fund

A Liberal Democrat government would spend £100bn tackling the effects of climate change and protecting the environment, the party’s deputy leader has announced.

Sir Ed Davey said the five-year investment would “jump-start” efforts to combat the “climate emergency”.

The pledge would be funded through borrowing and tax changes, to be set out in detail in the party’s manifesto.

The Conservatives and Labour both have targets to reduce carbon emissions.

Sir Ed, who served as secretary of state for energy and climate change in the coalition government, said his party would “decarbonise capitalism” if elected.

He said a Lib Dem administration would be a “government of business” by stopping Brexit, increasing investment in infrastructure, and promoting new green jobs.

Speaking in Leeds, he also pledged his party would build a new tram or metro system in the West Yorkshire city.

Sir Ed, who is also the party’s finance spokesman, said the climate investment would include a new £10bn “renewable power fund” to leverage more than £100bn of extra private climate investment.

“This will fast track deployment of clean energy, to make Britain not just the world leader in offshore wind, but also the global number one in tidal power too.

“And we will invest £15bn more to make every building in the country greener, with an emergency ten-year programme to save energy, end fuel poverty and cut heating bills.”

The party said the policy would be funded through £85bn of borrowing and £15bn raised through tax changes, which will be detailed in its manifesto.

Sir Ed also attacked the “fantasy economics” of Prime Minister Boris Johnson and Labour leader Jeremy Corbyn, claiming that the spending plans unveiled by the two parties represent a “debate between fantasies”.

“Fantasies born of nostalgia for a British Imperial past. Competing with fantasies from a failed 1970s ideology.”

Source: BBC News

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Property Purchase: At what point am I committed and cannot pull out?

In UK property purchase, the key point is when contracts are exchanged – right up until that point any party in the chain can withdraw with no penalty. This can lead to financial lost, tears, anger and lots of frustration.

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Once contracts are exchanged everyone is bound by the terms of the contract – if anyone wants to pull out after that point it will cost them many thousands of pounds, as a starting point it is usually 10 per cent of the purchase price and then any damages that flow from their actions. Because of this, generally the best advice is to buy the property and put it on the market as soon as you can. Depending on the market at that time you may lose a little money, but potentially considerably less than if you’d withdrawn from the sale.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Man City Footballer Rahaem Sterling buys row of terrace houses to kick start Fiancee’s Property business

Raheem Sterling’s fiancée Paige Milian, 22, who has a young son with Raheem, announced that they had bought the complex on Instagram .

She wrote: “After months of studying property development, I achieved my qualification to become a property developer in 2018.

 

“We then started a search of properties to add to our portfolio and was then successful in purchasing six brand new houses.

“We plan to add more projects to our portfolio in the future.”

The six new two-bedroom houses are in an unfashionable part of Stockport

The 24-year-old snapped up the six two-bedroom houses in an unfashionable part of Stockport, Greater Manchester, for an estimated cost of £166,000 each.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

First time buyers on a 12 year high

First-time buyer numbers have soared to a 12-year high, reaching a level last seen before the financial crisis struck.

A total of 35,010 mortgages were advanced to people buying their first home in August – the highest monthly total since August 2007, according to UK Finance.

The typical first-time buyer borrowed £175,361, the equivalent of 80% of their property’s value.

Although the sum was an average of 3.52 times their pay, close to record-low interest rates meant monthly mortgage payments accounted for just 17.1% of their total household income.

The data from UK Finance supports Zoopla research which found that more than a third (36%) of all property purchases in 2018 were made by first-time buyers and that numbers were up by a huge 85% since 2010.

Buying a home for the first time can be daunting and expensive, which is why it’s important to get fully up to speed before you start your property search. Once your name is on the property deeds, you’ll benefit from potential equity gains, you can decorate how you like and of course you’ll always have something to call your own.

Source: Zoopla property News

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property move: Booking your removals company

Whether you are going to go the whole way and get a removals company to do it all for you, do it yourself or go half-and-half option, you should start planning as soon as you have had an offer accepted.

 

Moving house is the perfect opportunity to clear out the cupboards and de-clutter to get rid of items you no longer need. Make some phone calls or get online quotes from at-least three or four companies operating in your area. The earlier you start doing this, the more time you will have to compare services and prices.

Be honest about the amount of furniture and other items you need to move so they can give you an accurate quote and allocate the correct size van or lorry and number of staff to send on the day.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk