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...The relocation to east London would leave just one major City regulator in the heart of the UK’s historic financial district: the Prudential Regulation Authority in the Bank of England....
...Richard Wright, the Conservative leader of North Kesteven District Council, in Lincolnshire, told the Financial Times that the end of the policy would “make a huge difference in a small authority like ours...
...The Birmingham building, called Mailbox, last year defaulted on a loan, threatening to wipe out the council’s stake....
...The non-profit compiled the data from freedom of information responses from 200 of the 300 local authorities that are allowed to own or manage social housing....
...The number of visitors to the district has grown, and the estate now includes thousands of units of housing....
...The levelling up department said the NPPF retained a “strong expectation” that authorities would plan positively for the housing needed in their areas....
...brings together 18 local authorities around Birmingham including Wolverhampton, Coventry and Solihull....
...Birmingham is the UK’s second-largest city with the second-largest single-tier council in Europe in terms of the number of people it serves and services it provides....
...Poor decision-making at local authority level can have dire consequences, and I’m afraid the situation in Birmingham is one made in the city council....
...Later he claims that Birmingham sticks out like a sore thumb in “a region where budgets have been balanced in all of the six other authorities, plus the WMCA itself” and yet, Coventry — part of the WMCA...
...Canary Wharf will benefit from funding to build houses and boost the London business district’s push to become a life sciences centre under measures announced in the Budget....
...Access to the public works loan board would make sense, especially as this sector is closer to the board’s remit than the hijacking by some local authorities to acquire commercial property portfolios....
...Sharon Thompson, a former housing officer who took over as Birmingham’s deputy council leader in May, said the authority had been “digging deep” to determine the scale of its liabilities....
...Brookfield, which manages more than $900bn, and the Qatar Investment Authority, the sovereign wealth fund....
...The real housing crisis is that as low pay becomes endemic private sector renting or purchase become truly unaffordable, leading to homelessness and overcrowding which local authorities are required to resolve...
...Currently, our system relies on private developers to build affordable housing. They cannot do this efficiently or at scale. Instead, local authorities should be given the tools to take the lead....
...safeguards are needed,” said a spokesperson for the Department for Levelling Up,Housing and Communities....
...Local authorities received a revenue grant, reducing as rents rose. Housing associations received a capital grant, recovered out of 100 per cent of inflationary surpluses....
...Sadiq Khan has launched his campaign to be re-elected Mayor of London with a vow to boost council housing as the UK capital’s most senior politician warned supporters not to assume he would win a third term...
...“HS2 is a globally recognised investment and was important in the decision to move forward with that building, which was a speculative development outside the central business district....
...Whole councils have gone bankrupt including Birmingham, the London borough of Croydon and Woking in Surrey....
...“Young people in my district and nearby along the coast around Biarritz simply cannot afford to live here anymore and that’s not right,” Echaniz said....
...count, but even by Japan, with 40 sq metres and residents of New York’s central city district, where the average was 43 sq metres....
...To save money in Birmingham the council has dimmed the street lights....
...It would enable some to buy the home they live in and local authorities to buy the rest with sitting tenants....
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