Parishes offered up to £2000 each by DCC to spend on “flood resiliance”

Sandbags, tools, equipment, protective clothing, road signs … it won’t go far but better than nothing:

For advice about applying for the grant, contact David Kinross at Devon Community Together, or visit the Devon Community Resilience Forum pages:

https://www.devoncommunities.org.uk/emergency-flood-resilience-grant.

http://www.midweekherald.co.uk/news/new_emergency_fund_to_help_protect_communities_at_risk_of_flooding_across_east_devon_1_4374918

Heseltine (just put in charge of council estate regeneration by Cameron) thought that all council tower blocks had lift attendants …

“Sometime in the dim and distant 1970s I attended a housing conference chaired by the then Labour Environment chief Peter Shore.

Having listened to various speakers making promises they would soon break, a tenant rose up to complain that on his high-rise estate the lifts were out of order more often than not, which was a serious problem for mums with prams and the disabled.

From the back of the room then rose the unmistakable figure of Michael “Tarzan” Heseltine. “WHY”, he thundered, “did not the lift attendants do something about it?”

There was a stunned silence, as half the room were unable to digest what this tall golden-maned toff was saying, while the rest were too embarrassed to correct him.

… So now, at the tender age of 82, Lord Heseltine is to be in charge of Cameron’s latest conjuring trick: the transformation of leaden council estates into golden private housing. On Sunday morning the PM tweeted: “I’ll be talking to Andrew Marr about ensuring everyone has a chance to get on in life in the next few minutes on BBC1.”

… He may look, as a shining example, to the Heygate Estate in Southwark which Labour leader Peter John sold (at a loss of around £20 million) to Australian developer Lend Lease. Around 3,000 people lived in its large and light flats, although the council’s failure to maintain in properly resulted in it looking the worse for wear. The sale to Lend Lease will result in over 2,000 private homes – which are already selling well in Singapore – but fewer than 100 will be for social renting. Mr John has just received an OBE for his services to, er, ahem.

… As with Heseltine’s lift attendants, Cameron has no idea that most tenants who rent substandard homes on poorly maintained estates do so because they can afford nothing else. Most of them are on benefits, squeezed by the Bedroom Tax, benefit caps and “sanctions” – thanks to the efforts of Iain Duncan Smith – and often one payment away from the street.

How Mr Cameron intends to give them “a chance to get on in life” by destroying their homes remains to be seen.”

http://www.independent.co.uk/voices/cameron-s-housing-policy-is-as-misguided-as-heseltine-s-belief-that-council-estates-had-lift-a6806291.html

Environment Agency head resigns because he didn’t expect to be called on in an emergency if he was on holiday in Barbados

“Sir Philip Dilley has resigned as chairman of the Environment Agency following criticism of his decision to go on holiday to Barbados as parts of Britain battled severe flooding.

In his resignation letter, Sir Philip claimed he was stepping down because “expectations” of his role have changed to mean he has to be “available at short notice throughout the year”. …”

http://www.telegraph.co.uk/news/politics/12093502/Sir-Philip-Dilley-quits-as-Environment-Agency-chairman.html

Wonder what globe-trotting Minister Hugo Swire thinks of this? Anyone seen him in the constituency recently?

Housing market collapse?

House prices have broken free from reality and defied gravity for far too long, but they are an asset like anything else, and there are six clear reasons a nasty correction looms in the coming year.

Global asset price crash

Asset prices around the world soared as central bankers embarked on the greatest money printing experiment in history. While much of that money flowed into the stock market, a great deal also found its way into house prices. What we are now witnessing on trading screens around the world is the unwinding of the era of monetary excess, and house prices will not escape the fallout.

… There is a delayed effect on property prices because the market is so inefficient.

Transactions can take up to three months to complete and the property itself may have to languish on the market for even longer. The prices are also dictated by estate agents, who have an interest in inflating them to raise fees. The number of transactions is also still about 40pc below that of 2006 and 2007, which allows prices to stray from the fundamentals for a longer period.”

http://www.telegraph.co.uk/finance/property/house-prices/12087971/UK-house-price-to-crash-as-global-asset-prices-unravel.html

The article goes on to cite other factors which could lead to a price crash: changes to the buy to let market, fewer international buyers, possible interest rate rises and a massive increase in household debt