“Housebuilder Persimmon’s boss in line for ‘outrageous’ £50m shares windfall despite Theresa May’s crackdown on fat-cat pay”

“The boss of one of Britain’s biggest housebuilders is in line for an ‘outrageous’ £50 million New Year shares windfall despite Theresa May’s crackdown on fat-cat pay.

Persimmon’s chief executive Jeff Fairburn will next month pocket the first chunk of a share bonus worth a total of about £130 million at the current share price, The Mail on Sunday can reveal.

The Persimmon incentive scheme, which will see 150 managers share a bonus pot of more than £800 million, is likely to make Fairburn the best-paid FTSE 100 chief executive. … “

http://www.thisismoney.co.uk/money/news/article-5116833/Persimmon-boss-set-outrageous-50m-shares-windfall.html

“Check NHS cancer, A&E and operations targets in your area”

Royal Devon and Exeter Hospital has missed all the targets.

http://www.bbc.co.uk/news/health-41483322

A new problem for new house buyers: flying freeholds

“Simon and Maggie Dancer were ready to exchange and complete on the sale of their house when the bombshell dropped. The conveyancing had uncovered the fact that Linden Homes, which had built the Buckinghamshire estate where they live, had miscalculated the boundaries of their home – and that meant their neighbour owned half their master bedroom. …

… Their neighbours, James and Katrina Inch, are unable to rejoice in their unexpectedly expanded floorspace, for the error makes their home also unsaleable. “We are astonished by how this mistake could have been overlooked by three separate solicitors – our own, our neighbours’ and Linden’s – when we bought the properties,” says James Inch, who was alerted to the issue by the Dancers.

… Extraordinarily, two more residents on the ironically named Exemplar Park estate in Aylesbury are in the same predicament. Ann and Terry Payne checked their deeds after the Dancers contacted them and discovered that their neighbour, Clare Reeve, effectively owns half of their main bedroom.

Like the Dancers and Inches, their homes are link-attached over a shared driveway to the parking area. The room above the gateway should belong to the Paynes, but an error bestows it on Reeve. Slipshod markings have also granted Reeve ownership of a large traffic island in front of the houses. “I am going through a divorce and am trying to sell, but I can’t while the boundaries are in dispute,” says Reeve. “You’d think Linden would have got in touch when it came to light, but I’ve had no word.”

The Paynes have been told by Linden Homes to get the original conveyancing solicitor to sort it out. And it appears unabashed by the fiasco, blaming the families and their solicitors for not noticing the mistakes when they bought. …

… Alarms ought to have been triggered by the very existence of a “flying freehold”. It is a legal grey area that can cause headaches because of potential problems with gaining access across the neighbour’s portion to carry out repairs or enforce covenants. Some mortgage lenders steer clear of such properties which can be difficult to sell on.

… A flying freehold caused an identical issue for Colchester homeowner Samantha Sweeney, who found herself unable to sell her link-attached house. She discovered that her neighbour owned 90 square feet of her 11-year-old property, including half her bedroom which overhangs a shared driveway between the two houses.

The estate had been built by Persimmon which told the Observer: “We worked closely with the resident and this has now been resolved.”

All the residents of Exemplar Park can lodge a formal complaint with their solicitors who missed the crucial anomalies and, if they don’t achieve a resolution, they can appeal to the Legal Ombudsman.

Linden Homes says that its legal team is working on a deed of rectification to correct and realign the development’s boundaries, but the delays have cost the Dancers dear. Their daughter starts school next year and they have to move by January in order to meet the deadline for school applications. They also want to be settled before their baby is born. “I’ve had to pay for new valuations and cancel my daughter’s place at the nursery where she was due to start in September after we’d relocated,” Simon Dancer says. “And Linden is moving in baby steps. As far as it’s concerned it sold the house four years ago and couldn’t care less. …”

https://www.theguardian.com/money/2017/nov/26/house-problem-neighbours-own-half-bedroom-boundaries-wrong

“Telegraph: Theresa May starts work on new DUP deal to stop Government collapsing in June 2019”

OUR money. To be spent on tourism in Northern Ireland and cushioning them from Brexit problems.

The first tranche of £1 billion earlier this year allowed Northern Ireland to increase its NHS spending by more than 5%.

Theresa May has started to work on a new deal worth hundreds of millions of pounds with the Democratic Unionist Party to stop her Government collapsing in just over 18 months’ time.

Mrs May’s Government will set out plans to cut Air Passenger Duty and VAT on hotels and restaurants in Northern Ireland in the new year.

The new cash will be on top of the £1billion which Mrs May agreed to spend in Northern Ireland after the DUP’s 10 MPs agree to support her minority administration.

The Treasury has promised to publish its response to the consultation at the next Budget in Autumn next year to allow the changes to be introduced in the 2019/20 tax year.

The talks were signalled in this week’s Budget Red Book, which said: “Early in 2018, the government will publish a call for evidence which will consider the impact of VAT and APD (air passenger duty) on tourism in Northern Ireland, to report at Budget 2018.”

http://www.telegraph.co.uk/news/2017/11/25/exclusive-theresa-may-starts-work-new-dup-deal-stop-government/

“Tory flagship childcare policy a flop as just 30,000 parents out of promised 415,000 helped”

“Tory plans for tax-free childcare are in disarray, with an uptake of less than eight per cent.

The flagship policy launched in 2013 was meant to help 415,000 parents by last month but only 30,000 signed up.

That means this year the Government has only spent £37million and saved £800million.

Budget documents out last week show next year’s spending forecast is being revised down by 90 per cent.

The low response is being blamed on ministers failing to give additional funding for nurseries and childminders. More than 500 wrote to Chancellor Philip Hammond before the Budget asking for more money – but in vain. …”

http://www.mirror.co.uk/news/politics/tory-flagship-childcare-policy-flop-11587487