Big changes for PegasusLife – maybe Knowle won’t be retirement homes …

“Property developers PegasusLife, Anthology and Renaissance Retirement have announced that the three companies will merge to create Lifestory, a housebuilder that will cater to every rung on the property ladder, from starter to retirement homes.

Lifestory will operate across three regions, creating developments under all three of the existing brands through local teams. PegasusLife Group CEO, Mark Dickinson, becomes Lifestory’s CEO with three regional Managing Directors reporting to him.

The South and South West region will be led by Marc Evans, currently Chief Operating Officer at PegasusLife Group; the North and Midlands by Mike Gill, currently Regional Development Director at PegasusLife Group; and the London and South East region by Steve Bangs, currently Managing Director at Anthology.

Lifestory will be backed and funded by Oaktree Capital Management, current majority owner of both Anthology and the PegasusLife Group.

Focusing on the full spectrum of property development, the three regions will build homes tailored to first time buyers through to older customers looking to downsize.

Mark Dickinson, Lifestory CEO said: “We have created Lifestory to bring together three strong customer facing brands that will deliver on our goal to transform customer experience when buying a new home, whatever stage of life our customers are at.

“This is an exciting new venture for Anthology, PegasusLife and Renaissance Retirement as each company brings a range of strengths to the combined business, but at the core is a commitment to providing outstanding customer experience.

“Our customers’ shared aspirations for quality homes and quality of life is at the centre of our business model, with their stories and lives at the heart of our ethos and approach.

“The combined regional companies have been rebranded Lifestory, however we will continue to trade to our customers through our sub-brands. This flexible approach allows us to address the needs of different customers and communities across the country.

“The collective portfolio currently amounts to some 50 projects and with the launch of Lifestory, we have ambitious growth plans to double this within a three-year period. Our refreshed and united approach sets us in a strong and unique position to successfully achieve these targets.”

Three developers merge to create new housebuilder Lifestory

How fat cats get fatter

“The regulator has allowed energy network companies to make bigger than expected profits at the expense of household bills, according to its own state of the market report.

Ofgem admitted the companies that run Britain’s energy pipes and wires had earned double-digit returns in the last year despite its efforts to keep a lid on energy bills.

The regulator oversees the business plans of regional gas and electricity networks to keep a rein on how much each firms can spend on their infrastructure, and how much they can claim back through energy bills.

It said that with hindsight it had set the rate of return too high, and that some companies had managed to spend less than planned, to rake in higher profits.

The uncomfortable evaluation has emerged following Ofgem’s decision to appoint its head of networks as its new chief executive. Jonathan Brearley will replace Dermot Nolan when he steps down in February next year.

It said: “The overall costs to consumers of the transmission and distribution networks have turned out to be higher than they needed to be.”

The admission is likely to anger critics of the companies, including UK Power Networks and National Grid, who have warned that networks are hiking up household energy bills while paying bumper shareholder payouts to foreign investors. …”

https://www.theguardian.com/business/2019/oct/03/energy-network-firms-allowed-to-make-bigger-than-expected-profits-ofgem-admits?CMP=Share_iOSApp_Other

General elections: why we need proportional representation more than ever

“It’s easy right now to get caught up in the daily drama of politics – to focus on individuals, and the game playing, and to forget that the current political chaos is all part of a much bigger picture.

Because for all the daily drama, the last year of political turmoil is the outcome of a system that is failing and has been failing for a long time.

The party system is fragmenting and has been for a while. The last two General Elections were the most volatile – that’s the movement of people between parties – since 1931.

And new political cleavages have come to prominence – not only Brexit but on climate, internationalism and more. These shifts are causing the system to malfunction.

All democratic systems have trade-offs. The Westminster system trade-off is, supposedly, government stability and the ability for the government of the day to enact its programme with as little friction as possible.

In return, we have to accept an Executive which has – compared to other democracies – extraordinary power, and an upper chamber packed with unelected individuals – an undemocratic and therefore weak chamber in order to maintain executive strength.

And we’re lumbered with a disproportional electoral system that wastes the majority of votes, sacrificing fair outcomes in order to create a majority. Sixty-eight percent of votes in 2017 made no impact on the local result, our analysis shows.

But that trade-off to get ‘strong’ one party government only works in a two-party system.

In a world that’s a bit more complex than that, this arrangement is over. For good.

Yet we are left with an overbearing executive and warped election outcomes. Parties and candidates can slip in on fractions of the vote, while the prospect of ‘wrong winner’ elections looms large: a government in power despite winning fewer votes than the next placed party.

When marginal seats are won with just handfuls of votes in it, our system is easily exploited. And the prize is huge.

Our political system is not designed to share power. It is a system that preserves hierarchy and hoards power at the centre. As system so stuck in the past that there are still seats reserved in our second chamber for male aristocrats.

As well as flaws in the system, there are growing inequalities at the input end. Turnout has increased at each of the last four general elections. But the gaps in who turns out are growing. You are far less likely to vote if you are young, working class or from an ethnic minority. That was not the case decades ago.

Proposals for voter ID can only make this worse – potentially disenfranchising millions at a time when people already feel marginalised: just 4% feel able to ‘fully’ influence decisions by MPs at Westminster (BMG polling for ERS this year).

As well as a system that hordes power at the centre, and ignores votes, there are huge gaps in our electoral rules themselves. Vast sums of money flow into our democracy with little oversight.

You can still for instance, set up a company in the UK and fund political activity through it even if that company does no business here – one of many loopholes that put fair elections under threat.

So we need to stop seeing democratic reform as a nice add on. Democratic reform is not separate to economic and social change – it is fundamental.

The ballot box is the great equaliser of any democracy. But that only works if votes are equal – both in terms of who participates and whether their votes count. And it only works when our Parliament is fully elected, not a place for preserving privilege.

We cannot underestimate the scale of the challenge but nor can we assume that these systemic flaws can be used for good. It’s now time to create a democracy that works for everyone.”

The current crisis has been a long time coming – and Westminster’s system is behind it

EDDC Leader on car park charges … basically now a complete muddle

Leader Ben Ingham’s statement – a masterclass on how to make a bad decision worse – a rushed, piecemeal temporary fix that suits no-one and has no clear outcome.

“East Devon Scrutiny committee to set up a Task and Finish Forum to consider the ongoing future of the council’s car parks

At a meeting of East Devon District Council’s Cabinet on Wednesday 2 October, councillors discussed a report detailing proposed changes to car parking charges in East Devon and resolved to take the following steps:

That statutory advertisement and consultation procedures are actioned with a view to changing car park charges from £1 to £1.20 per hour in high demand car parks (including the London Inn, Imperial Road and Queens Drive car parks in Exmouth).

The 20p per hour increase for the high demand car parks is a rounded down inflation based increase from 2010.

To implement a 12 month trial of free coach parking in Seaton Jurassic coach park and a promotional tariff of £2 all day parking in the Canaan Way and Brook Street car parks in Ottery St. Mary

The Cabinet decision was subsequently debated at a meeting on Thursday 3 October by the council’s Scrutiny committee, which has resolved to set up a Task and Finish Forum (TAFF).

This will consider a range of matters with regard to the ongoing and future management and operation of the Council’s car parks.

There is a possibility that the Cabinet decision will also be called-in to the Scrutiny Committee but we will not know this until later next week.”

https://exmouth.nub.news/n/leader-of-east-devon-district-council-issues-statement-regarding-car-parking-tariffs