Category Archives: East Devon economy

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16 Nov 2015

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Budleigh Salterton, Dorset, East Devon economy, Exmouth, Seaton/ Colyford / Colyton, Sidmouth/ Sidford/ Sidbury

East Devon coastal sprawl could cost you a 27% drop in your house price if World Heritage status risked

” … the Jurassic Coast World Heritage Site is formed from a massive slice of East Devon and Dorset.

This includes towns already well known to attract premium price tags such as Beer, Lyme Regis, Seaton and Sidmouth and Budleigh Salterton, which earlier this year was named among the most expensive places to buy in the Westcountry with average prices of £342,442.

According to Zoopla, while the average residential property is valued at £284,000, those near a site that holds Unesco status are valued at £362,000 – a difference of 27%.”

http://www.westernmorningnews.co.uk/World-heritage-status-means-West-homes-attract-78/story-28184478-detail/story.html

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15 Sep 2015

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Austerity cuts, Corruption, East Devon economy

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“Half the UK’s cash in black market or overseas”

“The evidence available indicates that no more than half of Bank of England notes in circulation are likely to be held for use within the domestic economy for legitimate purposes,” it said.

So a chunk is used in the “shadow economy” – either legitimate activities concealed from the authorities, or illegal activities and transactions. Some is also kept by criminals and tax evaders.”

http://www.bbc.co.uk/news/business-34257278

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20 Aug 2015

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Asset sweating, Austerity cuts, East Devon economy, EDDC, Local Plan, Mid Devon

Another nail in EDDC’s “high growth” coffin

“Shares and oil prices around the world have seen further falls, sparked by renewed fears over the health of the global economy.

In China, the authorities intervened again on the stock market to little effect. Shares in Shanghai fell 1.5%.
And in Washington, expectations of a US interest rate rise dimmed after Federal Reserve policymakers said the economy was not ready yet.

European markets in Paris and Frankfurt were down 1% in morning trade.

London’s benchmark FTSE 100 index shed 0.5%, while the price of Brent crude oil was down 1.1% at $46.66 a barrel. US crude was down 0.4% at $40.95. …”

The trouble is we residents who get buried, not our misguided (to put it VERY kindly) officers and councillors:

http://www.bbc.co.uk/news/business-34003197

Mid-Devon opted for “sustainable growth”. Oh, how they must be chuckling now.

Plus, the policy of asset-stripping will look remarkably like a fire sale in a pound shop.