The Great Help-to-Buy ripoff

“Building chiefs cash in on Help to Buy”

Bosses at Persimmon, Barratt and Bellway have been handed shares worth more than £12million.

Persimmon chief executive David Jenkinson exercised share options worth £10million under the housebuilder’s controversial bonus scheme, while two top Barratt executives received stock worth nearly £1million, and two Bellway bosses were handed performance-linked shares worth £1.6million.

The bonanza came just a day after Tony Pidgley, the founder and chairman of rival builder Berkeley, sold shares worth £42million.

His deal took the amount he has made from selling stock in the past two and half years to £166m.

Last night critics condemned the share awards, which came just a week after figures showed the rate of house building in the UK had hit a three-year low.

Developers such as Persimmon, Barratt and Bellway – but less so Berkeley – have also raked in record profits off the back of Help to Buy, a taxpayer-funded scheme that lends cash to buyers.

Reuben Young, a spokesman for housing campaign group Priced Out, said: ‘The scandal is these payouts are only made possible by Help to Buy, which has taken developer profits into the stratosphere by investing public money into rising house prices.’

Persimmon’s Jenkinson, 52, received 411,084 shares worth £9.7million at yesterday’s prices. After taxes he received 217,874 shares worth £5.2million and he is required to hold on to them for at last one year.

Barratt chief executive David Thomas received 64,182 shares worth £431,000 through a bonus plan and deputy chief Steven Boyes received 50,795 worth £341,000.

Bellway awarded 30,667 performance-linked shares worth about £1million to boss Jason Honeyman and 17,823 shares worth about £600,000 to finance chief Keith Adey.

The final amount of shares they receive will depend on whether they hit performance targets.

Meanwhile, Pidgley has sold shares in the past six months that have made him £79.2million.

That included 1m he sold in July for £37.2million and a further 1m on Tuesday for £42million, cashing in on his company’s rising share price.

The sales came after Pidgley previously sold a total of 2.5m shares for £86.8million in 2017 – taking the amount he has made since then to a staggering £166million.

The building firms declined to comment.

https://www.thisismoney.co.uk/money/markets/article-7585531/Building-chiefs-cash-Help-Buy.html

East Devon’s population explodes

In 2017, East Devon’s CEO and Electoral officer “lost” around 6,000 voters:

https://eastdevonwatch.org/2017/05/31/those-missing-6000-voters-electors-jump-from-96000-to-113000-plus/

and, when he had to explain it and put some effort into finding them, the population jumped from 96,000 to more than 113,000.

Now, in 2019, East Devon’s population is said to be 144,317!

https://en.m.wikipedia.org/wiki/East_Devon

30,000 plus people added in just 2 years!

Wonder if the population increase is reflected in the electoral roll?

PegasusLife is NOT paying more for Knowle!

It’s just that S106 money which had been held in abeyance is being paid!

https://www.devonlive.com/news/devon-news/costs-delay-sale-east-devons-3439177

Government has to concede rail privatisation not working

“Northern rail could be renationalised, says transport secretary.

The Northern rail network could be renationalised after years of late and cancelled trains, according to the transport secretary, who said the current franchise cannot continue as it is.

Grant Shapps told the Commons transport select committee that first steps had been taken towards taking the Northern rail network back into public hands. He said he had asked the Northern franchisee, the German-owned Arriva, and the government’s operator of last resort to draw up proposals to improve the service.

Highlighting that barely one in two Northern trains ran on time, Shapps said: “I consider that it cannot continue delivering in the current delivery method.”

He added: “I entirely believe we cannot carry on thinking it is OK for trains not to arrive, or Sunday services not to be in place – that simply has to change.”

His remarks were welcomed by politicians who have criticised the service, whose vast network runs from Newcastle to Leeds, Liverpool, Hull, Manchester and Stoke. Greater Manchester’s mayor, Andy Burnham, said: “After months of misery it is a relief for us to hear government finally accept what we’ve been saying repeatedly, that things can’t carry on as they are.

“Northern passengers will agree with the transport secretary that the current situation of unreliable, overcrowded trains cannot continue. …

Labour said all rail franchises should come under the state’s wing, joining Network Rail. Andy McDonald, the shadow transport secretary, said: “Northern Rail’s incompetent operator should have been stripped of its contract years ago over its abysmal performance record. The government’s refusal to do so has meant massive inconvenience for rail passengers and damage to the region’s economy. …”

https://www.theguardian.com/business/2019/oct/16/northern-rail-should-be-renationalised-says-grant-shapps-transport-secretary?CMP=Share_iOSApp_Other

Unemployment much higher than official figures (but not in Exeter)

“Millions more people in Britain are without a job than shown by official unemployment figures, according to a study that suggests the jobless rate should be almost three times higher.

According to research from the Organisation for Economic Co-operation and Development (OECD) and the Centre for Cities thinktank, large levels of “hidden” unemployment in towns and cities across Britain are excluded from the official government statistics.

The study found that more than 3 million people are missing from the headline unemployment rate because they report themselves as economically inactive to government labour force surveys, saying that they believe no jobs are available.

It said the true unemployment rate should rise from 4.6% to 13.2% of the working-age population not in education. The OECD made the estimate by creating an adjusted economic activity rate, which removes students, pensioners, people caring for family and people with health issues.

In a stark analysis of joblessness across the country, the assessment raises the total number of people out of a job who could work from the official level of 1.3 million to almost 4.5 million.

The Centre for Cities said that urban locations faced the highest levels of hidden joblessness. Liverpool had the highest rate in the country, with around one in five working-age adults not in education finding themselves out of work.

At 19.8% compared to 5.8% on official statistics, joblessness in the city ranked just ahead of Sunderland, Dundee, Blackburn and Birmingham.

All the top 10 cities with the highest adjusted economic inactivity rates were found to be outside London and the south-east, and all tended to have weaker economies. In contrast, cities across the south-east had much lower jobless rates, with Crawley recording the lowest adjusted rate of just 2%. Oxford and Exeter were also below 5%. …”

https://www.theguardian.com/business/2019/oct/17/unemployment-figures-should-be-millions-higher-says-research?CMP=Share_iOSApp_Other

PegasusLife says Knowle to retain age restriction (for now?)

“… When approached for a comment by the Herald, a PegasusLife spokesman said: “The approved scheme at Portishead has a very different level of care requirement in terms of hours of care required and scope of what is included in the definition of care compared to the Sidmouth development.

“We have no plans to submit an application to remove the age restriction or change the use class at Sidmouth.”

https://www.sidmouthherald.co.uk/news/developers-pegasuslife-assure-the-same-won-t-happen-in-sidmouth-as-it-did-in-portishead-1-6325896

BUT PegasusLife is merging with two other companies

https://eastdevonwatch.org/2019/10/05/big-changes-for-pegasuslife-maybe-knowle-wont-be-retirement-homes/

and will soon be called “Lifestory” – will new brooms sweep in different directions?

“Doubts cast over Flybe staying at its Exeter headquarters”

“The new chief executive of Flybe has hinted that Devon will have to work with the airline to ensure its headquarters remains at Exeter Airport.

Flybe ran into financial difficulties last year and was rescued by a consortium of Virgin Atlantic, Stobart Group and Cyrus.

This week it announced that the airline would be rebranded Virgin Connect, an exercise that will begin next spring.

Chief executive Mark Anderson spoke publicly yesterday for the first time, making it clear that a major restructuring exercise was under way.

He did not deny that job losses would be required, but said it was too early to be specific, saying: “It could be that there will be a number of roles that are impacted, but we haven’t yet got to numbers.

“Can I guarantee everyone a job for life? The answer is no I can’t.” …”

https://www.devonlive.com/news/devon-news/doubts-cast-over-flybe-staying-3435866#comments-section

What it’s like to be a REAL independent councillor

Newton (Abbot) Says No won council seats in Teignbridge with its concerns about over-development of the town. This is what it has been like for them since May:

“Ever since NSN started we’ve been lied about, misinformed against and threatened with the Police. When we started the website emails started arriving from those we’d featured on the ’rogues gallery’ page threatening police action. The Police didn’t take any. When that didn’t work, Christophers and co went to the Mid Devon Advertiser and got a front-page story about how awful we are. It won us the election.

In the run-up to that election, the then College Ward Councillor Ann Jones posted comments on the NSN Facebook page saying what she thought of us. I replied that she could say what she liked but she’d soon be out of office. She wrote “Is that a threat?” I wasn’t sure what sort of threat she thought it was. The threat of democracy? Anyway she called the police. The Police ignored her.

Throughout our election campaign we had the Police attaché to the election calling us up, sounding increasingly weary, because he had to. We couldn’t put up a single poster without someone claiming that it broke the rules of the electoral commission. Was any action against us ever taken? Of course not.

So here we are again. A shadowy cabal of Liberal Democrat councillors are putting together a committee to investigate Newton Says No and its ‘online activities’ (apparently). And they’re involving (scary organ music) … the Police! Yes! More of your taxpayer-funded police man hours will be drawn away from preventing burglary, stabbings and suicide and devoted to staring uncomprehendingly at our Facebook page, sipping tea and shrugging.

So what are these threatening missives, that curdle the blood and damn us as the gang of terrorists we are? They are two comments on my Facebook page, made by people I’ve never met. The first was in response to a satirical piece I wrote about a meeting on how to develop Wolborough Hill, at which I commented that there, awful as it was, there was a lot of nice cake. I took a picture of the cake. someone called Edith said that she hoped they choke on their cake.

The second, which I REALLY had to search for, was made by someone called Emily and says “Whoever came up with this effing plan should be shot”.

Notice how Emily even took care to write the word ‘effing’, so concerned was she about causing any offence to anyone who might read it. She then goes on to say that she would rather we do a march than withhold council tax because, not unreasonably, she doesn’t want to get into too much trouble.
That’s the class of thuggishness and villainy we’re dealing with here.These are two of the people we’re apparently working up into a pitchfork mob.

Captain Hook says it’s nothing to do with him. We believe him because, as much as he may dislike us, Gordon is a man of some principle and would not have the discourtesy to go to the press without telling us. According to Ross at the MDA it is ‘a group of Lib Dems, possibly on behalf of council officers’.

Now I know what a threatening comment is, and if I saw one it wouldn’t last two seconds on my page. But these are just people calmly expressing anger and frustration. Frustration with the people who sit in offices planning the ruination of their environment and of this corner of a despoiled, burning planet. Why shouldn’t they? The inability of these people to deal maturely with the fact that somebody, somewhere, doesn’t like them is I suppose part of this age of professional victimhood. But there’s a darker side to all this.

They want the police to make us take down any criticism, no matter how minor. Not just our own words but comments by anyone who contributes to our pages. They will want us to delete anything that expresses anger at the council and its officers, for fear of getting in trouble. They want us cut off from the caucus of people who voted for us and for whom we promised to work.

They want to make it impossible for us to criticise this council, because that will be SO much easier than actually listening to people. So much easier than steering the bulldozers away from a site of special scientific interest with an ancient water course and critically endangered species. And as ever, nobody wants to feel threatened by consensus. So they pretend it’s a different kind of threat; a threat that will win some sympathy. They pretend its a threat against the person, which they implicate us in. It’s diabolical.

We imagine that this complaint will be fobbed off like all the other attempts to use the police to intimidate us. It would be nice if someone could be arrested for wasting police time. But maybe – depending on who is ‘friendly’ with who, and who might be in the Masons – we will get the machinery of the State cracking down on us like a sledgehammer on a piece of very nice, clingfilmed cake.

Whatever happens, we’ll carry on. And we’ll tell you exactly what we’re doing, and what we’ve said, as we always have – rather than sneak around in the shadows feeding nothing-stories to the press. You know, like people with something to hide might do.”

Source: Say No to Newton Facebook page

“Requiring voter ID in British elections suggests the government is adopting US ‘voter suppression’ tactics”

“This week’s Queen’s Speech revived proposals to introduce photographic ID requirements for voting in British elections. The Democratic Audit team assess the available evidence on the likely consequence of such a measure, and consider whether the legislation tackles the right priorities for improving our elections on which there is consensus, or suggests moves to enhance Tory election chances via excluding voters presumed unfavourable to them….”

Requiring voter ID in British elections suggests the government is adopting US ‘voter suppression’ tactics

Increased Parking Charges – Extraordinary Scrutiny Meeting Thursday, October 24, from 6pm, at Blackdown House

“Last month, East Devon District Council’s cabinet agreed to launch a consultation process on increasing the hourly tariff in nine car parks from £1 to £1.20.

If approved, the following car parks would be affected: Lace Walk (Honiton), West Street (Axminster), Orchard (Seaton), Central (Beer), Ham East, Ham West, Roxburgh and Mill Street (Sidmouth), Rolle Mews (Budleigh Salterton), London Inn, Imperial Road and Queen’s Drive (Exmouth).

The district council says the proposals would allow ‘more efficient management’ of the car parks and encourage motorists to use the less popular facilities.

The decision has been called into scrutiny by councillor Mike Howe.

Scrutiny has the right to request any decision made by the cabinet or a portfolio holder be discussed by them, with a view to make recommendations, prior it being implemented.

The scrutiny meeting will take place on Thursday, October 24, from 6pm, at Blackdown House, in Honiton.”

https://www.exmouthjournal.co.uk/news/extraordinary-scrutiny-meeting-called-to-discuss-parking-1-6323425

Tory donors can, and do, control Prime Ministers

“Two former Conservative prime ministers lobbied a Middle Eastern royal family to award a multi-billion dollar oil contract to a company headed by a major Tory donor, the Guardian has established.

In March 2017, while in Downing Street, Theresa May wrote to the Bahraini prime minister to support the oil firm Petrofac while it was bidding to win the contract from the Gulf state.

Two months earlier, and just six months after stepping down as prime minister, David Cameron promoted the company during a two-day visit to Bahrain where he met the state’s crown prince.

Cameron was flown back to Britain on a plane belonging to Ayman Asfari, Petrofac’s co-founder, chief executive and largest shareholder. Petrofac did not ultimately win the contract.

Asfari and his wife, Sawsan, have donated almost £800,000 to the Conservative party since 2009. The donations were made in a personal capacity.

Documents obtained by the Guardian raise questions about how governments should best manage the perceived potential conflicts of interest generated by donations from business figures to political parties.

The government said it was routine for ministers to support British businesses bidding for major foreign contracts. Petrofac said official support had been obtained through entirely proper channels.

The Serious Fraud Office (SFO) has been investigating Petrofac over suspected bribery, corruption and money laundering for at least two years. …”

https://www.theguardian.com/politics/2019/oct/15/revealed-cameron-and-may-lobbied-bahrain-royals-for-tory-donors-oil-firm?CMP=Share_iOSApp_Other

Young and old people, poor people, disabled people: Boris Johnson is trying to deprive you of your vote

He wants anyone who votes to produce a driving licence or passport in order to vote.

If you have never had a passport and don’t drive, or if you would like a passport or driving licence but can’t afford it, if you HAD a passport or driving licence in the past but gave them up because you no longer travel or drive due to ill-health

BORIS JOHNSON DOESN’T WANT YOU TO VOTE BECAUSE YOU MIGHT NOT VOTE TORY

That’s the kind of world we are living in now.

“UK refuses to join France, Germany and Netherlands in halting arms sales to Turkey”

What a disgraceful vassal state of the USA we have become.

“The British government has refused to join its allies in halting arms sales to Turkey over the country’s military operation against Kurdish forces in Syria.

EU foreign ministers unanimously agreed on Monday to “condemn” Turkey’s military action, arguing that it “seriously undermines the stability and the security of the whole region” and was harming civilians.

But the bloc stopped short of agreeing to an EU-wide arms embargo against Recep Tayyip Erdoğan’s government, instead issuing a relatively toothless pledge for “strong” arms export control on a country-by-country basis.

A number of major European powers have unilaterally pledged to halt arms sales to Mr Erdoğan’s government, including Germany, France, and Finland.

But the UK, one of the world’s largest arms exporters, is notably absent from the list, and raised further eyebrows by initially arguing against condemning Turkey during a Monday meeting of foreign ministers to draw up a common EU position. …”

https://www.independent.co.uk/news/world/europe/uk-turkey-arms-sales-syria-kurds-germany-france-netherlands-eu-embargo-a9155536.html

Exmouth developer wants to build private houses before affordable ones …

Yeah, right … and then somehow the houses don’t get sold (maybe because people don’t know where the affordable houses will go if ever they are built) and then the affordables disapear … and then all high-cost housing gets built … and then suddenly they all sell …

Developer behind 36-home Exmouth scheme asks for more time to deliver last affordable dwellings – so it can sell private properties

Broadclyst Parish Council offices aren’t even in Broadclyst (and the rent is £16,000 a year)!

Broadclyst – where the council makes sure hedges don’t scratch your new car! Where bowls club members are heavily subsidised – and where the town council doesn’t even have an office – preferring to rent in Sowton for £16,000 a year!

AND where 4.5 employees share salary and pension costs of £204,000 – meaning if they were all paid the same they would be getting £45,000 plus per year. But they probably AREN’T being paid equally, which means someone – or a couple of someones – is probably being paid substantially more …

“Broadclyst Parish Council currently charges £244.51 for a band D property for its portion of the council tax, compared with the average in Devon of £42.20. …

Since the meeting [when new councillor Karl Straw tried to get the massive precept reduced] we’ve had this excellent cost cutting suggestion from a parishioner about re-locating the council office. The council pays £16,000 a year for office and car parking on the Sowton industrial estate, outside the parish, while the council owned village sports pavilion is a loss-making building, mainly used at weekends. The parishioner has suggested it would make sense to reduce costs and move the offices to the pavilion.

During the meeting one councillor said that we have to pay more because people with new cars would complain if they get scratched on uncut hedges. I don’t know what world they live in, but most ordinary hardworking people don’t have brand new cars, a lot of residents struggle even to have a car.”

Cllr Straw said that parishioners were also very concerned about the high cost of leasing a maintenance truck, at £4,500 a year, plus £3,000 for insurance and other costs.

Parish councillor Liz Straw, who joined the council in May and also voted to reduce the council tax added: “This council dramatically increased the tax now it’s time for a dramatic reduction and time to listen to local people’s concerns. We must behave responsibly and carefully with public money, other thriving Devon parishes charge a sensible council tax. We need to do the same.

“We can’t afford to subsidize the bowling club to the tune of £10,000 – it’s highly irresponsible, especially in a time of austerity. There have been a lot of complaints about the bowling club costs and I hope the club will take over most of the costs and not expect the public purse to fund their hobby.”

Councillors voted by six votes to two to reject the motion though, with the chairman not required to vote.

Speaking after the meeting, Cllr Massey, the chairman said that they welcomed the Straw’s motion looking to cut the cost and the council tax and that every line in the budget would be looked at, but cutting one third of the budget in one go was not something they felt they could support.

He said: “The council tax in Broadclyst is high, as it is in Cranbrook and Clyst Honiton, our neighbouring parishes. We do provide a lot of services and we have been asked by the community who don’t want to see things lost and we had a request to provide more services and so we have to set the council tax accordingly.”

https://www.devonlive.com/news/devon-news/bid-reduce-council-tax-parish-3427719

Even the Queen doesn’t trust Boris Johnson!

It seems she insisted in getting the Queen’s Speech (always written by her Prime Minister) delivered to her a week in advance so that he couldn’t spring any last-minute surprises!

https://www.mirror.co.uk/news/politics/palace-demands-copy-boris-johnsons-20574086

https://www.express.co.uk/news/uk/1190369/brexit-news-Royal-family-news-Buckingham-Palace-Queen-s-Speech-Boris-Johnson-royal-news

New retirement housing in Ottery – 1 bed flats from £250,000

£250,000 plus service charges, of course.

“… Councillor Giles said: “I was delighted to be invited to the opening of Tumbling Weir Court. I am pleased to see the excellent finished development which will help boost the choice for older people in Ottery St Mary and beyond.”

Ciara Hilley, divisional marketing manager for McCarthy and Stone, added: “We are committed to delivering an exceptional lifestyle and, as such, the development enjoys a prime location with access to a superb selection of local amenities, and the highest specification fixtures and finishes throughout.”

Prices at Tumbling Weir Court currently start from £250,000 for a one bedroom apartment and £299,000 for a two bedroom apartment.”

https://www.midweekherald.co.uk/news/new-retirement-living-development-in-ottery-st-mary-1-6318155

Councillor whose group enabled Sidford Business Park now wants traffic cuts!

EDDC’s Hypocrite of the Year Award should go to Tory councillor Stuart Hughes, whose Tory group when it was in power sneaked in permission for Sidford Business Park to be included in the Local Plan at the last minute. Now he is “trying” to get a vehicle weight restriction in the village!

In 2018 he said it was pointless trying to stop the development on Highways grounds:

https://eastdevonwatch.org/2018/11/19/calls-for-removal-of-sidford-business-park-site-in-local-plan-are-unrealistic-says-highways-boss-stuart-hughes/

Background from 2016 when he and his fellow councillors acted positively and some might say disingenuously to support the business park in Sidford:

https://eastdevonwatch.org/2016/02/05/could-councillor-stuart-hughes-have-done-more-for-sidford-fields/

Rumour has it that Councillor Hughes is spending much less time in his area these days so try to catch him when you see him if you want to give him your opinion!