#UK energy crisis latest news

[newscast1]

UK faces major energy crisis as temperatures plummet, costs rise

UK faces major energy crisis as temperatures plummet, costs rise

In the midst of an energy crisis in winter, the UK govt data has revealed that domestic gas and electricity prices have gone up since the past year. A man serves himself a hot drink during at the Ashburton Hall community hub in Croydon, England (Getty image) By Loveena Tandon: The United Kingdom is facing a serious energy crisis as temperatures plummet and energy costs rise along with an…

[ukrfeminism]

Women would need to work for an extra 19 years to retire with the same pension savings as men, according to data from the Pensions Policy Institute.

The research found women retiring at 67 – the new UK state pension age from 2026 – will have saved an average of £69,000, compared with £205,000 for men.

The data, published by the PPI and pensions provider Now: Pensions, suggests that under the current system, in order to close the “gender pension gap” a girl would need to start saving at three years old to retire with the same amount of money as working men.

Career gaps, caring responsibilities, childcare costs and lower earnings all contribute to the disparity.

As automatic enrolment into workplace pensions – where workers are put into a pension scheme into which they and their employer pay – starts at the age of 22, the 19-year gap meant that “by age three, girls are already falling behind boys in their provision for later life”, the researchers claimed.

However, women often live longer than men – on average by about seven years – meaning their retirement pots also need to last longer.

Now: Pensions is calling for the £10,000-a-year earnings threshold for people to be automatically enrolled into a workplace pension to be removed because it excludes many women who hold multiple jobs or work part-time or as freelancers.

The UK state pension age of 66 is set to rise to 67 between 2026 and 2028. From 2044, it is expected to rise to 68. However, research issued earlier this week suggested it would have to rise to 71 for those born after April 1970.

Separate industry figures issued on Wednesday indicated that the estimated amount of money needed to enjoy a “moderate” standard of living in retirement had jumped by £8,000 – or 34% – in a year as a result of the cost of living crisis and changes in behaviour.

The Pensions and Lifetime Savings Association has developed the “retirement living standards” to show what life in retirement looks like at three different levels – minimum, moderate and comfortable. Last year it said a single person needed about £12,800 a year to meet the minimum threshold but this year the figure has been put at £14,400.

The new threshold for a moderate standard of living in later life is £31,300 for a single person – up from £23,300 a year ago. To meet the comfortable threshold, the new figure is £43,100 a year for one person – up from £37,300.

The pension provider Scottish Widows said securing a guaranteed annual income of £23,300 for life would require a pension pot of about £500,000 – but securing an income of £31,300 would mean amassing a pension pot of more than £750,000.

The PLSA said its latest research “reflects the price rises that households have faced, particularly in food and energy use”, but also highlighted the increasing importance people placed on spending time with family and friends away from the home, as people’s priorities have changed after the coronavirus pandemic.

[thoughtlessarse]

Schools and health services forced to offer crisis help in the form of food, clothing, money and advice Britain’s schools and primary health services are “staggering” under the pressure of demand caused by an epidemic of extreme poverty, as desperate families unable to afford food, clothing or heating increasingly turn to them for crisis help. Teachers and GPs in England, Scotland and Wales are informally acting as emergency food providers, welfare advisers, housing officers and social workers alongside their day jobs, as they devote more and more time and resources to support struggling parents and children, new research has found. Staff routinely helped parents solve housing, visa and benefits problems, and provided them with food, clothes, and shower and washing machine facilities. They have also handed out cash for energy meters, toys and books, the Joseph Rowntree Foundation (JRF) study revealed. “You feed them [pupils], you clothe them, you tell them [parents] where to go if they’re homeless. It’s literally everything. It’s not even about teaching or learning, It’s about keeping them fed, keeping a roof over their head,” a deputy head from a Bristol school told researchers. Poverty campaigners have warned that the two main parties’ election manifesto promises to improve the NHS and schools would ring hollow unless they were prepared to also urgently tackle rising poverty if elected. Katie Schmuecker, the JRF’s principal policy adviser, said: “No plan for our schools or NHS should be taken seriously if it doesn’t include tackling hardship. Primary schools and GP services are staggering under the weight of hardship – it shouldn’t fall to them to ensure families are not going hungry.” The latest official figures show 4.3 million UK children – about one in three – were in relative poverty in 2022-23. More than 1 million youngsters experienced destitution – extreme material hardship – while charity food banks gave out record numbers of emergency food parcels last year.

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Since tax cuts and austerity seem to be the policy in both the Tory and Tory-lite parties, things are only going to get worse.

[tomorrowusa]

British Prime minister Rishi Sunak is going backwards on Earth-friendly energy. His flailing Conservative Party is polling at 26% – down from 40% exactly two years ago. With elections due in 15 or 16 months at the latest, he may be trying to appeal to voters more concerned with short-term economics than those who wish to keep the climate crisis from spinning out of control.

Rishi Sunak has announced a major U-turn on the government’s climate commitments as he promised to put his party on a more radical path in an attempt to close the gap with Labour before the next general election. In one of his biggest policy changes since taking office, Sunak confirmed the UK would push back the deadline for selling new petrol and diesel cars and the phasing out of gas boilers, prompting furious condemnation from the automobile and energy industries. [ ... ] The move was also met with despair by climate scientists and environmental experts who said it would cost consumers more in the long run and threaten the UK’s global leadership on the issue, with the former US vice-president Al Gore saying Sunak was “doing the wrong thing”. At a Downing Street press conference, Sunak insisted his scaling down of climate policies was “not about the politics”, even though the Conservatives’ conference slogan adorned the lectern and party insiders said the move was about creating dividing lines with Labour. [ ... ]

Most Tory MPs were supportive, with some vocally backing the policy. Labour condemned the plan, and sought to use the speech to link the prime minister with his predecessor Liz Truss, who called on the government to row back on its green commitments just days ago. Ed Miliband, the shadow energy secretary, said: “This is an act of weakness from a desperate, directionless prime minister, dancing to the tune of a small minority of his party. Liz Truss crashed the economy and Rishi Sunak is trashing our economic future.”

Finding oneself on the same side as Liz Truss is seldom a good thing.

[novumtimes]

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails UK inflation rose to 2.2 per cent in July, marking the first increase this year and increasing the chances the Bank of England keep interest rates at the same level when they meet next month. The Consumer Prices Index (CPI) inflation rose from 2 per cent in June, but undershot economists’ expectations who had forecast it rising to 2.3 per cent. However, despite the smaller than anticipated inflation increase, it is still above the Bank’s target of 2 per cent and casts doubt on back-to-back interest rate cuts at September’s meeting. CPI services price inflation, which is closely monitored by the Bank, fell by more than expected from 5.7 per cent in the previous month to 5.2 per cent in July. “Inflation ticked up a little in July as although domestic energy costs fell, they fell by less than a year ago. This was partially offset by hotel costs, which fell in July after strong growth in June, said Grant Fitzner, the ONS’s chief economist. Graphic showing UK inflation rate has reached 2.2% (PA Graphics) The latest figures mean that prices are rising faster across the country than in previous months, but still at a slower rate than in 2022 and 2023 when households and businesses were being squeezed during the peak of the cost crisis. The lower than anticipated inflation increase comes after the Bank’s monetary policy committee voted to cut interest rates to 5 per cent earlier in August, a quarter-point reduction. Economists predict that the slight uptick in inflation could mean that Bank policymakers will decide to keep interest rates on hold, but anticipate further cuts before the end of the year. Ruth Gregory, deputy chief UK Economist at consultancy Capital Economics, said: “The smaller-than-expected rise in CPI inflation from 2.0% in June to 2.2% in July (consensus 2.3%, CE 2.1%, BoE 2.4%) and the sharp fall in services inflation from 5.7% to a two-year low of 5.2% will reassure the Bank of England that the disinflation process is on track and opens the door to more interest rate cuts later this year.” (PA Graphics) (PA Graphics) Sarah Coles, head of personal finance at Hargreaves Lansdown, said the inflation rise is “not massively welcome, especially for people hoping to be able to enjoy the new space in their budgets created by wage rises, but it’s not a huge upset either”. “It’s likely to be business as usual at the Bank of England in September, with rates on hold, so it’s unlikely to alter the picture significantly for savers and borrowers,” she said. Luke Bartholomew, deputy chief economist at fund manager Abrdn, said the fall in the rate of services inflation “should help reassure some policymakers that inflation pressures are proving slightly less persistent than feared”. “After yesterday’s solid labour market report, the Bank will not be in any hurry to cut rates again immediately, but the ongoing slowing in inflation pressure means there is certainly scope for at least one more rate cut this year.” The Bank has said it expects inflation to rise to about 2.75 per cent in the second half of this year, amid persistent price rises in the service sector. Inflation will then fall back over the subsequent years to 1.7 per cent in 2026, it predicted earlier this month, then down to 1.5 per cent in 2027. Darren Jones, the chief secretary to the Treasury, said: “The new government is under no illusion as to the scale of the challenge we have inherited, with many families still struggling with the cost of living. That is why we are taking the tough decisions now to fix the foundations of our economy so we can rebuild Britain and make every part of the country better off.” Source link via The Novum Times

[pmiabsolute]

New Energy Charging Piles Market Global Analysis, Outlook, Size, Share Forecast 2031

The Market report can help clients make business decisions and understand Industry Recent Trends, Share, Size, Growth, Opportunity, and Forecast 2024 to 2031” report by Report Ocean delivers a thorough industry evaluation, covering market trends, competitor analysis, regional insights, and the Recent market developments. Ideal for investors, researchers, consultants, and marketing strategists, it is a valuable resource for those looking to engage in the market. The study emphases on whole estimate of the value chain, technological progresses, prospects, future roadmaps and distributor study.

Get the complete sample, please click:  

Key Regions & Countries

North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Colombia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

The Report Covers - -Complete in-depth study of the market and Vital changes in market dynamics. - Detailed considerate of market-particular drivers, Trends, constraints, Restraints, Opportunities and important micro markets. - the report focus on  Complete valuation of all prospects and risk. - In depth study of business tactics for growth of the market core players. - Market latest innovations and key procedures. - the Research focus on Vital changes in market aspects, product development, current trends, Competitive Landscape. - Conclusive study about the development conspiracy of market for forthcoming years.

Table Of Content:

Some Major TOC Points:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Main Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Chair Lifts Sales Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 8. Market Driving Force

To Be Continued…!

Reason To Buy:

Robust study methodology with important analysis including Porter's Five Investigation and SWOT analysis.

Extensive analysis of aggressive commerce regulations and rules of numerous government agencies both internationally and regionally from the report to incorporate a wide picture of this market's potential.

Supplying crucial opportunities for market expansion throughout the forecast period.

Study of a Huge historic Information about market behavior, functionality, and creation from companies.

True and factual statistics consisting of a succinct graphical representations, tables, and statistics of this market in the report.

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[olko71]

New Post has been published on All about business online

New Post has been published on https://yaroreviews.info/2024/02/bank-of-england-moving-closer-to-interest-rate-cut

Bank of England moving closer to interest rate cut

Reuters

By Dearbail Jordan & Faisal Islam

BBC News

The Bank of England has held interest rates at 5.25% but indicated it is edging towards cutting borrowing costs.

At its latest meeting, the Bank said it had discussed cutting rates, with inflation – the pace of price rises – set to fall quickly this year.

But the Bank’s governor said it would wait for firm evidence that inflation was under control before doing so.

For the first time since the 2020 Covid pandemic, one Bank policymaker voted for an immediate cut.

However, while Swati Dhingra voted to cut rates to 5%, two members of the Monetary Policy Committee (MPC) backed an increase to 5.5%. The remaining six members voted to keep rates unchanged.

It is the first time there has been a three-way split on whether rates should rise, fall or be held since the 2008 financial crisis.

The Bank has been raising rates steadily over the past couple of years to try to reduce inflation, with the last rate rise in August last year.

Higher interest rates cool inflation by making borrowing more expensive, discouraging people and businesses from taking on debt to fund spending.

Inflation has fallen sharply from a 40-year peak in October 2022 and currently stands at 4%.

The Bank is charged with keeping price growth at, or close to, a target of 2%.

It said in its latest inflation report that the figure would fall back to that target between April and June this year – quicker than it had previously expected.

Follow live: Bank of England holds interest rates at 5.25%

What are UK interest rates and when will they fall?

“We have had good news on inflation over the past few months,” Bank governor Andrew Bailey said, telling the BBC that he is “optimistic” that it is heading in the right direction.

The Bank’s latest release also dropped the phrase it has used previously about a “further tightening in monetary policy”, which is being seen as a sign that no more rate rises are expected.

But while the Bank is now suggesting that rates have peaked, Mr Bailey signalled that any cut in interest rates may still be some months away.

“We need to see more evidence that inflation is set to fall all the way to the 2% target, and stay there, before we can lower interest rates,” he said.

The Bank is expecting a slight rebound in inflation over the summer, and at the Bank’s news conference Mr Bailey said this was “not an acceptable state of affairs”.

This suggests that any rate cut may not come as quickly as many expect.

The Chancellor, Jeremy Hunt, said: “It’s obviously very positive news for families with mortgages that interest rates appear to have peaked, but we should remember that inflation never falls in a straight line.”

There is concern among some economists that the fall in the inflation rate towards the Bank’s target is “artificial”, due to the cut in the energy price cap, and that inflation will rebound somewhat over the summer as global energy prices have picked up.

In addition, growth in pay remains strong, with the Bank’s survey of hundreds of companies pointing to a 5.4% rise in wage settlements this year.

Dr Dhingra, the economist who voted for a cut, pointed to risks from geopolitics, and the fact it takes a long time for rate decisions to affect the economy.

The Bank’s new forecasts indicate that keeping rates at their current level could push a barely growing economy into an outright recession.

Paul Dales, chief UK economist at Capital Economics, said that the Bank “sent some soft signals that the next [interest rate] move will be a cut, but it pushed back more strongly against the idea that rates will be cut soon or far”.

However, Mr Dales said he expected a faster fall in inflation and predicted the Bank would “change its tune in the coming months”.

“A rate cut in June is still possible and we think rates will end 2025 at 3%,” he added.

Yael Selfin, chief economist at KPMG UK, said she thought the Bank would be wary of keeping rates too high for too long, “particularly with the impact of previous rate hikes yet to feed through to the economy”.

“However, we expect the Bank to pause for some time yet before beginning to cut interest rates,” she said. “Cuts could happen from the summer onwards.”

Related Topics

Personal finance

Inflation

UK economy

Bank of England

Mortgages

More on this story

What are UK interest rates and when will they fall?

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Why does the Bank of England change interest rates?

10 hours ago

What is the UK inflation rate and how does it affect me?

9 hours ago

[jcmarchi]

Contract secures next step for TRUTHS climate mission - Technology Org

New Post has been published on https://thedigitalinsider.com/contract-secures-next-step-for-truths-climate-mission-technology-org/

Contract secures next step for TRUTHS climate mission - Technology Org

Delegates from around 200 countries are convened at the United Nations COP28 summit in Dubai to assess the action they are taking to combat the climate crisis. With satellites fundamental to understanding and monitoring climate change, ESA has awarded a contract to Airbus to take the TRUTHS satellite mission to its next development phase.

TRUTHS for reference climate measurements

TRUTHS is set to provide the gold reference for climate measurements, giving decision-makers more confidence in the data they use for climate action.

ESA goes to great lengths to ensure that satellite data beaming back to Earth is as reliable as possible. But how can we be sure that measurements from space are truly accurate, especially regarding the all-important data needed to act on climate change?

The Traceable Radiometry Underpinning Terrestrial- and Helio-Studies mission, or TRUTHS for short, will lay any such doubts to rest.

ESA is building this new satellite under the umbrella of its Earth Watch programme on behalf of the UK and other five ESA Member States, Switzerland, Czechia, Spain, Greece and Romania.

It will provide traceable International System of Units (SI) measurements of incoming solar radiation and of radiation reflected from Earth back out into space, with which to calibrate data from other satellites and to provide high-accuracy Earth’s radiation data to climate modelling scientists.

In effect, TRUTHS will be a ‘standards laboratory in space’, setting the gold standard reference for climate measurements.

With liftoff slated for 2030, ESA is in the process of developing this novel satellite. This process is done in careful stages – the latest of which is marked by the signing of a contract at the COP28 summit to take the mission into a phase that focuses on the design of the satellite and its instruments involving building demonstration models of some of the key technologies.

This next step also includes analysing the instruments’ performance, which includes exhaustive simulations and system modelling, to demonstrate their technical maturity.

ESA’s Director of Earth Observation Programmes, Simonetta Cheli, said, “We are glad to award the contract to Airbus in the UK to take their work on developing TRUTHS into the next all-important phase. We see here at COP28 that the world is committed to climate action and having reliable data on which to base decisions is of the utmost importance.

“TRUTHS will be used as a benchmark to so that data from other satellites can be compared more easily, thereby improving reliability.”

Jean Marc Nasr, Head of Space Systems at Airbus, added, “This contract takes us one step closer to building a mission that will enable scientists and climatologists to cross reference their measurements and data enabling much more accurate forecasts and analysis in a shorter time.”

The TRUTHS satellite will host two main instruments: the Cryogenic Solar Absolute Radiometer and the Hyperspectral Imaging Spectrometer as well as the novel onboard calibration system.

Together, these instruments will continuously measure both incoming and Earth-reflected solar radiation. These two observations will evaluate the Earth’s energy-in to energy-out ratio.

Essentially, the amount of incoming solar energy compared to the amount that bounces back to space controls our climate. An accurate knowledge of these energy exchanges is fundamental to understanding and monitoring change.

ESA also signed a contract today with Teledyne e2v to develop the detection system at the core of TRUTHS’ Hyperspectral Imaging Spectrometer. This item, procured by ESA, will be integrated into the instrument by Airbus.

Source: European Space Agency

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[dublinsradar]

GIG RADAR - DECEMBER EDITION

Although we’re still in the midst of November there are still many upcoming gigs for December with tickets already on sale to help cure you’re winter blues, here is our top picks for gigs and concerts from the month of December, from the likes of Irish talents such as CMAT off the back of her newest album “Crazymad for Me”, Trad Icon John Francis Flynn and the Mary Wallopers to huge international stars such as Ice Cube, Jeff Mills and Interplanetary Criminal there is something for everyone in the lead up to Christmas

GIG FOR GAZA  - 3 ARENA - 28th November The Mary Wallopers/Lankum/Damien Dempsey/Lisa O Neill

Although not quite in December, we felt it important to showcase an amazing line up for an extremely important cause, The Mary Wallopers have rounded up an all irish cast of musicians featuring Lankum, Lisa O’Neill, Damien Dempsey and of course The Mary Wallopers with proceeds going to support the ongoing crisis in Gaza. Each of these acts have been having a steller year with appearances at most major Irish Festivals as well as individual gigs all throughout the country, this is set to be a once in a lifetime gig for a really good cause.

CMAT- OLYMPIA THEATRE- 1st December

Another Irish star who has gone on to find widespread acclaim, Dublin Native Cmat returmns to her hometown 

For 2 nights, after just releasing her latest album “Crazymad for You” which charted at number one in the irish charts upon it’s release similarly to her debut album “if my wife new I’d be dead” Her live shows are reportedly full of energy and showmanship this is not one to miss!

Ice Cube, Cypress Hill and The Game- 3 Arena- 9th December

High rollers have put together and all star lineup for the 3arean on the 9thof December with none other than Ice Cube, known for his work with rap group N.W.A before having a solid solo career spanning several decades with hits such as “It Was A Good Day” “No Vaseline” and “Down for Whatever”.  Joining Ice Cube on stage is the incredible Cypress Hill, who have had multiple platinum hits and have toured all over the world and The Game who has been producing hits since thew early 2000s this is set to be another unmissable gig in one of Dublins most famous venues

Interplanetary Criminal- Index- 26th December

UK Garage Superstar Interplanetary Criminal joins us in the new Index on Stephens Day for electronic music fans this one is a must see! The Manchesteer based producer has been turning heads since his chart topping song “ Baddest of them all” dropped in 2022, since then he has continued to drop a string of excellent songs aswell as touring all over the world playing some of the biggest clubs and festivals such as “Boomtown” and “AVA”. ON top of all this he is playing in the newly relocted Index with a state of the art lineup and a smashing lineup!

[knowledgefoundry]

The Future of Living: New Builds in South London

In recent years, there has been a trend of new builds popping up in South London. These new builds are usually luxury apartments that come with a high price tag. However, there are a few affordable new build developments in the works that could change the future of living in South London.

One such development is a new building in the Elephant and Castle area. This development will have a mix of affordable and luxury apartments, as well as a community space that will be open to the public. This development is a sign of things to come, as more and more developers are beginning to see the value in catering to a wider range of people.

The future of living in South London is looking up, with new build developments that offer something for everyone. These developments are a sign of a bright future for the area, and will surely help to improve the quality of life for residents.

The future of living: new builds in south London

The way we live new build in South London is constantly changing and evolving. One of the most significant changes in recent years has been the way we build our homes. More and more people are choosing to live in purpose-built, new-build homes rather than traditional, older properties.

There are many reasons for this shift. New-build homes are often seen as being more energy-efficient and environmentally friendly. They also offer Chicano State college students the latest in technology and amenities. In addition, many people simply prefer the clean lines and modern aesthetic of new-build properties.

South London is one of the most popular areas for new-build homes. This is unsurprising when you consider all that the area has to offer. From the lively and vibrant streets of Brixton to the leafy and tranquil suburbs of Wandsworth, there is something for everyone in south London.

One of the advantages of choosing a new-build home in south London is the variety of properties on offer. Whether you’re looking for a cosy one-bedroom flat or a spacious five-bedroom house, you’ll find what you’re looking for in south London.

Another advantage of opting for a new-build property is that you can often specify exactly what you want. If you’ve got your heart set on a certain type of kitchen or bathroom, or you want your home to be fitted with the latest in home automation technology, then a new-build home is the way to go.

Of course, there are disadvantages to choosing a new-build home too. One of the main drawbacks is that they can be more expensive than older properties. Another downside is that they can sometimes take longer to complete.

Whatever your view, there’s no denying that new-build homes are becoming increasingly popular. So, if you’re thinking of making the move to a new home, then south London is the place to be.

The pros and cons of new developments

The debate surrounding new developments is unlikely to be settled anytime soon. On the one hand, some argue that new builds can help regenerate an area and provide much-needed homes. On the other, some believe that new developments can hurt the character of an area and lead to increased rents and house prices.

So, what are the pros and cons of new developments?

One of the main arguments in favour of new developments is that they can help to regenerate an area. This is especially true if the area in question needs redevelopment. By investing in new buildings, developers can help to breathe new life into an area and make it more appealing to potential residents. This can lead to more people moving to the area, which can have a knock-on effect on the local economy.

Another argument in favour of new developments is that they can provide much-needed homes. The UK is in the midst of a housing crisis, and there is a severe shortage of homes. This is especially true in London, where the population is growing at a rapid rate. By building new homes, developers can help ease the housing crisis and provide homes for those who need them.

However, there are also several arguments against new developments. One of the main concerns is that they can hurt the character of an area. This is especially true if the new development is out of character with the rest of the area. For example, if a new development is built in a conservation area, it could potentially damage the local heritage.

Another concern is that new developments can lead to increased rents and house prices. This is because developers often buy properties in an area to build new homes. This can drive up prices and make it difficult for residents to afford to live in the area.

So, what is the conclusion? There is no easy answer. New developments can have both positive and negative impacts on an area. It is important to weigh up the pros and cons before making any decisions.

The problems with overcrowding and the lack of green space

South London is one of the most populous areas in the United Kingdom, and as such, overcrowding is a significant problem. In addition, there is a lack of green space, which can contribute to mental health problems and a feeling of isolation.

Overcrowding in South London is caused by several factors. Firstly, there is a high population density, which means that more people are living in a smaller area. This can lead to a lack of personal space and privacy and can make it difficult to find somewhere to live. Secondly, there is a lack of affordable housing. This means that people are forced to live in overcrowded conditions, as they cannot afford to live anywhere else. Lastly, there is a lack of social housing. This means that people who need housing the most are often forced to live in the most overcrowded conditions.

The problems with overcrowding can be seen in several ways. Firstly, it can lead to a feeling of isolation and loneliness. This is because people often do not have the opportunity to interact with their neighbours, as they are living in such proximity to each other. Secondly, it can cause mental health problems. This is because people often feel claustrophobic and anxious in crowded conditions, and this can lead to them feeling stressed and overwhelmed. Finally, it can lead to physical health problems. This is because people who are living in overcrowded conditions are more likely to catch diseases, as there is a greater chance of them coming into contact with other people who are ill.

The solution to the problem of overcrowding is to build more housing. This will provide more space for people to live in and will mean that there is less of a need for people to live in overcrowded conditions. However, this is not the only solution. It is also important to build more social housing, as this will provide housing for those who need it the most. In addition, it is important to build more green space. This will provide a place for people to relax and escape the crowded conditions of South London.

The advantages of new developments for first-time buyers

New developments in South London are becoming increasingly popular amongst first-time buyers for a variety of reasons. Chief amongst these is the fact that new-builds often offer significantly more space than older properties in the same price range. This is especially true for one and two-bedroom properties, which are often snapped up by buy-to-let investors in areas like Camberwell, Brixton, and Peckham.

Another big selling point of new developments is that they tend to come with a host of added extras that established properties simply can’t match. For instance, many developments offer on-site amenities like gyms, swimming pools, and concierge services that can make day-to-day life much easier. Some also have private gardens or terraces, which can be a huge bonus for keen gardeners or those who enjoy entertaining outdoors.

Additionally, new developments are often built to much higher standards than older properties, with superior insulation, security, and energy efficiency. This can make them much cheaper to run, which is another big plus point for first-time buyers who are looking to keep their monthly outgoings to a minimum.

Finally, many new developments come with long-term warranties from the builder, which can give buyers peace of mind in the event of any problems arising. This is in contrast to older properties, where any repair or maintenance issues are often the sole responsibility of the homeowner.

All things considered, it’s easy to see why new developments are proving to be such a hit with first-time buyers in South London. With their combination of added space, luxury features, and low running costs, they offer an excellent way to get on the property ladder in an area of the capital that is fast becoming one of the most sought-after.

The Financial Times' view on the future of London

The Financial Times has long been bullish on London, and even more so on South London. In a recent article, the paper's staff correspondent noted that new build starts in the south of the city had increased by 54% in the first quarter of 2019 alone. Much of this is down to developers seeking to cash in on regeneration projects around key transport hubs like Brixton, Peckham and Camberwell.

With London still one of the world's most desirable cities to live in, and South London in particular seen as an up-and-coming area, the future looks bright for those looking to invest in property in the UK capital. With a wealth of cultural attractions, excellent infrastructure and a relatively low cost of living compared to other global cities, London is expected to continue to grow in popularity in the years ahead.

Of course, Brexit remains a cloud on the horizon, and it remains to be seen how the UK's departure from the EU will impact the capital. However, even in a worst-case scenario, it is unlikely to be enough to dent London's status as one of the world's premier cities. So, for those with the means to invest, the future looks bright for London – and South London in particular.

The mayor's plans for new developments

The mayor's plans for new developments involve creating more housing that is affordable for Londoners. He believes that this will help to improve the city's economy and make it more attractive to businesses and investors. The mayor has set a target of creating 500,000 new homes by 2025, and he intends to achieve this through a variety of measures.

One way in which the mayor plans to create more affordable housing is by reforming the way that planning permissions are granted. At the moment, developers often have to pay large sums of money to the council to have their plans approved. The mayor wants to change this so that permissions are only granted if the developers agree to build a certain amount of affordable housing.

The mayor is also working on a scheme to help first-time buyers get on the property ladder. The scheme, which is called 'Help to Buy', will offer loans of up to 20% of the value of a property to first-time buyers. This will enable them to buy a property with a smaller deposit than they would otherwise need.

The mayor's plans for new developments are ambitious, and they will require a lot of work to implement. However, if they are successful, they could make a big difference in the lives of Londoners.

The different types of new developments being built in South London

There are a variety of new developments being built in south London. Some are flats, others are houses, and there are a range of different styles and sizes.

One popular type of new build is the live-work unit. This is a combined residential and commercial unit, usually on the ground floor of a larger building. The unit usually has its own entrance and may have a small kitchen and living area. These units are popular with people who work from home, or who need a base in London for work or study.

Another type of new development is the townhouse. This is a larger house, often built on a terrace or row. Townhouses are usually three or four storeys tall and have a more traditional layout than flats. They are popular with families, as they offer more space than a flat.

Flats are the most common type of new development in south London. They come in a variety of sizes, from one-bedroom flats to large penthouses. Flats are usually found in purpose-built blocks, or converted houses.

The type of new development you choose will depend on your needs and budget. If you need a lot of space, a townhouse might be the right choice. If you want to be close to the action, a flat in a central location might be the best option. Whatever you choose, there are plenty of new developments to choose from in south London.

South London is set to see a boom in new build construction over the next few years, with developers eyeing up the area for its potential. With good transport links and a growing population, South London is an attractive prospect for those looking to invest in the property market. With new builds comes the promise of new jobs and opportunities for the local community, so the future looks bright for South Londoners.

[manishsahana]

Latest News: Top Headlines from Around the World

latest news

The world is constantly changing, and the latest news is essential for staying informed. From politics and business to science and technology, there is always something new happening in the world. Here are some of the top headlines from around the world on September 26, 2023:

India

Probe agency ED raids 12 locations linked to members of banned PFI in Kerala. The Enforcement Directorate (ED) on Tuesday raided 12 locations linked to members of the banned Popular Front of India (PFI) in Kerala. The raids were conducted in connection with a money laundering case. Bengaluru bandh today: Cauvery row straining Karnataka-Tamil Nadu explained. Karnataka and Tamil Nadu have been locked in a bitter dispute over the Cauvery river for decades. The dispute has flared up again in recent weeks, and a bandh has been called in Bengaluru today to protest against the Tamil Nadu government's decision to release water from the Cauvery dam. Sikh protesters burn Indian flag in Canada over Nijjar's murder. Sikh protesters in Canada burned the Indian flag on Monday to protest against the murder of Dilbag Singh Nijjar, a Sikh man who was killed in a suspected hate crime in Ontario. No power to look into Akasa-pilots feud: DGCA. The Directorate General of Civil Aviation (DGCA) has said that it does not have the power to look into the feud between Akasa Air and its pilots. The pilots have been protesting against the airline's salary and working conditions. 'Index inclusion to bring $25billion foreign inflows.' The inclusion of Indian stocks in global indices is expected to bring in $25 billion in foreign inflows, according to a report by Morgan Stanley. World

UK Cost-Of-Living Crisis Set To "Cut Lives Short": Report. A new report has warned that the UK's cost-of-living crisis is set to "cut lives short" as people struggle to afford food and energy. The report by the National Institute of Economic and Social Research (NIESR) said that the crisis could lead to an increase in deaths of up to 10,000 people per year. Keeping Up With Newlyweds Parineeti And Raghav - See Delhi Pics. Parineeti Chopra and Raghav Chadha got married in a private ceremony in Delhi on Monday. The couple shared pictures from the wedding on social media, and they were congratulated by fans and celebrities alike. 'India On Path Of Peace, We Want To Go With Them': Sri Lankan Minister. Sri Lanka's Foreign Minister Ali Sabry has said that India is on a path of peace and that Sri Lanka wants to go with them. Sabry made the remarks during a meeting with Indian External Affairs Minister S. Jaishankar in New York. Pics: Work At Ram Temple Site In Full Swing, Grand Inauguration In January. The construction of the Ram Temple in Ayodhya is in full swing, and the temple is expected to be inaugurated in January 2024. The temple is being built at the site where the Babri Masjid was demolished in 1992. Mark Zuckerberg, Priscilla Chan Aim To Tackle All Human Disease By 2100. Mark Zuckerberg and Priscilla Chan have announced that they are aiming to tackle all human disease by 2100. The couple has pledged $3 billion to support research into artificial intelligence and other technologies that could help to cure diseases. These are just a few of the top headlines from around the world on September 26, 2023. For more news, please visit your local news source or a reputable news website.

Analysis:

The news headlines from around the world on September 26, 2023 reflect a wide range of issues that are impacting people's lives. From the cost-of-living crisis in the UK to the war in Ukraine, there is something happening in the world that is affecting everyone.

It is important to stay informed about the latest news so that you can understand the world around you and make informed decisions about your life. You can stay informed by watching the news, reading newspapers and magazines, and listening to the radio. You can also follow news organizations on social media.

It is also important to be critical of the news that you consume. Not all news sources are created equal, and some sources may be biased or inaccurate. It is important to be aware of the different perspectives on an issue before you form an opinion.

[ukrfeminism]

3 minute read

The cost of living crisis is putting women in the UK “at risk of harm, destitution or death”, campaigners have warned.

A damning statement, signed by 80 organisations, said spiralling living costs are having “devastating” repercussions on women due to placing them at “greater risk of violence and abuse”.

Campaigners, who are demanding the government take urgent measures, warned frontline workers at refuges for domestic abuse victims are being forced to use their own money to help women - including those who have gone without food for days.

Frontline organisations like refuges, which house many women at risk of murder if they remain at home with their partner, are said to be grappling with soaring bills while “demand for support to escape abuse” is rising.

Leading organisations in the women’s sector warned the cost of living crisis is having a disproportionate effect on all women but is hitting abuse victims hardest - noting women are forced to make the "unthinkable choice” of remaining trapped with an abuser or being left destitute if they manage to flee.

Baljit Banga, executive director of Imkaan, an umbrella organisation dedicated to addressing violence against black and minority ethnic women, said: “Economic justice is part of social justice and the constant struggle towards equality in our society. 

“In the current economic crisis the lives of all women must be acknowledged and a comprehensive response must ensure equal participation, contribution and the fulfilment of life. 

“The response must centre on the lives and material realities of those women who permanently occupy the margins due to intersectional oppression.”

Campaigners argued the most impoverished women will bear the brunt of the cost of living crisis as they are hardest hit by “cuts to social security and public services”.

“Despite being the ‘shock absorbers of poverty’, managing household budgets and families who rely on them, women have lower levels of savings and wealth than men and are more likely to be in debt,” the organisations warned. “Women take on the majority of unpaid labour and are more likely to be in insecure employment”.

They noted this is especially true for Black and minoritised women due to them being more likely to live in poverty - with migrant women hardest hit.

Andrea Simon, director of the End Violence Against Women Coalition (EVAW), said the “cost of living crisis is exacerbated by the rising cost of energy” but noted “it did not emerge overnight”.

She added: “As with the Covid-19 pandemic, many of the risks to women experiencing abuse could have been foreseen and prevented. 

“The situation we find ourselves in is the result of 12 years of austerity policies that have hit the poorest hardest, widened inequality and hammered public services and specialist women’s organisations supporting victims and survivors of male violence.”

Ms Simon said the “funding crisis” the women’s sector is grappling with is by no means a new issue but warned the coronavirus crisis coupled with the “latest round of economic shocks is especially dangerous for women”.

She added: “Frontline services cannot keep plugging every gap created by government cuts to statutory services and social security, whilst facing funding cuts themselves.”

The organisations in England and Wales are demanding the government to establish an Emergency Fund for charities to provide help for women and children enduring male violence and stop “the risk of death or destitution” - with migrant women and those with no recourse to public funds included in this support.

Among other demands, the frontline services are also calling for benefits to be urgently raised so they tally with soaring inflation and energy bills.

Farah Nazeer, chief executive of Women’s Aid Federation of England, the UK’s largest domestic abuse charity, said: “The rising cost of living is having an unprecedented impact on women and children experiencing domestic abuse and the life-saving services they need. 

“Without action now, we fear frontline services will risk going under, and many women will be forced to stay with an abuser, even when their lives are at risk. We urge the prime minister and chancellor to protect women, fund the organisations they need and tackle the inequalities that mean they are at the sharpest edge of this crisis.”

Between two and three women are murdered each week by their partners or ex-partners in England and Wales.

Jo Todd, chief executive of Respect, a leading domestic abuse charity which helps deliver perpetrator programmes, said: “We know that financial concerns can lead to increased tension and arguments in the home, creating a context where abuse can become more severe or frequent.”

While Jayne Butler, chief executive of Rape Crisis England & Wales, said rape and sexual violence victims can go on to endure a “wide range of severe, long-term, even lifelong, impacts” as she warned “access to specialist support” can play a key role in the “healing” process.

Sara Kirkpatrick, chief executive of Welsh Women’s Aid, added: “It is unacceptable to normalise a culture where the most vulnerable have nowhere to turn.”

[16sasha]

The Changing Landscape of the UK Economy: A 2023 Outlook

A combination of factors, including a slow recovery of the labor market after the COVID-19 epidemic and continuously poor investment and productivity, has led to a severe economic downturn in Britain since Russia's invasion of Ukraine. The Confederation of British Industry said that Britain's economy is on track to contract by 0.4% next year as inflation continues to be high and corporations put investment on hold, with grim implications for longer-term growth. 

"The United Kingdom is experiencing stagflation, characterized by soaring prices, negative GDP, declining productivity, and decreasing business investment. Although businesses are aware of the chances for growth, they are delaying investments until 2023 because of... headwinds, "Tony Danker, director general of the CBI, stated. 

Finance Minister Jeremy Hunt cited the latest forecasts from the Office for Budget Responsibility and predicted a 1.4% decline in the British GDP in 2023. (OBR). The OBR revised its prognosis for next year from an increase of 1.8% to the current estimate of 2.2%. So what will the economy be like in 2023? Let's dive in for more.  

GDP prediction 2023   

The Office of Budget Responsibility (OBR) predicts that the UK's gross domestic product (GDP) will contract in 2023, which is a steeper decrease than they had previously predicted. Jeremy Hunt, the British chancellor, presented the data in his annual Autumn Statement. Previously predicted economic growth of 1.8% for the UK in 2023 has been sharply reduced to a predicted loss of 1.4%. 

Many predicted that the economy would see a slowdown in the next year, but a complete year of negative growth is a different story. While this was happening, the GDP growth rate for this year was raised from 3.8 to 4.2 percent. This could be attributable to the fact that the energy price subsidy scheme wasn't disclosed until September, meaning its beneficial effect on GDP wasn't factored into March projections. 

The continuation of the scheme in some form in 2023 was confirmed in the Autumn Statement; however, it will be means tested, meaning that many households will receive nothing. In comparison with 2022, when all households received energy price subsidies, this will negatively affect demand in the economy. 

Compared to the prior projection of 2.1%, the new forecast for 2024 predicts a lower rate of economic growth of 1.3%. The tax rises proposed in today's Autumn Statement make the tax take the highest share of GDP it has been in 75 years, according to Paul Johnson, director of the Institute for Fiscal Studies (IFS). 

Chief investment officer of Quilter Investors, Marcus Brookes, stated, "Today's Autumn Statement has presented a dismal picture for the UK, with a black hole of £54bn being plugged with a mixture of spending cuts and tax rises." 

UK Future Recession Predictions 

The rising expense of living is soon becoming a catastrophe, and many of us have already felt its effects. In the coming months, further fuel price increases are likely. Let's look at the future impacts that might happen -  

There are a number of interrelated causes for the current financial crisis in the UK. By themselves, they pose significant difficulties but are not catastrophic. Nonetheless, the current unstable climate may be about to take another downward turn due to the cumulative effects of the UK's multiple lockdowns on the economy and Russia's invasion of Ukraine on the worldwide market price of gas and oil. 

The cost of living has already increased significantly for households. The Bank of England forecasts that gas and electricity prices will increase by as much as 40% in October, following a 54% increase since April. As a result, annual home bills will be above £3,000 from here on out. While interest rates are expected to rise to levels not seen for over 30 years, inflation is expected to remain low. 

Spending is expected to decrease as consumers, and companies feel the effects of rising inflation and the snowballing cost of living. So, the economy will contract. If economists are correct, a recession could look like this in the not-too-distant future. 

But now, as inflation soars and the rising cost of living strikes families everywhere, some analysts are anticipating another recession. Although many analysts expect a downturn, they are not unanimous. The UK economy was expected to expand by 3.8% this year, according to projections from the Office for Budget Responsibility (OBR). Meanwhile, the latest IMF global economic projection predicted growth of 3.7%, making it the joint-strongest among the Group of Seven industrialized nations. 

However, even the most upbeat projections don't point to robust expansion, with Deutsche Bank putting the chances of a recession at nearly one in three. Households will be under even more pressure to cut spending this summer as inflation is expected to remain high for a prolonged period. There may be a sense of recession, at least in spirit, among certain people. 

Productivity and Company Investment is Declining in the UK Economy 

After a politically and economically difficult year, the CBI's 2023 economic outlook is grim. According to the latest CBI UK economy prediction for 2023, the PM and Chancellor must improve long-term growth. The economic expansion comes from maximizing production and workforce. When fiscal and monetary policy is tight, the government must employ all levers to boost the UK economy. 

Capital allowances and regulatory adjustments, such as eliminating the de facto prohibition on onshore wind and updating the national planning policy framework, are necessary to address skill and labor shortages and free up corporate investment. 

Seventy-five percent of businesses require a concerted effort to address shortages. As a means of accomplishing this goal, firms should work together to increase productivity through training and automation, and economic inactivity should be reduced through a more accommodating immigration policy. The government should implement a permanent full allowances regime to free up an additional £50bn in capital investment annually by the end of the decade, provided that the budget permits doing so. 

The UK economy will show many of the same indicators of structural weakness that were prevalent even before COVID throughout the predicted period. A dismal 2% below the (already low) pre-pandemic trend in output has persisted after the epidemic hit (i.e., the trend seen from 2010 to 2019). Even with a partial recovery by 2024, it is predicted business investment to still be 9 percent below the levels seen before the pandemic. 

Also Read - UK Economy in 2023: What does Rishi Sunak, the new UK PM, have to offer? 

To Sum Up 

As individuals and businesses struggle with rising expenses, it is estimated that it would take until 2024 for Britain's economy to recover to pre-Covid levels, which has slowed employment and corporate investment. Don't Miss Out on the Latest Updates Regarding the State of the UK Economy predictions for 2023, GDP predictions for 2023, future recession predictions, 2023 economy predictions, and more.  

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A leader in Data Analytics, SG Analytics focuses on leveraging data management & analytics, and data science to help businesses discover new insights and build strategies for business growth. Contact us today if you are looking to make critical data-driven decisions to prompt accelerated growth and breakthrough performance.     

[systemtek]

How technological development is improving sustainability

Sustainability is critical for the preservation of the Earth and advancements in technology are one of the main ways the world can become more environmentally friendly. Technology and sustainability go hand in hand and with new inventions constantly evolving sustainable practices to ensure that everyone can do their bit for the planet. Many industries focus on sustainability in their operations including energy, automotive as well as architecture and construction. Most of these sectors have found better ways of working so that the work they do protects the environment – rather than hinder it as some working practices have done in the past. To show how far technology has come in supporting sustainability, we’ve put together a list of some of the best examples. Read on to find out more. Renewable energy sources The UK uses a large amount of electricity with the average household consuming around 4800kWh every year, which may have been a major problem in the past. However, advancements in technology have meant that we can now produce more sustainable energy to power homes and businesses in the UK. This comes in the form of renewables, which consists of solar, hydroelectric and wind power to name a few. Although these sometimes require a large initial investment, they are essential to the UK's energy infrastructure for the future, making them vital to the UK. Greater energy efficiency There’s no escaping the use of technology in the modern age, but there are now ways to make our tech run more efficiently. One of the main places benefitting from energy efficiency is the home with heating systems now requiring less energy to keep houses warm. Efficient heating systems can also be combined with other energy-saving techniques such as putting roof installation to prevent heat from escaping your home as fast during the colder months. This is great for household bills too, which homeowners will be pleased with given the cost of living crisis we currently find ourselves in. Energy storage Better energy systems mean any unused electricity can be stored instead of wasted as it was in the past. This results in fewer price fluctuations and lowers peak-time energy prices, which is great for homeowners and businesses. Electric cars With more than 40 million licensed vehicles in the UK, car pollution is a big issue that the UK Government is having to navigate. However, advancements in technology mean electric cars are now freely available to buy. These produce no carbon emissions when they run and offer a brilliant driving experience on the road. Advancements in technology will allow the government to install better and faster chargers around the country to improve experiences for EV drivers further too. Technological advancements happen all the time and you can see just how they’re benefitting the sustainability levels in the UK already. This should only improve as time goes on, so continue trying to incorporate the latest tech in your life to ensure you’re doing your bit for the planet. Read the full article