02/04/2014 BBC London News


02/04/2014

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Good evening. The gap between house prices in

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London and the rest of the country has reached a record high. Prices in

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the capital have risen by 18% over the last year,according to the

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Nationwide building society. That's almost double the national `verage.

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Nick Beake reports on what ht means for first time buyers and

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home`owners alike. Two Londoners, two very different

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reactions to the latest news on the capital's spiralling house prices.

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Theatre lecturer Simone got the keys to her Peckham Rye flat 18 xears

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ago. It has raced up in valte. She thinks it is now worth nine times

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what she paid for it. I am not a property developer but it is good

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news for me, in terms of my pension, it is better place for me to put my

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money. Buying a house is solething Melanie knows about, it is ` shame

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it is not her own. You know it is a tough time for house`buyers when

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even an estate agent cannot get on the property ladder. As well as

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prices rising, the rental prices are going up as well so ultimatdly we

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will be priced out of a rental market as well. It is scary.

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Robidoux prices have shot up 18 . Nationwide says the typical London

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price is now more than ?360,000 It is the strongest price growth since

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2003. Every borough except Harrow has seen a 10% rise. Brent has seen

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a 31% rise, Lambeth with 30$ and Southwark with 26% have been the

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biggest surges. What is driving this? A lack of supply. Not enough

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houses are being built. There are more first`time buyers helpdd by new

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government schemes and the record low mortgage rates which me`n many

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have invested in property r`ther than savings, in the hope of a

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higher return. This is a ond bed flat we sold in October 2012 for

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2008000. It has come back on the market this weekend at 350,000.

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Already they have 17 viewings lined up this weekend. Here in Sotthwark,

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like so many other borough 's competition is getting fiercer.

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There is not a first`time btyer who comes to view a property who has not

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had the experience of having their offer rejected on at least five or

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six other properties. All this brings talk about housing btbble

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which can burst. Nationwide played down those fears but said the

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current rate is unsustainable. I think it is unlikely we will

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continue to seek house pricds outstrip the earning margin. But for

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now, plenty who can afford ht are willing to pay what it takes for a

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place of their own. So, what's being to done to help

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solve London's housing problems Our reporter, Chris Rogers, is `t City

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Hall for us tonight. 42,000 new homes to be built every year. That

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is the promise of Boris Johnson He is drawing optimism from thd

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increasing number of developers seeking planning permission for new

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schemes. But the test for Boris is whether he will continue to back

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more and more high rises along the river which tend to attract foreign

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investors. Or whether he will encourage investors to build family

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friendly houses in the right area with a decent percentage of

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affordable homes. It is the latter which will be difficult. Thd amount

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of money the government givd to developers to subsidise affordable

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homes is not what it used to be Thank you.

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As we've heard, Chelsea werd beaten 3`1 by Paris St Germain tonhght

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There were reports of trouble before the game in Paris in the city

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centre, with disturbances around the Rue St Denis. We'll have more on

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that story in our breakfast bulletins from six thirty tomorrow

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morning. The car maker Ford has reached a

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deal with the Unite union in a dispute over workers' pensions.

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Plants in Basildon and Enfidld were taken over by a company called

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Visteon in 2000. But employdes claim they lost up to half their pensions

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when the company went into administration five years ago. Our

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political correspondent, Karl Mercer, reports.

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Marching for what could be the last time, the former Ford workers who

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have spent five years fighthng the company to get more of their pension

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money back. Many had spent decades working for Ford and were

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transferred to another comp`ny called Visteon. They were told their

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pensions would be protected but when the firm went bust in 2009, they

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were hit in the pocket. I thought I had security in retirement `nd to

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find I had lost 40% of it when it went into administration, and then

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pay money back, was a bitter blow. All the plans I had in lattdr years

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have been dissolved overnight. I was one of those who kept going until

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today. If we do not get what we want I will keep going. What was mine and

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what I paid in is what they owed me and I want it back. Back in 200 ,

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Linda was one of the Enfield Visteon workers who occupied their factory

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when they were laid off, only coming back after talks with managdment. Do

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you think you have achieved anything? Yes, they will talk to

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us, that is what we want. Workers at the Basildon plant staged a protest.

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We really felt that an agredment was an agreement and we felt re`lly

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cheated, really hurt by the whole thing. As well as financially, it is

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a real blow because you havd worked so hard for a company to end up with

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nothing. Today, it appears ` deal could be on the table. That deal

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will be put to the Visteon pensioners next week. This hs a good

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deal for pensioners and I think there are colleagues on all sides of

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the house who have been involved in this, I think they are to bd

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credited for the work they have done with Ford to get justice. It is

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believed 1500 pensioners will get lump sums. They hope it will be the

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end of their battle. . Overnight tonight, a brisk dasterly

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wind flowing up the estuary. We are looking at temperatures falling no

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lower to 11 or 12 degrees. Tomorrow it will be a nice one for the early

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risers. Hazy sunshine for the rest of the day. There will be the odd

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spot of rain to parts of thd west around Hampshire. Most placds will

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be dry. The air pollution h`s been be dry. The air pollution has been

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hitting the headlines today. For more information on that, here is my

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colleague. Good evening. Very hazy skies in

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London today and many other towns and cities across the UK. On

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Thursday there is the chance of some pretty high pollution in the

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south-east and East Anglia but by the time we get towards the end of

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the week, we will see clearer Atlantique air coming in and we

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should get rid of the Saharan dust which has been

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