Browse content similar to 02/04/2014. Check below for episodes and series from the same categories and more!
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Good evening. The gap between house prices in | :00:13. | :00:17. | |
London and the rest of the country has reached a record high. Prices in | :00:18. | :00:21. | |
the capital have risen by 18% over the last year,according to the | :00:22. | :00:24. | |
Nationwide building society. That's almost double the national `verage. | :00:25. | :00:27. | |
Nick Beake reports on what ht means for first time buyers and | :00:28. | :00:35. | |
home`owners alike. Two Londoners, two very different | :00:36. | :00:41. | |
reactions to the latest news on the capital's spiralling house prices. | :00:42. | :00:45. | |
Theatre lecturer Simone got the keys to her Peckham Rye flat 18 xears | :00:46. | :00:50. | |
ago. It has raced up in valte. She thinks it is now worth nine times | :00:51. | :00:56. | |
what she paid for it. I am not a property developer but it is good | :00:57. | :01:00. | |
news for me, in terms of my pension, it is better place for me to put my | :01:01. | :01:06. | |
money. Buying a house is solething Melanie knows about, it is ` shame | :01:07. | :01:10. | |
it is not her own. You know it is a tough time for house`buyers when | :01:11. | :01:15. | |
even an estate agent cannot get on the property ladder. As well as | :01:16. | :01:19. | |
prices rising, the rental prices are going up as well so ultimatdly we | :01:20. | :01:23. | |
will be priced out of a rental market as well. It is scary. | :01:24. | :01:31. | |
Robidoux prices have shot up 18 . Nationwide says the typical London | :01:32. | :01:35. | |
price is now more than ?360,000 It is the strongest price growth since | :01:36. | :01:43. | |
2003. Every borough except Harrow has seen a 10% rise. Brent has seen | :01:44. | :01:51. | |
a 31% rise, Lambeth with 30$ and Southwark with 26% have been the | :01:52. | :01:58. | |
biggest surges. What is driving this? A lack of supply. Not enough | :01:59. | :02:04. | |
houses are being built. There are more first`time buyers helpdd by new | :02:05. | :02:08. | |
government schemes and the record low mortgage rates which me`n many | :02:09. | :02:12. | |
have invested in property r`ther than savings, in the hope of a | :02:13. | :02:17. | |
higher return. This is a ond bed flat we sold in October 2012 for | :02:18. | :02:27. | |
2008000. It has come back on the market this weekend at 350,000. | :02:28. | :02:30. | |
Already they have 17 viewings lined up this weekend. Here in Sotthwark, | :02:31. | :02:33. | |
like so many other borough 's competition is getting fiercer. | :02:34. | :02:39. | |
There is not a first`time btyer who comes to view a property who has not | :02:40. | :02:44. | |
had the experience of having their offer rejected on at least five or | :02:45. | :02:49. | |
six other properties. All this brings talk about housing btbble | :02:50. | :02:53. | |
which can burst. Nationwide played down those fears but said the | :02:54. | :02:59. | |
current rate is unsustainable. I think it is unlikely we will | :03:00. | :03:02. | |
continue to seek house pricds outstrip the earning margin. But for | :03:03. | :03:09. | |
now, plenty who can afford ht are willing to pay what it takes for a | :03:10. | :03:12. | |
place of their own. So, what's being to done to help | :03:13. | :03:16. | |
solve London's housing problems Our reporter, Chris Rogers, is `t City | :03:17. | :03:24. | |
Hall for us tonight. 42,000 new homes to be built every year. That | :03:25. | :03:30. | |
is the promise of Boris Johnson He is drawing optimism from thd | :03:31. | :03:33. | |
increasing number of developers seeking planning permission for new | :03:34. | :03:38. | |
schemes. But the test for Boris is whether he will continue to back | :03:39. | :03:41. | |
more and more high rises along the river which tend to attract foreign | :03:42. | :03:46. | |
investors. Or whether he will encourage investors to build family | :03:47. | :03:50. | |
friendly houses in the right area with a decent percentage of | :03:51. | :03:54. | |
affordable homes. It is the latter which will be difficult. Thd amount | :03:55. | :03:59. | |
of money the government givd to developers to subsidise affordable | :04:00. | :04:02. | |
homes is not what it used to be Thank you. | :04:03. | :04:05. | |
As we've heard, Chelsea werd beaten 3`1 by Paris St Germain tonhght | :04:06. | :04:08. | |
There were reports of trouble before the game in Paris in the city | :04:09. | :04:11. | |
centre, with disturbances around the Rue St Denis. We'll have more on | :04:12. | :04:15. | |
that story in our breakfast bulletins from six thirty tomorrow | :04:16. | :04:18. | |
morning. The car maker Ford has reached a | :04:19. | :04:21. | |
deal with the Unite union in a dispute over workers' pensions. | :04:22. | :04:25. | |
Plants in Basildon and Enfidld were taken over by a company called | :04:26. | :04:28. | |
Visteon in 2000. But employdes claim they lost up to half their pensions | :04:29. | :04:31. | |
when the company went into administration five years ago. Our | :04:32. | :04:34. | |
political correspondent, Karl Mercer, reports. | :04:35. | :04:43. | |
Marching for what could be the last time, the former Ford workers who | :04:44. | :04:47. | |
have spent five years fighthng the company to get more of their pension | :04:48. | :04:52. | |
money back. Many had spent decades working for Ford and were | :04:53. | :04:56. | |
transferred to another comp`ny called Visteon. They were told their | :04:57. | :05:00. | |
pensions would be protected but when the firm went bust in 2009, they | :05:01. | :05:05. | |
were hit in the pocket. I thought I had security in retirement `nd to | :05:06. | :05:13. | |
find I had lost 40% of it when it went into administration, and then | :05:14. | :05:18. | |
pay money back, was a bitter blow. All the plans I had in lattdr years | :05:19. | :05:25. | |
have been dissolved overnight. I was one of those who kept going until | :05:26. | :05:30. | |
today. If we do not get what we want I will keep going. What was mine and | :05:31. | :05:35. | |
what I paid in is what they owed me and I want it back. Back in 200 , | :05:36. | :05:42. | |
Linda was one of the Enfield Visteon workers who occupied their factory | :05:43. | :05:47. | |
when they were laid off, only coming back after talks with managdment. Do | :05:48. | :05:51. | |
you think you have achieved anything? Yes, they will talk to | :05:52. | :05:58. | |
us, that is what we want. Workers at the Basildon plant staged a protest. | :05:59. | :06:03. | |
We really felt that an agredment was an agreement and we felt re`lly | :06:04. | :06:07. | |
cheated, really hurt by the whole thing. As well as financially, it is | :06:08. | :06:11. | |
a real blow because you havd worked so hard for a company to end up with | :06:12. | :06:17. | |
nothing. Today, it appears ` deal could be on the table. That deal | :06:18. | :06:21. | |
will be put to the Visteon pensioners next week. This hs a good | :06:22. | :06:47. | |
deal for pensioners and I think there are colleagues on all sides of | :06:48. | :06:50. | |
the house who have been involved in this, I think they are to bd | :06:51. | :06:53. | |
credited for the work they have done with Ford to get justice. It is | :06:54. | :06:55. | |
believed 1500 pensioners will get lump sums. They hope it will be the | :06:56. | :06:57. | |
end of their battle. . Overnight tonight, a brisk dasterly | :06:58. | :07:09. | |
wind flowing up the estuary. We are looking at temperatures falling no | :07:10. | :07:15. | |
lower to 11 or 12 degrees. Tomorrow it will be a nice one for the early | :07:16. | :07:20. | |
risers. Hazy sunshine for the rest of the day. There will be the odd | :07:21. | :07:26. | |
spot of rain to parts of thd west around Hampshire. Most placds will | :07:27. | :07:29. | |
be dry. The air pollution h`s been be dry. The air pollution has been | :07:30. | :07:34. | |
hitting the headlines today. For more information on that, here is my | :07:35. | :07:40. | |
colleague. Good evening. Very hazy skies in | :07:41. | :07:44. | |
London today and many other towns and cities across the UK. On | :07:45. | :07:51. | |
Thursday there is the chance of some pretty high pollution in the | :07:52. | :07:54. | |
south-east and East Anglia but by the time we get towards the end of | :07:55. | :08:01. | |
the week, we will see clearer Atlantique air coming in and we | :08:02. | :08:05. | |
should get rid of the Saharan dust which has been | :08:06. | :08:07. |