UK faces £1.7million EU Payout
The UK is facing a demand to give an extra £1.7 billion contribution to the EU.
Due to the UK’s relative economic success, it will have to cough up more money to support other European countries that have failed to recover from the financial crisis.
The cash payout amounts to around a fifth of the UK’s normal net contribution to the EU.
Councils want to end the ban on school’s ban on term-time holidays
The local government association is calling for new powers for head teachers, claiming they should be able to make the call on school children taking term time holidays.
It said a ‘common sense’ approach should be taken, when it comes to special occasions.
At the moment, parents who take their children out of school face an automatic fine.
Half of British renters will never be able to afford a home
In London the average house price is £500,000.
So it is no surprise that renters get stuck in a spending spiral, rather than saving.
More than half renters in the whole of Britain say they have plans to buy their own home, but the biggest thing preventing them to do so is the large deposit that has to be saved initially.
Last week, the National Housing Federation published a report saying only Londoners earning more than £100,000 a year can afford a typical mortgage.