Daily Paper Summary: Monday 26th August

Property

The number of homes planned for green-belt land has nearly doubled in a year according to the Campaign to Protect Rural England. More than 15,000 homes are planned along with 1,000 hectares of mines, offices and warehouses. The Times, Pg 2, Daily Mail, Pg 21; The Guardian, Pg 11. However, with property prices rising, most notably in London and the South East, due to increasing demand and a lack of supply, building more homes is the only feasible option to keep home ownership within reach of many.

Economic

The European Commission is said to be planning to use EU budget funds for the next rescue of Greece, meaning that Britain will have direct responsibility for shoring up the Eurozone currency structure. On Sunday Gunther Oettinger, Germany’s EU Commissioner, said that a third package worth over 10 billion Euros would be needed for Greece in 2014 and would partly come in the form of direct help rather than a debt haircut for existing creditors. The Daily Telegraph, B1.

Personal Finance

On average, children are picking up the most pocket money since 2007. A survey by Halifax also found that there has been a rise in the number of children receiving pocket money from 77% in 2012 to 84% in 2013 as families are starting to feel better about the economy. However, there seems to be a gender “pay gap” similar to that in the workplace with boys receiving more from their parents than girls. Daily Mail, Pg 26; The Independent, Pg 30; The Guardian, Pg 3; The Daily Telegraph, Pg 10.

Recruitment

Working grandmothers who help with childcare should get up to six months maternity leave or a chance to cut down on their hours, a report from the Institute of Public Policy Research suggests. The moves is aimed at the so called “sandwich generation”, women in their 50s and 60s who are helping children out with childcare as well as caring for an elderly relative. Daily Mail, Pg 9.

Jobseekers in northern England could finally be getting a break, according to a new survey from Adzuna. In July salaries on advertisements rose 1.8 per cent in the North-west, 1.6 per cent in the North-east but just 0.9% in the Capital. Flora Lowther, of Adzuna, commented that construction and manufacturing sectors were propping up the jobs market in that part of the country with some indication that the government’ s efforts to revitalise the economy outside of London are starting to take effect. The Independent, Pg 50.

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