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Plans to ban leaseholds on new-build houses in England

Plans to ban leaseholds on new-build houses in England

Business
"Unfair charges" levied on buyers of new-build houses could be banned in England under a proposed crackdown.Leaseholds on new-build houses would be outlawed, while ground rents could be dramatically reduced, under government plans subject to public consultation.Ground rents can double every decade, crippling home owners and in some cases making a property impossible to sell."Enough is enough. These practices are unjust, unnecessary and need to stop," said Communities Secretary Sajid Javid.The proposals, which are subject to an eight-week consultation, apply only to England.Mr Javid said that there were 1.2 million cases of houses on leasehold, and the situation of escalating costs was one example of a "broken housing market".He said the proposals would affect future sales, but those alread...
NHS plans to scrap homeopathy treatments

NHS plans to scrap homeopathy treatments

Health
NHS England has announced plans to stop doctors prescribing homeopathy, herbal and other "low value" treatments.It hopes to save almost £200m a year by ending what the head of the service called a "misuse of scarce" NHS funds. Prescriptions for conditions including diarrhoea, thrush, acne and acute pain are among those up for review.But the plans to scrap prescriptions for common health problems have been criticised by the Royal Pharmaceutical Society for hitting poorer families.The RPS argues that low earners will be "disproportionately affected".NHS England said 18 treatments - such as homeopathy and some types of pain relief - cost the taxpayer £141m a year and generally should not be prescribed.Simon Stevens, NHS England chief executive, said he was determined to "root out" waste and i
Electric car maker scraps plans for $1 billion Nevada plant

Electric car maker scraps plans for $1 billion Nevada plant

Technology
An electric car maker deserted its plan to construct a $ 1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader niche electric automobile businesses. Faraday Future Chief Financial Officer Stefan Krause said Monday's decision to scrap the plant was due to a shift in business strategy. The Gardena, California-based company said in a statement that it will now look for an existing facility to produce its electric vehicles in California or Nevada. Faraday Future halted work on the project outside Las Vegas last November, at the time calling the stoppage a "temporary adjustment" that wouldn't affect plans to begin production in 2018. It sunk more than $ 120 million into the project. "It can be somewhat hard to believe that a ...
'Cheaper' Heathrow airport third runway plans proposed

'Cheaper' Heathrow airport third runway plans proposed

Business
A wealthy businessman has submitted plans for a third runway at Heathrow which he says would be £5bn cheaper than the airport's current scheme.Hotel tycoon Surinder Arora has put his proposal to the government's public consultation on Heathrow.Ministers have expressed a preference for the airport's plans for a new runway and terminal costing £17.5bn.Heathrow said it was already considering some of the ideas, and wanted to lower the cost too.Arora Group's proposals include changing the design of terminal buildings and taxiways, and reducing the amount of land it is built on.Mr Arora said: "We want passengers to be at the heart of our plans and the current monopoly at Heathrow, which over-charges airlines and in turn raises fares for passengers, is not the right model for the future."Heathro
Japan plans to put man on the Moon by 2030

Japan plans to put man on the Moon by 2030

Technology
Japan has announced plans to send an astronaut to the Moon by 2030, as part of a new strategy for space travel in the country.If successful, the mission would be the first time the Japanese Aerospace Exploration Agency (JAXA) has sent a human being further than the International Space Station (ISS).While the station orbits approximately 200 miles (320 km) from Earth, the Moon is around 238,855 miles (384,000 km) away from our planet.In anticipation of the goal, Japan hopes to join a 2025 NASA-led mission to build a new space station in the Moon's orbit.A contribution of cutting-edge technology will give Japan an edge over other countries, hopefully guaranteeing a sought-after spot at the space station, the agency says.In October 2016 a crew of astronauts from Japan, the USA and Kazakhstan ...