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PM's plan to turn closed-down shops into houses

PM's plan to turn closed-down shops into houses

Business
The Government will make it easier for shops to be turned into houses as the Prime Minister insisted she is "determined" to tackle Britain's housing crisis.Following a speech setting out how ministers hope to boost house-building, Theresa May revealed closed-down high street retail units could be converted into residential properties.Although the Prime Minister pointed to "protection" for UK high streets among Government action, she highlighted how "retailing is changing as more and more people buy goods online"."One of the elements of the new planning rules we are setting out is to make it easier for shops to be turned into housing, if that's appropriate, but also for development above retail units to take place," Mrs May added."Often, there's a very good argument for having homes being d...
PM's promised energy price cap will expire in 2020

PM's promised energy price cap will expire in 2020

Business
The Prime Minister's cap on energy prices to protect households from rip-off bills will be a "temporary measure", it has been revealed.In a statement to financial markets, ministers revealed their plans to publish a draft law later on Thursday to cap energy prices for those on a standard variable tariff and other default tariffs.But the law will expire in 2020, it was disclosed."The cap would be a temporary measure, having effect initially until the end of 2020," the statement added."The need for it would be kept under review, and extensions could be made, on the advice of Ofgem, up to the end of 2023 at the latest."If passed, the proposed legislation would force regulator Ofgem to impose an "absolute cap" as soon as possible.Video:4 October - Key announcements in May's speech overshadowed...