The Royal Institution of Chartered Surveyors (Rics) has cautioned that the UK is facing a ‘critical rental shortage’ and has called on the government to offer tax breaks to encourage building and investment in the sector.
The surveyor’s body has claimed that at east 1.8 million more households will be looking to rend as opted to buy in 2025. It is also cited statistics which showed that the number of UK households renting property rose from 2.3 million in 2001 to 5.4 million in 2014.
Aberdeen Council is set to consult on plans to create a £120 million ‘waste to energy’ plant to deal with 150,000 tonnes of rubbish produced by the region each year.
MSPs are set to examine the payments received by election returning officers in Scotland following calls for reform of the system, which sees some highly-paid council chiefs collect extra substantial sums of payment.
Hammond to prioritise spending on new homes and transport
In an interview with the BBC, Chancellor Philip Hammond has said he will focus on spending on new homes and transport, ahead of November’s Autumn Statement.