01/05/2012

Other News In Brief

Average Property Value Is £160,372

The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6 per cent which takes the average property value in England and Wales to £160,372.

The monthly change from February to March is a decrease of 0.6 per cent.

The region in England and Wales which experienced the highest increase in its average property value over the last 12 months is London with a movement of 0.7 per cent.

The North East experienced the greatest monthly rise with a movement of 5.6 per cent.

Wales experienced the greatest annual price fall with a decrease of 5.5 per cent and the most significant monthly price fall with a decrease of 4.1 per cent.

The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13 per cent to 42,511 compared to 37,584 in January 2011.

Overnight Resurfacing For A19 Around Sunderland

A Highways Agency scheme to resurface a section of the southbound A19 near Sunderland will get underway next week.

The whole of the southbound carriageway over four miles between the Herrington interchange with the A690 and the Ryhope Spur interchange with the A1018 at Seaton will be resurfaced in a three week scheme beginning on Tuesday (8 May).

The work involves closing the southbound carriageway overnight with work taking place between 8pm and 6am. Outside these times the route will be open to traffic but with a 50mph speed limit in place over the temporary road surface.

Families Struggling With Energy Bills Will Be Astonished At Ofgem Bonuses

Caroline Flint MP, Labour's Shadow Energy and Climate Change Secretary, has said the energy regulator Ofgem has serious questions to answer after figures obtained by Labour revealed that it has paid over a million pounds in bonuses in the last two years, while millions of families are struggling with soaring energy bills. The average bonus in both 2010 and 2011 was well above the typical annual household energy bill.

Caroline Flint said: "Hard-pressed families and pensioners struggling to make ends meet will be astonished that the energy regulator Ofgem has paid its staff over a million pounds in bonuses, while energy bills have soared.

"Ofgem has serious questions to answer about why it is paying out so much in bonuses, while everyone else is struggling with soaring energy bills."

(CD/GK)

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