Cities sign up to green energy pledge

Reports that many of Britain's major cities have signed up to a pledge to eradicate carbon emissions in their areas feature in today's newspaper round-up.

The Guardian reports that "most of Britain’s major cities will be run entirely on green energy by 2050" after the leaders of more than 50 Labour-run councils made pledges to eradicate carbon emissions in their areas. According to the newspaper, council leaders in Edinburgh, Manchester, Newcastle, Liverpool, Leeds, Nottingham, Glasgow and many others have signed up to the promise before the international climate talks next month in Paris. The newspaper reports that the pledge, coordinated by shadow energy secretary Lisa Nandy, "will mean green transport, an end to gas heating and a programme of mass insulation of homes in cities across the UK".

The Guardian also reports that the boss of the British Airways owner, IAG, has said that toll roads should be introduced around Heathrow to pay for the costs of building a third runway. According to the newspaper, Willie Walsh said that he would favour the idea as a way of funding the infrastructure. He condemned the price tag of a third runway as "outrageous" and "overinflated", the newspaper reports.

The Times (subscription required) reports that Britain now has the fourth lowest level of home ownership in the UK after it was overtaken by France for the first time since records began 20 years ago. According to the newspaper, the "soaring costs of homes combined with a huge jump in the number of buy-to-let landlords has resulted in the proportion of homeowners standing at 64.8 per cent last year, according to figures from Eurostat, Europe’s official statistics bureau".

The Times (subscription required) also reports that a rising number of buy-to-let landlords are competing with first-time buyers for cheaper properties, "making it even more difficult for those trying to take their first step to becoming homeowners". The newspaper reports that research from the Mortgage Advice Bureau, a broker, "found that 70 per cent of buy-to-let investors looking for mortgage between July and September had based their search on a property worth less that £250,000. This was up from 53 per cent in the same period in 2014 and was the highest proportion in two years".

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