Housebuilders 'face triple blow to finances'

A claim that housebuilders are braced for a "triple blow" to their finances features in today's newspaper round-up.

An article in The Financial Times  (subscription) says that "Brexit, a potential global property downturn and the end of the key government support programme, Help To Buy" are "threatening to take their toll on company finances".

An article in The Times  (subscription) says that "a decline in the valuation of Britain’s shops, shopping centres and retail parks accelerated last month". The paper says that "CBRE, the country’s largest valuer, said yesterday that retail property values had fallen by 1.7 per cent in September, the sharpest monthly fall since December last year, when they declined by 2.2 per cent".

The Times also reports that "a last-ditch attempt to scrap a controversial tax on workplace parking spaces" in Scotland has failed. The paper says that the "levy will become law today after the proposals survived a close vote at Holyrood. Councils will be given the power to charge businesses for parking spaces but fears have been raised that employers will simply pass charges on to employees." In Nottingham, "the only place in Britain with such a scheme, employers with more than ten bays are charged £415 a space," the paper adds.

The Guardian reports that opinions are divided on plans to revamp Paris’ Gare du Nord station. The paper says that "French architects and urban planners, including the award-winning Jean Nouvel, are leading a rebellion" against proposals to "transform the Gare du Nord into a gargantuan €600m (£540m) shopping and office complex along the lines of an airport".


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