THE POST-ELECTION PRS
First Published - 29th May 2024
JMW Solicitors
With the general election being called the Renters (Reform) Bill has been lost. It cannot be revived and any new government will need to start again from scratch. Inevitably this has people wondering what the PRS will look like under any new government. These are my thoughts, I stress that they are opinions only and not based on any commitments or statements by politicians or advisors in either party.
The Sycamore Gap Tree
The Sycamore Gap tree or Robin Hood tree was a sycamore tree standing next to Hadrian's Wall near Crag Lough in Northumberland. The tree grew in a dramatic dip in the landscape created by glacial meltwater and was described as one of the most photographed trees in the country.
But on the morning of 28 September 2023, the tree was felled. Initially locals thought that the tree had come down as a result of a storm, however, the authorities said they believed it was done deliberately and a result of a deliberate act of vandalism". The individuals responsible are likely to be charged under criminal damage of the Northumberland National Park’s property.
NIMBYISM :- Understanding the Not In My Backyard Phenomenon
NIMBY, an acronym for “Not In My Backyard,” encapsulates a complex socio-political phenomenon that permeates various aspects of society, from urban planning to environmental activism. This term, coined in the late 20th century, describes the opposition of residents to the introduction of new developments or initiatives in their vicinity, despite recognising the need for such initiatives on a broader scale. NIMBYISM reflects a tension between individual interests and the collective good, posing significant challenges to policymakers and planners worldwide.
Origins and Evolution
The origins of NIMBYISM can be traced back to the 1950s and 1960s in the United States, during the post-war era of suburbanisation and urban renewal projects. As cities expanded, residents became increasingly vocal in opposing developments that they perceived as detrimental to their quality of life. These could range from infrastructure projects like highways and airports to social services facilities and industrial plants.
HMRC issued over £1.6M in fines to Estate Agents
HMRC has announced (28 March 2024) that 254 estate agency businesses have been fined a total of over £1.6m for failing to register, or re-register with them for Anti Money Laundering (AML). The fines range from £1,500 to over £50,000.
HMRC have published a follow up list outlining where estate agents have received financial penalties for breaches of the legislation. These will include an absence of firm-wide documentation, incomplete or incorrect Customer Due Diligence (CDD) within the required timeframe and a lack of recognition of specific risks such as the value of property, High Risk Jurisdictions, Politically Exposed Persons (PEP’s), Companies, Trusts and Sanctions.