Strategy Insights Europe Fri, 24 Jun 2022 19:09:50 +0000 en-US hourly 1 Strategy Insights Europe 32 32 What is storage insurance? – Forbes UK Advisor Fri, 24 Jun 2022 16:29:40 +0000

Storage insurance is a specific type of insurance policy that protects your belongings while they are kept in a storage facility – and most storage companies will insist that you have it.

Cover generally extends to items such as home furnishings and appliances, office and business equipment, machinery and personal effects.

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The most common reasons for using a storage facility include freeing up space at home or storing your belongings during a move or an extended trip. A storage unit could also give you time to sort through a loved one’s belongings after they pass away.

Here are the workings of how storage insurance works.

What does storage insurance cover?

Here are some examples of what storage insurance provides protection against:

  • Water damage due to burst pipes or leaking water
  • Flight
  • Fire and explosion damage
  • Natural disasters, including flood and storm damage
  • Vandalism or malicious acts
  • subsidence damage
  • Damage caused by moths, insects and vermin
  • Vehicle or aircraft impact
  • Sprinkler damage
  • Collapse or partial collapse of premises

Do I need storage insurance?

If you want to ensure that your stored goods are properly protected against damage and theft, you will need to purchase a specialized storage insurance policy. In fact, most storage providers will insist that you have at least this coverage in place before you can rent a storage unit.

But any insurance the storage provider themselves have in place will only protect the provider’s liability if they are found to have been negligent with your items, causing damage to them.

Will my home insurance protect stored items?

Whether the stored items will be covered by your home contents insurance policy depends on the insurer. Most policies cover personal effects while in “transit” when you move, and some also cover items that need to be temporarily stored.

However, this cover is generally limited to seven days and therefore not suitable for long-term stored items. Policies are also unlikely to cover valuables such as jewelry, so check the terms of your policy.

If you are forced to leave your home following an event such as a fire or a flood, you can benefit from cover for temporarily stored objects if your inventory insurance includes “alternative accommodation” cover. But again, there will be limits to how long this coverage lasts – typically it’s around 90 days.

Do storage providers offer their own coverage?

Some storage providers offer their own storage insurance policies that you can purchase along with the rental unit. But you don’t have to take it. You might find a better deal by researching your own standalone storage policy from a specialist provider.

If you go this route, be sure to compare quotes, checking both the price and exactly what you’ll be covered for. Most policies do not include coverage for personal effects in transit. They are also unlikely to cover certain stored items such as:

  • Hazardous contents such as flammable liquids or toxic chemicals
  • Currency or cash
  • Firearms, explosives or weapons
  • Food or perishables
  • Living animals
  • Vehicles

Also check to see if there are any single item limits on your policy. For example, your insurer may not cover any item over £1000 unless it is listed separately.

Also, your insurer may have rules about how you store your belongings. Examples include securing your unit with a specific type of lock or keeping your belongings in waterproof containers. Failure to follow these rules could invalidate your coverage.

How much does storage insurance cost?

The amount you pay for storage insurance will depend on factors such as the total value of your items (the sum insured), whether you have items that need to be listed separately, and how long you need storage.

It’s important not to be underinsured, so make a list of everything you want to store, estimate how much it would cost to replace each item, then total the total cost to ensure you get the right level of protection.

Can I extend my storage insurance?

Your provider can let you know when your policy is about to expire and you can simply ask for an extension if needed. In other cases, you will need to reapply for a completely new policy.

Check the terms of your coverage before purchasing a policy to see what your options will be.

Can I store my items elsewhere?

Specialist storage insurers will only cover items stored in official storage facilities. This means that if you plan to keep some of your stuff in a friend’s garage, for example, you won’t be able to find coverage.

Your belongings also won’t be covered by your own home insurance policy, but they might be covered by your friend’s home insurance, depending on what you’re storing and where. If it is a garage for example, it will generally have to be within the limits of the property.

Check with your friend to see if their home insurance provides sufficient coverage and if there are any limits. Again, expensive items may need to be listed separately on the policy at an additional cost.

There are online services that connect people looking for storage space with those who want to rent it. These usually include a basic level of insurance cover – with Stashbee for example, items are insured up to £1,000.

A great basketball moment in the Cité Forestière; Shaedon Sharpe drafted into the NBA Fri, 24 Jun 2022 02:43:28 +0000

The Portland Trail Blazers selected Shaedon Sharpe with the seventh pick in the NBA Draft on Thursday, taking a chance on a player who never fit into college.

Sharpe, a 6’6″ winger from London, Ont., who attended Beal High School, was a five-star recruit who signed up for Kentucky but never played for the Wildcats. He intended to wear a red shirt for his first season, but instead decided to declare himself a draft.

“Going from high school to college and not playing your college season and then straight to the NBA,” Sharpe said. “It’s quite a journey, but every step of the way I fought hard and had fun.”

The Blazers also had the 46th and 57th picks.

After a season marked by a string of injuries, a new coach, a front office shakeup and a roster overhaul, the Blazers are rebuilding around All-Star Damian Lillard.

“He’s a great guard himself and he’s been in this league for a while now, so I’m looking forward to really learning from him,” Sharpe said.

Portland was active before the draft, acquiring Jerami Grant from the Detroit Pistons on Wednesday, according to a person with knowledge of the situation. The person spoke to The Associated Press on condition of anonymity because no team has announced the deal.

Lillard, who was injured for much of last season, played with Grant on the gold medal-winning American team at the Tokyo Olympics last year. Grant averaged 19.2 points in 47 games last season with the Pistons.

The Blazers finished 27-55 last season, their worst record since 2005-06.

Clearly eyeing a draft position at the end of the season, Portland lost 11 games by more than 30 points after the All-Star break.

Sharpe wasn’t the only Canadian in the top ten – Montreal’s Benedict Mathurin was selected by the Indiana Pacers in sixth overall.

With files from Associated Press

Boris Johnson latest: PM hits out at ‘condescending’ critics of Rwanda plan Thu, 23 Jun 2022 18:30:23 +0000

Boris Johnson doesn’t deny offering Carrie Symonds top job

Boris Johnson has said criticism of the Home Office’s plan to send asylum seekers to Rwanda is “condescending”.

The Prime Minister, speaking from the Rwandan capital Kigali, said he was ready to highlight the “obvious merits” of the asylum policy to the Prince of Wales during their upcoming talks.

Prince Charles reportedly called the Rwandan plan “appalling” in remarks he made privately.

But the No 10 later said Mr Johnson was unlikely to bring up the subject with the royal when they met at the center of the Commonwealth Heads of Government Meeting (Chogm) leaders’ summit in Kigali.

This will follow Mr Johnson’s talks with Rwandan President Paul Kagame, during which he did not raise human rights concerns about his regime.

The government in Kigali said it had already received payments under the £120million economic and migration deal signed with the UK Home Office two months ago, and that he had already spent some of the money.


Watch: PM could call snap general election, says Cable

Sir Vince Cable has predicted Boris Johnson will make the ‘high risk’ decision to call a snap general election.

Former Lib Dem leader Vince Cable predicts October general election

The former Lib Dems leader said the Prime Minister had a “player’s” mindset and could call an election in the autumn to “avoid an even worse situation” for his government.

Sir Vince said a number of factors were working against the Tory government, such as the “dreadful” economic outlook which is “worsening and getting worse”.

Lamiat SabinJune 23, 2022 7:30 p.m.


MEPs call Rwandan plan ‘unethical’ and ‘racist’

Parliamentarians across Europe have denounced Boris Johnson’s plans to deport asylum seekers to Rwanda as “unethical” and “racist”.

The comments were made during a debate at the Parliamentary Assembly of the Council of Europe.

Delegates expressed concern over the Tory-led government’s apparent willingness to break international law and pass a UK Bill of Rights that would allow UK judges to overturn decisions of the European Court of Human Rights. man.

Read the full story here by Andre Bécasse and Ashley Cowburn

Lamiat SabinJune 23, 2022 7:00 p.m.


“Labour can get a better deal on EU protocol” – Lammy

Labor’s experience in negotiating the Good Friday Agreement means it will be able to secure a better solution to the dispute over the Northern Ireland Protocol, David Lammy has said.

The shadow Foreign Secretary told an event on Wednesday organized by UK think tank In A Changing Europe that a Labor government would be better received in Brussels.

Shadow Foreign Secretary David Lammy

(Aaron Chown/PA)

He said: “The EU must be less rigid. But the EU partners frankly told me that if there was a partner they could trust, they could show more flexibility.

“Instead they have Boris Johnson lying, breaking the law and never delivering on his promises.

“With a change of prime minister and a change of government, the UK could build a stable and mutually beneficial relationship with the EU over the long term.”

Speaking on the sixth anniversary of the Brexit referendum, Mr Lammy reiterated Labour’s position that it would not seek to rejoin the EU or re-enter the customs union or single market.

But, he said, the party would seek “practical solutions to reduce controls to an absolute minimum” by pursuing an agreement on food and agricultural standards, sharing trade data and using a risk” for goods entering Northern Ireland from Great Britain.


PM calls critics of Rwandan plan ‘condescending’

Boris Johnson has said criticism of the Home Office’s plan to send asylum seekers to Rwanda is “condescending”.

The Prime Minister, speaking from the Rwandan capital Kigali, said he was ready to highlight the “obvious merits” of the asylum policy to the Prince of Wales during their upcoming talks.

Prince Charles reportedly called the Rwandan plan “appalling” in remarks he made privately.

Prince Charles and Boris Johnson at the opening of a police memorial last year


But the No 10 later said Mr Johnson was unlikely to bring up the subject with the royal when they met at the center of the Commonwealth Heads of Government Meeting (Chogm) leaders’ summit in Kigali.

This will follow Mr Johnson’s talks with Rwandan President Paul Kagame, during which he did not raise human rights concerns about his regime.

The government in Kigali said it had already received payments under the £120million economic and migration deal signed with the UK Home Office two months ago, and that he had already spent some of the money.

Lamiat SabinJune 23, 2022 6:01 p.m.


Starmer to miss Big Meeting at Durham Miners gala

Labor leader Sir Keir Starmer is set to miss a trip next month to the Durham Miners’ Gala – which is a key event on the socialist calendar.

The traditional union-backed event, known as the Big Meeting, draws some 200,000 people to the historic city center, where crowds watch parades of marching bands and banners.

The gala was canceled in 2020 and 2021 due to Covid, and its return is dedicated to the key workers who have kept society alive during the pandemic – a move organizers announced last year.

Bands and banners in the traditional Durham Miners gala

(Owen Humphreys/PA)

Sir Keir, who is facing the so-called ‘beergate’ police inquiry into his trip to Durham in April 2021, is not among the speakers at the gala.

A decision on whether he should receive a fixed penalty notice for drinking a bottle of beer in MP Mary Foy’s office is due in the coming weeks.

Both Jeremy Corbyn and Ed Miliband attended the Durham Miners Gala when they were party leaders, watching the processions from a hotel balcony before speaking to large crowds gathered at the racecourse.

Before Mr Miliband went to the gala in 2012, the last Labor leader to attend was Neil Kinnock in the 1980s.

It has already been described as the largest remaining labor demonstration in the country.

Lamiat SabinJune 23, 2022 5:32 p.m.


Collapsing Tory support threatens ‘Celtic Tory fringe’ in the South West, poll finds

A collapse in Conservative support in the South West of England could see the party lose 11 seats in a general election – and be a hair’s breadth from losing Jacob Rees-Mogg’s constituency.

YouGov found that the Conservatives’ vote share in seats they have dubbed the “Celtic Tory Fringe” has fallen 19 points since the 2019 general election, leaving Boris Johnson’s party at 38% in the region.

The figures were released on the day of a by-election in the Devon seat of Tiverton & Honiton, where the Liberal Democrats are hoping to overthrow a massive Tory majority in an area that has been ‘true blue’ since 1923.

Eleanor SlyJune 23, 2022 5:10 p.m.


ICYMI: How much longer can Boris Johnson ignore the Brexit-shaped elephant in the room?

The Resolution Foundation’s latest pay study looks to the future – but it’s clear the prime minister’s high-wage, high-skilled economy has so far failed to materialize, writes Ben Chapman

Read Ben’s full article below:

Matt MatherJune 23, 2022 4:40 p.m.


One-off tax could hurt investment in the North Sea

The windfall tax could hurt investment in the North Sea, Chancellor Rishi Sunak has said.

The Chancellor unveiled the measure in May to impose a 25% surcharge on the profits of oil and gas giants.

Energy companies have warned it could hurt the sector despite hopes the policy will bring in up to £5billion.

At a meeting in Aberdeen on Thursday, Offshore Energy UK chief executive Deirdre Michie said she had pressed Mr Sunak on the matter.

“The energy profit tax is an unexpected new tax that changes the basis for investment,” she said.

“We had a candid and constructive meeting with the Chancellor to discuss these issues and our industry leaders were clear about their concerns, particularly the impact on investor confidence. Both parties have pledged to continue discussions.

“We will work constructively with the UK government and do our best to mitigate the damage this tax will cause, but if energy companies reduce their investment in UK waters they will produce less oil and gas.

“That means they’ll end up paying less tax and have less money to invest in low-carbon energy.”

Eleanor SlyJune 23, 2022 4:07 p.m.


ICYMI: Conservatives risk losing more than two by-elections

For the Conservative Party to lose a by-election would be unfortunate – losing two would be a sign that it risks losing its electoral base, writes Professor John Curtice.

Read his full analysis here:

Matt MatherJune 23, 2022 3:40 p.m.


Collapsing Tory support threatens ‘Celtic Tory fringe’ in the South West, poll finds

A collapse in Conservative support in the South West of England could see the party lose 11 seats in a general election – and be a hair’s breadth from losing Jacob Rees-Mogg’s constituency.

YouGov found that the Conservatives’ vote share in seats they have dubbed the “Celtic Tory Fringe” has fallen 19 points since the 2019 general election, leaving Boris Johnson’s party at 38% in the region.

Our political editor Andre Bécasse reports:

Matt MatherJune 23, 2022 3:22 p.m.

Barclays hires Bank of America veteran Arif Vohra to co-lead FIG in Europe Thu, 23 Jun 2022 10:13:24 +0000

Barclays has hired a Bank of America veteran to co-lead its coverage of financial institutions in Europe after a number of departures over the past year.

Arif Vohra will join the British lender as co-head of investment banking for financial institutions in Europe, the Middle East and Africa, the bank said in a statement.

Vohra has worked for Bank of America, or Merrill Lynch, which the bank acquired after the 2008 financial crisis, for more than 20 years. In September, he moved on to become chairman of the bank’s Emea Financial Institutions. This was after a wider upheaval which saw his FIG co-director in the Emea region, Giorgio Cocini, promoted to head the unit globally.

At Barclays, Vohra will work alongside Enrique Pinel to lead his FIG team in Emea. It means the bank is returning to a co-head structure after installing Pinel as sole head following Darren McKay’s departure to specialist boutique FT Partners in August last year.

LILY JPMorgan shakes up FIG European team by hiring Singh from Aviva

Meanwhile, Ahsan Raza, who had led its fintech coverage, left to become Calastone’s chief financial officer in July 2021.

Vohra will join in September and report to Tim Main, who described him as a “well-respected FIG banker”.

In April, Barclays also hired Ed Skilton as global co-head of its insurance financial institutions group and head of Nomura’s UK financial institutions group.

The FIG remained an active recruiting sector in the City despite a broader slowdown in recruiting negotiators. Credit Suisse hired Kristian Triggle from RBC Capital Markets in February as it rebuilt its FIG team after a string of departures while JPMorgan hired Chetan Singh, who is expected to join the US bank in June as co-head of its group of financial institutions for Emea in May.

To contact the author of this story with comments or news, email Paul Clarke

]]> American tourist’s ‘life in danger’ after Maltese doctors deny abortion Wed, 22 Jun 2022 19:04:10 +0000

Andrea Prudente and Jay Weeldreyer were thrilled with their pregnancy, so much so that they booked ‘babymoon’ tickets to Malta, a country they soon learned had extremely strict anti-abortion laws. When Prudente started having problems 16 weeks later, doctors told her the pregnancy was not viable. But her partner says Maltese doctors refuse to terminate the pregnancy due to strict anti-abortion laws, despite it being a simple procedure. “What’s hard to convey is the torture that’s happened since it was recorded here,” Weeldreyer told VICE. “She gets stung several times a day, blood, every day they check a heartbeat, they don’t make it easy for her to give birth. The baby’s heartbeat may or may not stop. It’s a daily reminder of the baby we can’t have and a child who puts her at mortal risk. He added that his partner also tested positive for COVID-19 when he arrived in the country. The couple have been waiting six days for an insurance company to approve an emergency medical evacuation to the UK, where the procedure is legal. In Malta, women are only allowed to terminate a pregnancy if they are “on the verge of death”, VICE reported. “It took Andrea a day to receive her file and we are dealing with an emergency situation”, Prudente’s lawyer said The Guardian. “Any minute could lend itself to putting Andrea’s life in danger.”

Read it on VICE ]]> Two London estates show major improvement in air quality Wed, 22 Jun 2022 08:33:21 +0000

Results from the Science In The City air quality monitoring project show a marked improvement in atmospheric conditions around two central London housing estates.

New data collected by City of London residents in a major study by Mapping for Change commissioned by the City of London Corporation has found a 40% improvement in air quality in two housing estates of the so-called Square Mile.

Dramatic reductions in air pollution have been seen around the Barbican and Golden Lane residential developments. This figure is based on comparing nitrogen dioxide (NO2) levels in 2021 to readings in 2013, when the project was launched. This confirms a previous study, published last year, showing a 42% drop in NO2 levels in the city since 2016.

When the project started, it also asked residents what they thought of air pollution and what kind of action they wanted to see from local authorities. These opinions have been central to the introduction of a low-emission neighborhood program in the city, alongside new electric vehicle charging points and green infrastructure, cargo bikes and the piloting of an initiative emission street car.

More recently, the City Corporation’s banning of new diesel vehicles for its fleet (where clean market alternatives are available), engaging in a London-wide crackdown on idling and the CityAir app – providing 35,000 Londoners with low air pollution travel routes, advice and alerts – can also be linked to the early stages of the project.

“To carry out a citizen science study with so many interested residents in the Barbican and Golden Lane areas has been a privilege and has provided valuable data that otherwise would not be available,” said Louise Francis, Managing Director of Mapping for Change.

“While this data set is an important piece, the views and insights of residents are also invaluable. Nothing replaces local knowledge and the residents are clearly the experts,” she continued. “Many of the ideas and suggestions for reducing air pollution proposed in 2013/4 have been translated into policies and adopted by the City Corporation. We hope this project will build on that success.

Last year, the City of London replaced its entire fleet of refuse collection vehicles with electric models.

Brexit worsens cost of living crisis, new study finds | Brexit Tue, 21 Jun 2022 23:01:00 +0000

Britain’s cost of living crisis is being made worse by Brexit which is reducing the country’s growth potential and costing workers hundreds of pounds a year in lost wages, new research has found.

The Resolution Foundation think tank and academics from the London School of Economics have said the average worker in Britain is now on course to suffer more than £470 in lost wages every year by 2030 after the taking into account the rise in the cost of living, compared to a vote remaining in 2016.

In a report six years after the referendum, researchers said Brexit was hurting Britain’s export competitiveness on the global stage, just as businesses are being forced to deal with the fallout from the coronavirus pandemic and war of Russia in Ukraine, pushing inflation to historic highs.

“A less open Britain should be poorer and less productive,” he said.

Official figures due on Wednesday are expected to show a further rise in the inflation rate from 9% in April to 9.1% last month, as soaring petrol prices and the rise in the cost of a weekly shop rise pressure on struggling families. The Bank of England has warned that the inflation rate could reach 11% by October.

As the government tried to confront railway unions on Tuesday amid the most widespread rail strikes since the 1980s, ministers were forced to defend planned anti-inflation increases to the state pension while at the same time ordering wage moderation for public sector workers.

Former Conservative Chancellor Ken Clarke said Britain was in the grip of the worst economic crises since at least 1979, telling the BBC a recession was almost inevitable. “We will, I think, almost certainly go into a recession in the next couple of years,” he said. “The Bank of England had to start fighting inflation, which was allowed to spiral completely out of control.”

Boris Johnson has warned workers against demanding bigger pay rises to avoid a 1970s-style ‘wage price spiral’ leading to higher inflation, unlike in October of last year, when the Prime Minister suggested that Brexit could be the productivity economy of the future.

However, the Resolution Foundation and LSE report says Brexit will weigh heavily on productivity gains over the next few years to 2030, while suggesting that rising import costs will worsen household finances. .

The research estimated that labor productivity – a key measure of economic output per hour worked – would be reduced by 1.3% by 2030 due to a decline in the openness of the UK economy after the Brexit, which means losing a quarter of the efficiency gains made over the past decade.

Ministers argued that bigger pay rises for UK workers would only be sustainable if they were backed by productivity gains. However, with the expected decline in the efficiency of the UK economy after Brexit, academics said the inflation-adjusted wage was now set to fall by 1.8% by 2030. He said that this equated to the loss of £472 per worker, per year. .

The report’s authors included LSE academic Swati Dhingra, an outspoken Brexit critic chosen by Chancellor Rishi Sunak to serve on the Bank of England’s monetary policy committee from August.

The report appeared to undermine the Government’s argument that Brexit and its plans to level the economy to boost prosperity outside London and the South East, with researchers finding the North East of England would be hardest hit by leaving the EU.

With a larger industrial sector and greater exposure to the EU market, he said the region would see a 2.7% decline in manufacturing output by 2030 compared to a scenario in which the UK Uni reportedly voted to remain in the EU in 2016.

Although the report revealed that exports to the EU had not been hit as hard by Brexit under Boris Johnson’s trade deal with Brussels since the start of last year, it warned that in overall, the UK would become less open and less competitive.

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Exports to the EU are expected to be 38% lower than they would have been within the EU by 2030, with a further decline of 16% due to the abandonment of integration with the EU during this period.

Torsten Bell, chief executive of the Resolution Foundation, said Brexit would make it harder to recover from the Covid pandemic and sustainably raise wages after the cost of living crisis.

He said: “Ten percent inflation is painful whether you’re driving a train, traveling by train or having nothing to do with trains. It would always have been difficult to deal with, but it much more for families who come with 15 years of stagnant wages.

“The sustainable path out is stronger, productivity-driven wage growth. Covid-19 and Brexit do not make this any easier to achieve, but the UK has huge economic strengths and we urgently need a renewed economic strategy that builds on them.

UK Watchdog to review rising visa and mastercard fees Tue, 21 Jun 2022 13:59:00 +0000
By Alex Davidson (June 21, 2022, 2:59 p.m. BST) – The payments watchdog said on Tuesday it plans to look into why Mastercard and Visa have raised card fees payable by banks providing services to cardholders cardholders and merchants and whether it harms competition.

The payments systems regulator will focus on fee hikes by the two companies which account for 99% of debit and credit cards in the UK, particularly on cross-border transactions with Europe after Brexit.

“We have defined what we will assess in these reviews, which will then inform any decision on what steps we may need to take to promote…

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Breaking down recent City Hall progress to help Londoners find accommodation Mon, 20 Jun 2022 14:15:51 +0000

Amid London’s housing crisis, city politicians will hear updates from two city-owned agencies on the progress they have made over the past year in housing those in need.

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Amid London’s housing crisis, city politicians will hear updates from two city-owned agencies on the progress they have made over the past year in housing those in need. The housing development corporation – now run internally at City Hall – and London and Middlesex Community Housing, the public housing provider, share their latest statistics in reports to their shareholders, otherwise known as municipal Council.

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NEW AFFORDABLE HOUSING: London’s Housing Development Corporation (HDC) – an arm of City Hall responsible for funding new affordable homes – helped build 65 new affordable homes last year. 464 other units are under construction, but not yet built. These totals are well below the 600 affordable homes London must create each year to meet the council’s target of 3,000 by 2026.

NEW APPROACH: In an effort to connect people to stable and affordable housing more quickly, City Hall has started building “fast” housing, using prefabricated materials to speed up construction. The town hall has taken the lead in three projects. A 61-unit apartment building at 122 Base Line Rd. — formerly vacant, excess land — is already done, and tenants moved in this winter. Rents for a one-bedroom unit range between $450 and $692 per month. Two more constructions are underway at 403 Thompson Rd. and 345 Sylvan St., with a total of 86 affordable units between them. It is a relatively new practice for the town hall to support affordable development, rather than providing grants or loans to the private sector or non-profit housing agencies to do the work of building new housing. .

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BONUS: Last year, 94 affordable units were negotiated with developers in newly constructed buildings. This is part of the bonus zoning system used by municipalities to approve taller or denser developments in exchange for community benefits like affordable housing. Most of these units are priced at 70 or 80 percent of average market rent for several decades, which critics say is far from “affordable” for most people in housing need. A further 80 affordable units are under consideration in proposals that have not yet been approved by council. The provincial government removes the possibility of using the bonuses from September.

REPAIRS: Nearly $2.8 million in repairs were made to public housing complexes in 2021. The bulk of the fixes were for security upgrades, housing interior repairs, and fixing electrical issues, mechanical or plumbing. Four new accessible play areas have been installed. Assessments are underway to determine how to spend a massive injection of federal funds – more than $40 million – to repair and renovate more than 2,000 community housing units in London and Middlesex. This will include improved accessibility and improvements to common rooms in eight high-rise buildings and new furnaces, water heaters, windows and doors in five townhouse complexes.

  • 343: Households moved into social housing last year.
  • 353: Social housing – apartments or townhouses – was renovated or repaired in the last year.
  • 602: Affordable housing funded by the housing development corporation since its inception in 2016.
  • $1,095: Average market rent in London in 2021.


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