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Somerset council offices to be turned into more than 100 flats for NHS staff

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The apartments near Musgrove Park Hospital will provide affordable accommodation in Taunton

C Block of County Hall, seen from the A38 Upper High Street in Taunton. CREDIT: Daniel Mumby. Free to use for all BBC wire partners.

C Block of County Hall(Image: Local Democracy Reporting Service / Daniel Mumby)

An office block in the centre of Taunton is set to be transformed into new flats for NHS staff following approval by local councillors. Somerset Council offloaded C Block of County Hall (situated at the southern end of The Crescent) in March 2025, with the proceeds earmarked to fund front-line services.

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Prime PLC, a specialist developer of health and care property, submitted revised proposals in November 2025 to convert the 4,600 sq m building into 111 flats, targeted at new recruits joining Musgrove Park Hospital and neighbouring NHS services.

The council’s planning committee west (which oversees major applications within the former Somerset West and Taunton area) has now granted approval to the conversion scheme – though concerns were raised about parking provision and how “cramped” the accommodation will be.

The flats will span eight floors, made up of 99 one-bedroom studio apartments, six two-person apartments and six three-person flats.

Each studio apartment will offer just under 25 sq m of floor space and will feature a bathroom and kitchen/dining area.

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Shared laundry facilities will be made available to residents, while a new lift shaft will be installed to bring the 1960s structure up to the requisite fire safety standards.

Just 10 parking spaces will be available on site within an underground car park, with most staff expected to walk, cycle or carpool to Musgrove Park Hospital, which sits roughly half a mile away — approximately a 15-minute walk.

Richard Baum, head of strategic planning at Somerset NHS Foundation Trust, set out the case for the development when the planning committee west convened in Taunton on Tuesday afternoon (June 23).

He said: “There is an urgent and growing need for high-quality and affordable accommodation for NHS staff.

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“We continue to face sustained workforce pressures; we are actively trying to recruit new staff all the time at Musgrove, whether that’s newly qualified staff, experienced staff or trainees.

“One of the issues we currently face is that there isn’t enough access to suitable housing. We regularly see people accept roles and then struggle to find accommodation that they can afford, and others decline roles altogether because there isn’t sufficient housing in the local area that they can afford.

“When we recruit staff early in their years, they move around geographically a lot. They require accommodation that’s flexible and affordable, and the traditional private rental market doesn’t provide that.

“This development addresses a clear gap that we have and enables staff to live locally in a way that is affordable to them, so that they can remain in their roles, train up in the NHS and keep delivering patient care locally here in Somerset.

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“This will allow people to come into our organisation, settle quickly and reduce the pressure they have with commuting. This is an ideal and highly sustainable location.”

The new flats are expected to experience a considerable turnover of residents, with entry-level NHS employees residing there while they train at the hospital before purchasing or renting larger homes locally as they progress through the various salary bands.

Councillor Andy Hadley (Conservative, Minehead) hailed the proposals as “a great idea” but raised concerns about whether the scheme could trigger parking problems in the surrounding streets.

He said: “Yes, people won’t used their cars to go to work, but most people do own a car. What is being done to stop the local area being snarled up with 111 cars all day long?”.

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Councillor Nick O’Donnell (Liberal Democrat, Rowbarton and Staplegrove) echoed Mr Hadley’s parking concerns, and expressed doubts over whether the flats would offer sufficient space to ensure tenants enjoyed an adequate quality of life.

He said: “When I was looking at the plans, I was quite concerned about the living space – 24 to 27 sq m, which is 12 sq m below what is marketable.

“If you’re a student living at university, it’s probably more than enough room, but then in halls of residence you’ve got a separate kitchen space. I just think it’s going to be a bit cramped.

“These flats aren’t that much bigger than the average sized hotel room.”

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Councillor Caroline Ellis (Lib Dem, Bishop’s Hull and Taunton West) welcomed the proposals, contending that they would smarten up the look of the building while relieving pressure to develop greenfield land on the town’s outskirts.

She said: “It’s good to be using a brownfield site of this kind. We’ve got to be mindful that every single dwelling on a brownfield site, at an accessible location for the town centre, is one less that has to go on precious green space.

“This is serving a burning social and community need, because if Musgrove cannot attract a decent workforce, then we are going to miss out majorly [sic].

“This is very much starter, ‘meanwhile’ housing, to make sure that we remove barriers to the labour market, so people can just get their feet under the table and get started. I can’t see why we would be objecting to this.

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“C Block is a minger building – you wouldn’t build that nowadays, would you? – and this might make it slightly less minging.”

Councillor Norman Cavill (Conservative, Monkton and North Curry) was in agreement, remarking: “Quite frankly, a change in the appearance of this building is highly desirable.

“The accommodation is much needed for the hospital, the college and the nurses training at the latter. I don’t think there will be a lack of customers for a long time.”

The proposal was granted unanimous approval by the committee following a debate lasting just over an hour, paving the way for construction work to commence before Christmas.

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Horizon Kinetics buys $374 in Texas Pacific land stock

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Forget Everything You Knew About Micron Before (NASDAQ:MU)

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Micron: Buy The Latest Blowout

This article was written by

I write about stocks I’m personally interested in adding to my portfolio. I’m not a professional advisor, but I study business and economics and analyze markets full-time. My writing is meant for both complete beginners — I avoid unnecessary complexity — and advanced readers, as I always aim to offer a distinct and well-reasoned perspective.I also run a YouTube Channel called “The Market Monkeys” and break some of the stocks there as well.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Barnes & Noble Education, Inc. (BNED) Analyst/Investor Day – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Barnes & Noble Education, Inc. (BNED) Analyst/Investor Day – Slideshow

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Teradata's Value Appeal Over Snowflake Since AI Is Not Cheap

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Teradata's Value Appeal Over Snowflake Since AI Is Not Cheap

Teradata's Value Appeal Over Snowflake Since AI Is Not Cheap

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Materion Corp stock hits all-time high at 282.78 USD

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Tencent Music: Recent Strategic Moves Are Reshaping The Investment Case (NYSE:TME)

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Tencent Music: Recent Strategic Moves Are Reshaping The Investment Case (NYSE:TME)

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Long only, focused on high quality businesses with economic moats and solid business fundamentals. Sector and geography agnostic. Long term investment horizon. None of the articles constitute investment advice.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TME over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Not investment advice.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Xanadu Quantum Technologies Shares Rise as Company Advances Photonic Quantum Computing Research

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TORONTO — Shares of Xanadu Quantum Technologies Inc. gained more than 1 percent on Thursday, closing at $11.68 after adding $0.12, as investors responded to the company’s progress in developing photonic quantum computing systems.

The Canadian company has emerged as a leader in the race to build practical quantum computers using light-based technology. Its approach differs from competitors focusing on superconducting or trapped-ion methods, potentially offering advantages in scalability and room-temperature operation.

Xanadu’s platform leverages photonic qubits that can be manipulated with standard optical components. This method could enable more stable quantum systems less susceptible to environmental noise and easier to network.

The company has secured significant funding and partnerships to advance its technology toward fault-tolerant quantum computing. Its Borealis system previously demonstrated quantum computational advantage, marking an important milestone in the field.

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Technological Approach

Xanadu’s photonic quantum computing relies on generating, manipulating and measuring single photons. The company has developed proprietary techniques for creating entangled photon states necessary for quantum algorithms.

Its Strawberry Fields software platform allows researchers to program quantum circuits using familiar Python interfaces. This accessibility has helped attract talent and foster collaboration with academic and industry partners.

The company continues investing in hardware development, including improved photon sources, detectors and integrated photonic chips. These advancements aim to increase qubit counts and reduce error rates.

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Partnerships with major technology companies and research institutions have accelerated progress. Collaborative projects explore potential applications in drug discovery, materials science and optimization problems.

Market Position and Competition

The quantum computing sector has attracted substantial investment from governments and private companies. Xanadu competes with established players including IBM, Google, IonQ and Rigetti while pursuing its unique photonic approach.

Advantages of photonics include potential for room-temperature operation and easier integration with existing optical communication infrastructure. These characteristics could facilitate scaling to larger systems.

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Challenges remain in creating high-quality photon sources and efficient detectors. Xanadu’s progress in addressing these technical hurdles has drawn attention from the scientific community.

The company’s focus on error-corrected quantum computing aligns with industry goals of achieving practical quantum advantage. Its timeline for delivering useful applications will influence competitive positioning.

Broader Quantum Computing Landscape

Quantum computing promises to solve certain problems exponentially faster than classical computers. Potential applications span cryptography, pharmaceutical development, financial modeling and climate simulation.

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Significant technical obstacles remain before large-scale, fault-tolerant systems become reality. Error rates, qubit connectivity and decoherence continue challenging researchers.

Government funding programs worldwide support quantum technology development. Canada has invested substantially in quantum research, providing a supportive environment for companies like Xanadu.

Private investment has also surged as companies seek competitive advantages through quantum capabilities. The sector’s growth reflects both excitement about potential breakthroughs and recognition of long development timelines.

Investment Considerations

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Xanadu’s shares trade on NASDAQ following its public listing. The company’s valuation reflects expectations for quantum computing market growth and its technological differentiation.

Risks include technical development challenges, competition from better-funded rivals and long timelines to commercial revenue. Quantum computing remains an emerging field with uncertain commercialization schedules.

Longer-term opportunities are substantial if Xanadu achieves its technical milestones. Successful development of practical quantum computers could create enormous value across multiple industries.

Investors should consider the speculative nature of early-stage quantum technology companies. Xanadu’s progress will be measured against both internal goals and industry benchmarks.

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Company Leadership and Culture

Xanadu was founded by researchers with deep expertise in quantum optics and photonics. The company’s leadership emphasizes scientific rigor and collaborative innovation.

Its Toronto headquarters and research facilities provide access to talent from leading Canadian universities. The company has grown rapidly while maintaining focus on fundamental research questions.

Corporate culture encourages curiosity and cross-disciplinary collaboration. This approach supports the complex problem-solving required for quantum technology development.

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Future Outlook

Xanadu continues advancing its hardware and software platforms. Upcoming technical milestones could significantly impact its valuation and competitive position.

The company’s ability to attract talent, secure partnerships and demonstrate progress will influence its trajectory. Quantum computing development requires patience and sustained investment.

Industry observers expect continued growth in quantum technology investment and research activity. Xanadu’s photonic approach offers a distinct pathway that could prove advantageous as the field matures.

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As quantum computing moves from laboratory demonstrations toward practical applications, companies like Xanadu will play important roles in realizing its potential. Their success could transform multiple industries and scientific disciplines.

The company’s recent share price movement reflects typical market dynamics in an emerging technology sector. Xanadu’s fundamental progress and strategic direction suggest potential for long-term impact in quantum computing.

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Luxury spending now driven by experiences and ‘inheritourism’

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Luxury spending now driven by experiences and 'inheritourism'

Filippobacci | E+ | Getty Images

Luxury spending is expected to rebound this year, driven mainly by experiences rather than luxury goods, according to a new study.

After two years of declines, luxury goods sales are expected to grow between 1% and 4% in 2026, according to a report from Bain & Co. and Altagamma. Personal luxury goods sales are projected to reach between 365 billion euros and 373 billion euros (US$413.6 billion to US$422.7 billion) this year.

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The tensions in the Middle East continue to dampen sales. Dubai, United Arab Emirates, was one of the fastest-growing luxury markets in the world before the Iran war but relies heavily on tourism and has yet to show signs of recovery. The report said that if the Middle East stabilizes and demand in China strengthens, luxury goods sales could post growth this year.

The U.S. is now the leading country for luxury goods growth for the first time since 2021, according to the report. It said that growth in the U.S. is being driven in large part by aspirational consumers.

At the same time, the priorities and spending of wealthy consumers around the world is shifting. The report said travel, events and dining experiences are becoming more important than buying status goods for show. While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, the report said. Bookings in dining, leisure and entertainment are up around 30% this year.

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“What we’re seeing across experiential luxury this year is resilience concentrated in the categories that offer something money can’t easily replicate: time, access and meaning,” said Claudia D’Arpizio, a senior partner at Bain & Co. “Luxury is increasingly about how people live rather than what they own.”

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Trips to nontraditional and less crowded destinations are growing. “Immersive wayfaring,” or bespoke, slow-travel experiences rooted in discoveries and traditions are also growing more popular. Travel to nontraditional locations is up 20%, according to the report. 

The report also cites the rise in “inheritourism,” in which wealthy families travel together and Gen Zers adopt the travel tastes and preferences of their parents.

Cruises in particular are drawing many first-time buyers along with repeat customers. Fine dining and gourmet food are being driven by a “less-but-better” mindset and fine arts are returning to growth.

“Consumers aren’t simply spending more; they’re spending differently, in pursuit of moments that feel personal and authentic,” D’Arpizio said.

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Buc-ee’s opens first Arizona location as chain plans 15 new travel centers

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Buc-ee's opens first Arizona location as chain plans 15 new travel centers

Buc-ee’s is fueling up for a larger national expansion, with 15 additional travel centers in the pipeline as the Texas-based chain pushes its empire farther beyond its home state.

The company opened its first Arizona location on Monday in Goodyear, a suburb of Phoenix, marking Buc-ee’s first stop in the Grand Canyon State and giving road-trippers another supersized destination for fuel, snacks and the chain’s famously clean restrooms, according to USA Today.

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The 74,000-square-foot travel center features 120 fuel pumps and will operate 24 hours a day, 365 days a year. The store is expected to create more than 200 jobs, and city officials said as many as 40,000 vehicles could visit during opening day and the following week, the outlet reported.

BUC-EE’S SET TO DEBUT IN 6 NEW STATES IN MAJOR EXPANSION PUSH ACROSS US

The iconic Buc-ee's convenience store sign

Buc-ee’s has 15 additional travel centers in the pipeline as the Texas-based chain pushes its empire farther beyond its home state. (Getty)

“We could not have picked a better location for our first store in the Grand Canyon State. Perfectly placed for our road-trippers headed out to California or coming in for the destination-rich Phoenix area, Goodyear will be the place to stop,” Stan Beard, director of real estate development at Buc-ee’s Ltd., said in a statement.

Buc-ee’s, founded in 1982, has grown from a Texas roadside favorite into one of the state’s most recognizable exports. The chain now has 56 locations across 13 states.

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More openings are already on the calendar for 2026. A Buc-ee’s spokesperson confirmed to FOX Business upcoming locations in San Marcos, Texas, on Aug. 12; Benton, Arkansas, on Aug. 17; and Murfreesboro, Tennessee, on Nov. 16.

BELOVED BUC-EE’S CONVENIENCE STORE CHAIN FACES CUSTOMER SERVICE CRISIS AFTER DEVASTATING ‘F’ RATING

Visitors shop for brisket sandwiches at the first Buc-ee's to open in Virginia

The chain now has 56 locations across 13 states. (Valerie Plesch/For The Washington Post via Getty Images)

The company’s website also lists several planned locations but does not specify exact opening dates. 

Six are expected in 2027: Ruston, Louisiana; Kansas City, Kansas; Gallaway, Tennessee; St. Lucie, Florida; Boerne, Texas; and Monroe County, Georgia.

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Two more locations are listed for 2028: Mebane, North Carolina, and Lafayette, Louisiana.

WILDLY POPULAR GAS STATION BUC-EE’S TO OPEN FIRST-EVER LOCATIONS IN NEW STATES THIS SUMMER

Customers shop for apparel inside of the Buc-ee's convenience store on June 12, 2024 in Luling, Texas.

Buc-ee’s, founded in 1982, has grown from a Texas roadside favorite into one of the state’s most recognizable exports. (Brandon Bell/Getty Images)

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Additional stores are planned for 2029 and beyond, including Ocala, Florida; West Memphis, Arkansas; Oak Grove, Kentucky; and Hardeeville, South Carolina, which is listed for 2031.

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Earlier this year, the company opened its first Ohio location in Huber Heights, according to FOX 8 News.

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May PCE: Fed’s favored inflation gauge accelerated in May

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May 2026 CPI inflation: BLS report shows consumer prices rose last month

The Federal Reserve’s preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war.

The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in May and is 4.1% higher than a year ago. 

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The monthly figure came in slightly cooler than the expectations of economists polled by LSEG, who predicted a 0.5% rise, while the annual figure was in line with the estimate.

Core PCE, which excludes volatile measurements of food and energy prices, was up 0.3% on a monthly basis and 3.4% from a year ago. Both figures were in line with expectations.

FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS WARSH ERA BEGINS

Federal Reserve policymakers are focused on the PCE headline figure as they try to bring inflation back to their long-run target of 2%, though they view core data as a better indicator of inflation. Compared with April’s readings, headline PCE rose from 3.8% to 4.1%, while core PCE increased from 3.3% to 3.4%.

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Goods prices were up 2.3% in May from a year ago, and were up 0.4% from the prior month.

Services prices rose 2% compared with a year ago, and were up 0.5% on a monthly basis in May.

US ECONOMY GREW AT 2.1% IN FIRST QUARTER

The personal savings rate as a percentage of disposable personal income was 3% in May, a level that was unchanged from the prior month.

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Since the start of 2025, the personal savings rate has declined from a peak of 5.5% in April 2025, and it began this year with a 4.4% reading in January.

A man getting fuel at a gas station

The energy price shock caused by the Iran war has helped drive inflation higher. (Ariana Drehsler/Bloomberg via Getty Images)

What experts are saying

Heather Long, chief economist at Navy Federal Credit Union, said that, “Inflation is at a 3-year high due to the war in Iran and it’s painful for middle-class and moderate-income Americans.” 

“People are spending more on gas, along with healthcare and utilities. New Fed Chair Kevin Warsh has made his commitment clear to bring inflation down,” Long said. “The key will be how much relief happens by September. In encouraging news, jobless claims remain low and the personal savings rate ticked up slightly in May.”

AMERICANS GROW MORE PESSIMISTIC ABOUT FINANCES AS RENT AS FOOD COST FEARS SURGE, FED SAYS

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Shoppers looking at grocery prices

Americans’ household budgets are strained by elevated inflation. (Justin Sullivan/Getty Images)

Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, noted that “Sliding oil prices will take a while to work their way through the economy.”

“Today’s data is a reminder that inflation remains well above target and growth remains solid. This will keep the Fed on hold for quite some time, until conditions allow for a cut,” Zentner added.

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Jeffrey Roach, chief economist at LPL Financial Research, said that, “Given the growth trajectory, the Fed is rightly focused on price stability and will remain hawkish this summer.”

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“If the Iran crisis creeps into Labor Day timeframe, we have a much higher chance that inflation pressures will seep into other categories and will force the Fed’s hand,” Roach said.

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