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Somerset town council declares housing crisis – and blames Londoners

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Somerset town council declares housing crisis – and blames Londoners

Somerset County Council said the whole country was suffering due to a lack of affordable housing.

Cllr Federica Smith-Roberts said: “We need to reassure communities that well-built, ecologically sensitive new homes will help their communities to thrive and ultimately we need to have government support for building social housing,”

Lianna Denwood, 23, from Frome, said she had seen a large increase in Londoners moving down to the South West and blamed newspaper reports of its desirability for the influx.

She added: “My partner is an example. He was living in London and got pushed out due to the price increase on his property, which was £1,000 extra a month.

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“It’s a huge rise. Because of it being a desirable place, with the stories about it, that has increased the number of people moving from London and large cities.” 

A Department of Levelling Up, Housing and Communities spokesman said the Government was on track to build one million houses and thousands of affordable homes. 

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



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CryptoCurrency

Bitcoin options markets reduce risk hedges — Are new range highs in sight?

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Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



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CryptoCurrency

Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



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CryptoCurrency

Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



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CryptoCurrency

SEC asks court for four months to produce documents for Coinbase

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SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



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