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Cambridge among world's most expensive cities for student housing

Cambridge has been ranked as the eighth most expensive city in the world for student housing. Credit: ITV News Anglia

Cambridge has been ranked as one of the top ten most expensive cities in the world for student housing.

It has the eighth highest weekly rental spend, with students having to pay $272 on average.

The research was conducted by the website Student.com, which surveyed students from 92 cities across the world.

New York was named as the most expensive city. London and Oxford also made the top ten, in second and sixth place respectively.

The findings came from research conducted by the website Student.com Credit: ITV News Anglia

"It's evident that the big urban centres around the world remain huge magnets for both international and domestic students.

"On average, students pay more to live in these cities, but that's not to say that there aren't more affordable options available.

"Cities with larger supplies of purpose-built student accommodation tend to be, on average, more affordable than cities that are under supplied.

– Luke Nolan, Chief Executive, Student.com

Council approves 'masterplan' to transform Great Yarmouth

The plan is to enhance the historic town centre for the 21st century Credit: ITV News Anglia

A masterplan to transform Great Yarmouth town centre has been approved by the Borough Council.

Councillors want to make the historic town centre a destination where more people choose to live, work and spend their money.

The aim is for the developments to be in place by 2025.

The areas which will be improved are:

  • Strengthening the Heart of the Town Centre
  • Improving the market and Market Place
  • Transforming the Conge
  • Creating a sense of arrival at the town centre
  • Unlocking the potential of Hall Plain

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Lack of choice blamed for fewer people buying houses

Fewer people are buying and selling houses in the East of England. Credit: ITV News Anglia

The number of houses being bought and sold in the East of England is declining, with industry leaders blaming the lack of choice for new buyers.

The number of enquiries about homes and newly agreed sales fell during April, according to research by the Royal Institute of Chartered Surveyors.

Uncertainty due to the upcoming general election and the ramifications of stamp duty changes were also blamed for fewer people buying houses.

Lack of choice for new buyers is being blamed for the decline in house buying. Credit: ITV News Anglia

"The bulk of the feedback we are receiving points to a fairly flat summer for both activity and prices.

"Lack of stock on the market remains a key challenge for the sector with recent and forthcoming tax changes having a material impact on transaction levels, particularly at higher price points.

"Uncertainty relating to the forthcoming general election is also highlighted by some respondents as a reason for inertia."

– Simon Rubinsohn, Chief Economist, Royal Institute of Chartered Surveyors

Luton based Vauxhall criticised by MPs after spate of car fires

A Zafira igniting, caught on CCTV.

Bosses at Luton based Vauxhall Motors have been criticised by MPs after a spate of fires involving certain models of the Zafira car.

The Commons Transport Select Committee says Vauxhall was too slow to begin a full investigation and too quick to blame the fires on unauthorised repairs.

MPs from the Commons Transport Select Committee says the company was too slow to react.

The company says there are lessons to be learned and has apologised to customers who have been affected.

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Figures reveal more people are relying on foodbanks

People are continuing to use foodbanks Credit: PA

More than 114,000 emergency food supplies have been given to people in the East by Trussell Trust foodbanks.

The number of people in crisis has risen within the last year. Over 40,000 of the three day food parcels were given to children.

Foodbanks across the region are working hard to stop people going hungry in areas of rollout, by providing food and support and working closely with other charities to provide holistic support.

Loss of Northamptonshire bakery is sad news for town

The business was established in the town in the 1860s. Credit: ITV News Anglia

The administrators of a 150 year old Northamptonshire bakery, which announced the sudden closure of all its sites in the county, say the loss of the brand is sad news for the area.

Oliver Adams Bakery told its 150 staff last week, that the company was closing after financial troubles.

The business, which is based at Gladstone Road in Northampton, was established in the town in the 1860s.

More than 20 shops in the region have closed as well.

It's always difficult to tell people their job is no longer their job...It never gives us any pleasure to be involved with mass redundancies.

– Peter Windatt, Director, BRI Business Recovery and Insolvency
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