Source: Sharecast
Developers will be allowed to build lower numbers of affordable homes and claim higher subsidies to build them under plans being drawn up by the government to solve London’s housebuilding crisis. Steve Reed, the housing secretary, and Sadiq Khan, the mayor of London, will announce the package within weeks, in what officials say will be a time-limited intervention designed to stall the sudden drop in new building in the capital. – Guardian
The proposed takeover of The Telegraph by a consortium with links to China could face investigation as a potential national security threat, the Government has said. Ministers were questioned in the House of Lords over the protracted attempt by RedBird Capital to engineer a £500m acquisition partly relying on the wealth of the United Arab Emirates royal family. – Telegraph
The boss of Sky has vowed to protect the broadcaster’s news business in response to fears about future funding from its US owner. Dana Strong, the Sky chief executive, told staff during a recent meeting that the media giant would support Sky News for the long term regardless of whether parent company Comcast continues to provide funding. – Telegraph
The owner of British Gas, Holland & Barrett and EG Group are among nearly 500 companies that have been named by the government for breaches of employment law in which tens of thousands of workers were paid less than the minimum wage. The Department for Business and Trade has released a list of 491 employers who have now repaid a total of £10.3 million for underpaying about 42,000 workers over several years. – The Times
