Young Scots may flee south of the border to take advantage of the plans announced yesterday to provide cheaper housing to first time buyers, The Scotsman says today.
The threat is seen as very real given John Prescott’s department will only apply the 5-year housing action plan to England and Wales, while house price rises in some parts of Scotland continue to remain among the biggest nationwide. Drawing young educated Scots south could also spark another type of brain drain, the paper warns, especially considering figures now suggesting the average age of the first time buyer in Scotland has hit 37. CITYGROUP, the world’s biggest financial services group, has become embroiled in another scandal, this time concerning the actions of its traders in t...
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