The housing minister in England and Wales has pledged to abolish the centuries-old leasehold system before the next general election, banning the sale of new leasehold flats in favor of commonhold tenure. Homeowners will gain greater control over their properties, with measures outlined in a white paper marking the end of the “feudal” system, which has been criticized for unfair costs and practices. The proposed reforms will eliminate extra expenses like ground rent, giving homeowners more say in how their buildings are managed and bringing an end to third-party landlords making decisions on their behalf.
Full Article
Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
Read more