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Britain's most unaffordable spot - and it's not London

The Telegraph online, 26/02/2015, Anna White

Oxford is the most unaffordable place in Britain in which to buy a house, with a property price to earnings ratio that even outstrips London, new analysis has found. Average house prices in the city are 16.1 times the local average annual income compared with 15.7 times in London, according to research by an Oxford University professor. “Compared with earlier decades, house prices across the UK are extremely high when compared with the average take-home pay,” said Oxford’s Professor Danny Dorling. “‘Fewer and fewer people are able to get a mortgage.” Oxford’s house prices have been driven up by the number of London commuters who have moved out of the capital to escape high house prices. This, combined with restrictive planning laws protecting the greenbelt around the city from housing development, has pushed up prices in Oxford, Professor Dorling said. He also emphasised the housing supply crisis which underpins house price growth in areas of high demand.

Read more on The Telegraph website (opens new window)

Also see:
Unless we build more homes, the housing crisis could end very badly
The Telegraph online, 27/02/2015, Allister Heath

Net migration soars in blow to Cameron

Financial Times, 27/02/2015, p.3, Helen Warrell

Madeleine Sumption, director of the Migration Observatory at the University of Oxford, comments on the news that net migration has risen to 298,000 - 54,000 higher than when the Conservatives came to power in 2010 promising to reduce it.

Read more on The Financial Times website (opens new window)

TV: BBC News, BBC News 26/02/2015, 21:43

Madeline Sumption, Director of the Migration Observatory, is interviewed about ONS figures showing that net migration in the UK stands at 298,000 for the past year, nearly three times the target set by the government when it came to power. She explains where the migrants are drawn from and says one of the main reasons for the UK attracting migrants is its relatively economic performance leading to a rise in work-related migration.

Also:
Radio: PM, BBC Radio 4
26/02/2015, 17:17
Madeline Sumption, Director of the Migration Observatory, is interviewed about the net migration figures.
(Around 16:49 on the clock)

Cameron pledge destroyed by 298,000 migrants
Times online, 26/02/2015, Richard Ford


Cameron breaks his 'no ifs, no buts' migration pledge
The Times, 27/02/2015, p.14, Richard Ford 

Fresh blow to Cameron as net migration hits 300,000
Evening Standard, 26/02/2015, p.2, Martin Bentham

PM's immigration pledge in shreds
The Daily Telegraph, 27/02/2015, p.10, Matthew Holehouse

Net Migration Rises To Nearly 300,000
Sky News online, 26/02/2015