and you are looking in for every week and month that goes by, the dream of homeownership recedes further into the distance. the average age of first time buyers has been rising continuously. the proportion of young people who can afford to buy their own home has been falling. between 2005 2016, the proportion of 2534 year olds that owned their own home fell by 20%, whereas in most other countries, it has been rising. it is true that we still have higher rates of overall homeownership just ahead of france and just ahead of germany. and it is true that we are building more as fast as we can after a sustained decline in home ownership rates in the labour government, which is now starting to go back up thanks to our support forfirst time starting to go back up thanks to our support for first time buyers and also building more homes. last year, there were 400,001st time buyers of property which was a 20 year high. 400,000 property which was a 20 year high. 400,000 first time
And coming up on bbc news. New zealand look to erase Rugby World Cup scars of 2019 as they look to reach a record fifth final when they face argentina later. Good afternoon. The labour leader sir kier starmer says his partys two by election victories last night are history in the making. Labour overturned huge conservative majorities in the previously safe tory seats of Mid Bedfordshire and tamworth in staffordshire. In Mid Bedfordshire, the former seat of nadine dorries, the tory majority of more than 2a,000 collapsed with a swing to labour of 20. 5 . While in tamworth the swing was even bigger 23. 9 . The conservatives have blamed low turnout, saying their voters stayed at home. Our Political Correspondent iain watson reports. Two previously tory seats, two big wins for labour. Keir starmer has been to visit both with big swings for his party from the conservatives in tamworth, but his first stop this morning was to celebrate his close victory in Mid Bedfordshire. We know that voters
This is still very much an ongoing operation. These teams have so far rescued around about 50 residents this morning. No one knows for sure how long this water will remain here, but it is thought it might stay flooded for the next couple of days. And listen to this. Just a0 miles up north in Aberdeen Winds of up to 70mph. Along the coast, these homes were submerged and damaged. Yesterday, the body of a 57 year old woman was rescued from a river in angus. Within the last hour, police have confirmed the death of a 56 year old driver after a falling tree hit the van near forfar. Some parts of scotland have now been issued a new red danger to life Weather Warning for tomorrow. But for today it has been downgraded to amber as it travels south. Parts of Northern England at the midlands are now bracing themselves for what is to come. Fiona lamdin, bbc news. Our reporter louise cowie is also in brechin and gave us this update. The rain has literallyjust stopped before we came on air, but its b
Of them who arent happy. Arsenal crushed chelsea 5 0 to move clear in the premier League Title Race as it heads towards the thrilling conclusion. Baroness Floella Benjamin is honoured by bafta for her work supporting young people and pioneering diversity in childrens television. It will develop into a sunny dry day for many but more cloud in the east and the south west producing some showers and still a key northerly wind down the east coast. All the details later. Its wednesday the 24th of april. Our main story. More than 50 survivors of the migrant Boat Disaster in which five people died off the coast of france are recovering in england this morning, having declined to be rescued by french authorities. The incident took place just hours after parliament approved a bill to allow the uk to send some Asylum Seekers to rwanda. The government has said the new law will reduce illegal Channel Crossings but some migrants have said it wont deter them from trying. Graham satchell reports. The
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is heating up. Sales have been falling and so has its stock. It up. Sales have been falling and so has its stock. So h