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Early pay a hindrance at Christmas, survey reveals

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moneyEMPLOYERS may have the best of intentions paying December wages early; however, eight out of 10 of Brits (81%) find this gesture of goodwill to be a hindrance not a help when it comes to their festive finances, and more than half (53%) of those paid earlier than usual in December struggle to meet their bills by mid-January. This is according to independent research announced this month by global information services company, Experian. More than a third (35%) of those surveyed over-spend at Christmas by an average of £207. And the research suggests that some of this over-spending may be a result of hidden costs prompting funds to be stretched to the limit. A quarter of people spend more than planned on food and drink (24%), heating and fuel (15%), Christmas cards and gift wrap (9%) and other hidden extras, such as batteries and chargers (12%), over the holidays. However, when it comes to looking at who the nation’s biggest festive overspenders are, 18 – 24-year-olds are top of the table.

This group over-spends by £589 at Christmas, compared to an average of £207 – suggesting the younger generation may be favouring generosity above prudence when it comes to their Christmas spending. When January comes around, half (49%) dip into their savings to cover the shortfall, and more than a third (36%) choose to use credit. However, among 18 – 24-year-olds, the trend is reversed, with a third (35%) dipping into savings and 45% using credit to bridge the gap and get them through until payday.

In a period when many of these young people are starting to build their credit profiles, it’s important that these younger spenders understand how financial decisions they make now might affect them in the future. Julie Doleman, Managing Director, Experian Consumer, commented: “Our findings today demonstrate the importance of budgeting; not just to cover the Christmas period, but right up until the end of January and beyond.

It’s easy to over-spend at Christmas, so it’s important to understand how your financial decisions can affect you in the long-run, especially if you plan on using credit to cover a shortfall in January. “Starting off on the right foot will help you get the most out of your New Year right from the beginning, allowing you to make progress towards achieving your goal – whether that’s saving for a big purchase or life event, or simply getting your finances under control.” Here are five simple tips from Experian to help people manage their spending over the Christmas period and get 2015 off to a bright start: 1. Brilliant Budgeting: Even if you’re doing it last minute, sit down and take stock of your finances in advance.

Make a realistic budget that covers everything from Christmas presents to January utility bills to bring you comfortably into the New Year until your next paycheque hits your bank account. 2. Understanding Overspending: The final weeks in the lead-up to Christmas are when you are most likely to lose sight of your budget. Be conscious of purchases such as food and fuel and hidden extras, which can build up quickly, leaving you with an unpleasant start to the New Year dealing with unexpected costs hidden in your festive spending. 3.

Use Credit Wisely: If you do use credit to spread the cost of Christmas, consider your options – for example, if you’re unlikely to be able to repay more than the minimum repayments in the New Year, it makes sense to use a 0% credit card rather than a store card or other credit card with a higher limit. 4. Know your limits: Try to use less than 25% of your credit limit on all of your cards – both individually and collectively. Keeping to within 25% of your limit will show lenders that you are not overly-reliant on credit and can manage your finances.

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Historic Llwyngwair farm buildings to be saved from decay

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PLANS to bring at-risk historic Pembrokeshire buildings, one of which may once have housed otter hounds for a nearby mansion, back to use as homes have been given the go-ahead.

In an application recommended for approval at the December meeting of Pembrokeshire Coast National Park’s development management commit, along with a related listed building consent also recommended for approval, Mr and Mrs JPH and MHH Roberts, through agent Harries Planning Design Management, sought permission for the conversion of Grade-II-listed outbuildings into three dwellings at Llwyngwair Home Farm, Newport.

A report for members said: “The proposed scheme is in keeping with the character of the listed buildings, and their setting in terms of design and form and the application can be supported subject to conditions.”

It added: “The site comprises a complex of existing agricultural outbuildings including two Grade-II-Listed Buildings immediately south-east of Llwyngwair Mansion and just south-west of the Llwyngwair Home Farm.

“The buildings originally comprised coach housing and stabling for the mansion (facing the old back drive) with the buildings later used in conjunction with the more modern home farm when the mansion and grounds were redeveloped as hotel and caravan site.

“The buildings are on the authority’s Buildings at Risk Register as many of the original fixtures were removed and some openings altered, and the buildings are in varying states of condition.”

It went on to say: “Supporting information has been provided which demonstrates that the cost of conversion alongside a financial contribution for affordable housing would make the scheme unviable.

“The authority considers that in this instance the value of delivering a conversion scheme which will ensure the preservation and restoration of the listed buildings, is a significant material consideration which in this instance outweighs the need for a financial contribution.”

Members heard some two years had been spent in preparing the application for the buildings, one of which may once have been used as a kennel for housing otter hounds.

The committee heard some 70 trees, many of low value and some suffering ash dieback, would be removed but there would be “three-to-one” replanting, including hedge planting.

Moving approval, Cllr Di Clements said: “It’s absolutely no mean feat to take on this project, it’s important we recognise that, especially to save these gorgeous buildings.”

She was seconded by Cllr Steve Alderman, who said: “What a wonderful project this sems to me; I look forward to seeing it completed.”

Authority member Dr Madeleine Havard said the scheme was “enabling nature to continue to have its space whilst allowing people to be able to live somewhere, and also preserving an historic building”.

The application, and the related listed building consent, was overwhelmingly backed by members.

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Business

‘Funky’ Kilgetty holiday lodge development refused

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A SECOND call to keep a ‘funky’ holiday lodge in woods near a Pembrokeshire village, previously turned down partly over a dispute on what constitutes a caravan, has been refused again.

In an application refused by Pembrokeshire County Council planners in June, Greg Baker, through agent Hayston Developments & Planning Ltd, sought retrospective permission for the creation of a second tourism unit with a bespoke fixed holiday lodge/hot tub with parking area at Cabin in The Woods, near Woodcocks House, Carmarthen Road, Kilgetty.

Work started on the scheme in April 2023.

A supporting statement through Hayston Developments & Planning Ltd said: “The current application presents a scheme to provide a second bespoke holiday unit on land in our client’s ownership. The application for a second holiday let unit is in response to demand for more ‘funky’ holiday accommodation in Pembrokeshire and the popularity of the Kilgetty area, it being central to many visitor attractions in the county.”

It said a previous 1998 application, Woodberry Cottage, has operated as a holiday let for a number of years, adding: “This remains the case and as such, the proposal is still intended to extend and complement the existing holiday letting business on the site.”

The application was refused by county planners on the grounds the scheme “is for self-catering accommodation in the form of a cabin, on the basis of information submitted with the application, this is considered to be a caravan rather than built development, as there is no robust information to demonstrate that it is permanently fixed to the ground”.

It was also refused on the grounds of being in a countryside location outside of any defined settlement boundary.

Since then, a fresh application aimed at addressing the reasons for refusal was submitted, saying works had been carried out making the lodge a fixed structure.

“Our clients have provided further information to support the claim that the holiday lodge is indeed fixed to the ground and not moveable and with the fixed decking it also clearly goes over the maximum size of a caravan,” the statement said.

It also said the development was an extension to an existing holiday business rather than one in the open countryside.

An officer report, recommending refusal, said the authority was “of the opinion that the chassis on which the cabin is built is still only bolted to the timber plates attached to the metal poles and therefore could potentially be unbolted to enable the removal of the cabin.”

It was again refused on the basis it “is considered to be a caravan rather than built development, as there is no robust information to demonstrate that it is permanently fixed to the ground,” and “The application site is located in a countryside location outside of any defined settlement boundary.”

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Business

Extra £2.5m boost for Wales’ creative industries

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Funding to strengthen film, TV and publishing sectors

THE WELSH GOVERNMENT has announced a further £2.5 million for Wales’ creative industries, delivering fresh investment for the film and television sector and extra support for publishers facing ongoing financial pressures.

Creative Wales currently supports more than 3,500 businesses, employing over 35,000 people. The latest figures show the industry generated £1.5 billion in turnover during 2023 – up more than ten per cent on the previous year.

The additional funding comes shortly after the Government confirmed £2 million for Bad Wolf to deliver two new high-end TV productions, a move expected to generate £30 million of economic activity in Wales.

Since Creative Wales was launched, the Welsh Government has now committed £33.8 million across 70 productions, resulting in £419.7 million of investment back into the Welsh economy.

Wales’ creative strengths were showcased this week at the Wales Investment Summit, and again on Friday when the British-Irish Council placed “Creative” at the centre of its discussions.

Culture Minister Jack Sargeant said Wales had every reason to be proud of its creative talent.

He said: “The creative industries are a real success story for Wales. Whether it’s actors, storytellers, musicians, animators or games developers, our creative industries consistently put our nation on the global stage.

“Not only is the industry an important economic driver, but we are fostering the next generation of creatives by incentivising training and apprenticeship opportunities. We are committed to nurturing talent, supporting creative businesses and encouraging the creation of high-quality content that stands tall among other countries.”

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