News
Further interest rates cuts to hit savers

SAVERS face further misery as the Bank of England slashed interest rates to 0.25% yesterday (Aug 4) in an attempt to stimulate the struggling economy in the wake of the Brexit vote.
Retirees and the semi-retired reliant on savings in ‘safe’ bank and building society accounts face a double whammy as record low interest rates combine with rising inflation caused by a weakened pound.
The Bank of Scotland pre-empted this move last week when it wrote to 1.3 million business customers warning that they could start imposing charges on credit balances; effectively imposing negative interest rates.
This would follow moves by banks in Switzerland and Sweden. Even if negative interest rates are not introduced for individual savers, interest rates of practically zero will see hard-earned nest eggs shrink in real terms as the the cost of living rises.
This will be a huge blow to thrifty pensioners who did though they had done ‘the right thing’ throughout their working lives by putting money aside for retirement. The over 65s form a disproportionately high percentage of the west Wales population, and as they are forced to further tighten their belts, this will pile more pressure onto struggling local businesses in one of the most deprived areas of the UK.
Mrs Alice Hughes from Pembroke Dock, who relies on a small nest egg to top up her state pension, told the Herald: “I’ve always been careful and put money away in the building society. With interest rates the way they are now, I’m wondering whether I’d be better off keeping it under the mattress.”
Mr Ronald Edwards from Cardigan, who is due to retire in six months time said: “I’ve been looking at annuities online, and the amounts being offered are so low, I might as well cash in my pension pot and buy a classic car. At least there’s a chance of it increasing in value.”
In further moves, the Bank of England announced further printing of money to prop up the economy, and revised the growth forecast for 2017 from 2.3% to 0.8%.
With pressure on company pension pots creating difficult decisions for managers about whether to invest in wage increases or filling the pension deficit, workers in west Wales could see their already low wages stagnate for the foreseeable future.
Mark Carney, the Canadian Govener of the Bank of England said that this was a necessary step to adjust to the new reality post-Brexit, in which the economic outlook has changed.
There may be some positive news for those with savings in stocks and shares, which receive a boost when interest rates are cut.
There is more positive news for mortgage holders and home-buyers on variable interest rate mortgages, who will see a drop in their monthly payments.
As the pound continues to slide against the dollar, holidaying in the UK may become a more attractive option to families feeling the squeeze, providing a boost to the west Wales tourist industry.
How are you being affected by the record low interest rates? Email [email protected].
Community
Fire service delivers vital kit to Ukraine

Wales joins UK’s largest firefighting aid convoy
MID and West Wales Fire and Rescue Service (MAWWFRS) has taken part in the UK’s largest ever convoy delivering vital firefighting equipment to Ukraine, joining 17 other Fire and Rescue Services (FRSs) from across the country.
The convoy, coordinated by FIRE AID and supported by the UK Government, left the UK in early April. It travelled through France, Germany and Poland, delivering over 30 fire service vehicles and more than 15,000 items of equipment to support Ukrainian firefighters on the front line of the ongoing war.
Since the Russian invasion in 2022, UK fire services have donated 119 vehicles and over 200,000 pieces of equipment to Ukraine. Each participating service ensured local needs were met before donating surplus kit.
Watch Manager Rob Kershaw represented MAWWFRS on the convoy. He said:
“It’s been a privilege to be part of this convoy and to represent both FIRE AID and Mid and West Wales Fire and Rescue Service.
We received invaluable support and assistance from fire and police services across every country we passed through. Their help in coordinating, escorting, and hosting the convoy was outstanding.”
Chief Fire Officer Roger Thomas KFSM added:
“MAWWFRS is proud to support our colleagues in Ukraine by donating and delivering essential equipment.
The events in Ukraine have deeply affected the fire and rescue community, and this convoy is a demonstration of our ongoing commitment to helping those still working under extreme conditions.”
The donated equipment will support firefighters in Ukraine who continue to operate in war zones to save lives and protect property—often at great personal risk. Since the conflict began, 100 Ukrainian firefighters have been killed and 431 injured. A total of 411 fire stations and 1,700 firefighting vehicles have been destroyed.
News
Huge slurry lagoon to be built in Pembrokeshire countryside

PLANS to build a new slurry lagoon at a 650-dairy herd Pembrokeshire farm have been given the go-ahead.
In an application to Pembrokeshire County Council, Richard Morris of Bowett Ltd sought permission for the construction of the lagoon, and associated works, at Quoits Hill Farm, Bentlass Road, Hundleton, near Pembroke.
A supporting statement through agent Cynllunio RW Planning Ltd stressed the applicant does not intend to increase livestock numbers on farm as a result of this 60 by 35 metre development.
“The Morris Family farm at Quoits Hill Farm and specialise in dairy farming. The farm is home to approximately 650 dairy cows plus followers. The herd is autumn calving with milk sold to Laprino. The home farm is grass based and extends to over 300 acres, with more off lying land utilised for growing winter forage.
“The family have invested significantly in recent years in on farm infrastructure to include a rotary milking parlour, silage clamps and covered feed yards.”
It added: “The proposed development seeks to increase the farms slurry storage capacity to above the five-month storage required by NVZ regulations. The existing slurry store and slurry handling facilities are not adequate to comply with the new regulations.”
It went on to say: “The proposed store will provide the farm with 6452 cubic meters of storage capacity (minus freeboard) which will equate to over 171 days storage. It is proposed to use the existing field slurry store as a lightly fouled water store to collect the parlour washings and reduce the size of the store required. Slurry will continue to be scrapped into the existing yard store and then pumped to the new store when required. This work will be monitored closely to reduce the risk of any leakage.”
It concluded: “The proposed development will enable slurry to be spread during the growing season rather than during more difficult weather conditions in the winter. This will be of benefit to farm efficiency and the wider environment.”
The application was conditionally approved.
News
Former Pembroke Dock church to be transformed into gym

PREVIOUSLY refused plans to convert an upstairs storage area for a gym on the site of a former Pembrokeshire town centre church to a flat have been given the go-ahead.
In an application to Pembrokeshire County Council, Gethin Beynon sought permission for a change of use of a second-floor storage area associated with the Synergy Health and Fitness Centre, Trinity Building, Meyrick Street, Pembroke Dock to residential accommodation.
The site was formerly the Bethel Baptist Church, in the town’s conservation area.
A previous 2021 application was refused on the grounds a balcony and roof lights would impact on the character and appearance of the building, and the conservation area, and “would result in a material and unacceptable increase in the levels of overlooking and would also result in the perceived overlooking of the private amenity areas of the dwellings immediately to the north and east of the site”.
The resubmitted application sought to address those reasons, with changes including a removal of the balcony to the north, a reduction in the number of velux windows, and amended designs.
A supporting statement said: “This amended design is not considered to result in a significant harmful overlooking impact and would reduce any overlooking perception to an acceptable level.
“With regard to amenity provision, this is limited, however given the proposal only forming a two-bedroom unit and having a sustainable location being in the Pembroke Dock settlement, with open space amenity provision and facilities being nearby the proposal would be acceptable.”
An officer report, recommending approval, said: “The development would provide new open market housing within the settlement boundary of the Hub Town of Pembroke Dock, resulting in positive environmental and social impacts through the appropriate reuse of the building and the increase in availability of varied accommodation in the local area and positive economic benefits through expenditure on building materials and on labour during constriction.”
The application was conditionally approved.
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