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Re: New high speed rail link ...is it worth it ?
How do you know none of the companies will be from the UK, Arthur?
Regarding 'pittance', sorry to bring facts to the discussion, but here you go....
https://www.gov.uk/government/news/g...sation-package
Quote:
The measures proposed today go beyond the statutory requirements by:
providing a government commitment to buy any owner-occupied home in the ‘safeguarded area’ closest to the route - as set out in law, the government will then pay the full un-blighted value of the property, along with additional compensation of 10% up to a value of £47,000.
establishing a ‘voluntary purchase zone’ immediately outside of the safeguarded area in rural areas, within which homeowners can sell their homes at their full un-blighted value....
....Under these measures, owner-occupiers of residential properties and owners of commercial properties (with a rateable value not exceeding £34,800) where some or all of the property is within the safeguarded area (usually 60 metres either side of the track) will be able to ask the government to purchase their property under compulsory terms at a time of their choosing after safeguarding directions are made (expected Spring 2013). This means they will receive the unblighted open market value of the property, a home loss payment (10% of the value of the property, up to £47,000) and disturbance costs (such as fees, removal costs and stamp duty on a new property of equivalent value).
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