Britain faces a ticking time bomb of older people sleeping rough, with more than 200 older people becoming homeless each month and their numbers set to spiral, local councils said in a report released yesterday.
The councils said the emergence of homelessness among the over-60s reflected the weak state of the economy, with a vulnerable new part of the population joining a homeless community made up of mostly young Britons.
From April to June this year, more than 600 people aged over 60 were made homeless — more than twice the rate of 2009, said a report by the Local Government Association (LGA), which represents local government authorities in England and Wales.
Unless urgent action is taken, this rate is set to double again by 2025, said Izzi Seccombe, chair of the LGA’s Community Wellbeing Board.
“Traditionally, homelessness is associated with young people and it is a tragic fact that a person suffering homelessness lives to an average age of only 47,” Seccombe said.
“But we are facing a ticking time bomb in older homelessness, with an alarming rise in the number of older people becoming homeless. While the actual numbers are relatively low, at the current rate, this will spiral in just a few years,” she said in a statement.
The report, compiled by more than 370 local authorities, said rapidly rising rents and stagnating earnings were responsible.
The government must confront the under-supply in specialist housing for older people and lift restrictions that prevent councils from borrowing money to build, the LGA said.
A government spokesman said it was aware of the particular challenges of older homelessness, including the need for expert help to prevent people ever falling into homelessness.
“That’s why we’re spending £550 million [US$731.67 million] until 2020 to tackle homelessness and rough sleeping, as well as supporting the Homelessness Reduction Act,” he said.
British Prime Minister Theresa May last week said the government would lend councils £2 billion to create 25,000 new affordable homes and help fix what she said was a broken market.
EXTRATERRITORIAL REACH: China extended its legal jurisdiction to ban some dual-use goods of Chinese origin from being sold to the US, even by third countries Beijing has set out to extend its domestic laws across international borders with a ban on selling some goods to the US that applies to companies both inside and outside China. The new export control rules are China’s first attempt to replicate the extraterritorial reach of US and European sanctions by covering Chinese products or goods with Chinese parts in them. In an announcement this week, China declared it is banning the sale of dual-use items to the US military and also the export to the US of materials such as gallium and germanium. Companies and people overseas would be subject to
WORLD DOMINATION: TSMC’s lead over second-placed Samsung has grown as the latter faces increased Chinese competition and the end of clients’ product life cycles Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) retained the No. 1 title in the global pure-play wafer foundry business in the third quarter of this year, seeing its market share growing to 64.9 percent to leave South Korea’s Samsung Electronics Co, the No. 2 supplier, further behind, Taipei-based TrendForce Corp (集邦科技) said in a report. TSMC posted US$23.53 billion in sales in the July-September period, up 13.0 percent from a quarter earlier, which boosted its market share to 64.9 percent, up from 62.3 percent in the second quarter, the report issued on Monday last week showed. TSMC benefited from the debut of flagship
TENSE TIMES: Formosa Plastics sees uncertainty surrounding the incoming Trump administration in the US, geopolitical tensions and China’s faltering economy Formosa Plastics Group (台塑集團), Taiwan’s largest industrial conglomerate, yesterday posted overall revenue of NT$118.61 billion (US$3.66 billion) for last month, marking a 7.2 percent rise from October, but a 2.5 percent fall from one year earlier. The group has mixed views about its business outlook for the current quarter and beyond, as uncertainty builds over the US power transition and geopolitical tensions. Formosa Plastics Corp (台灣塑膠), a vertically integrated supplier of plastic resins and petrochemicals, reported a monthly uptick of 15.3 percent in its revenue to NT$18.15 billion, as Typhoon Kong-rey postponed partial shipments slated for October and last month, it said. The
COLLABORATION: The operations center shows the close partnership between Taiwan and Japan in the field of semiconductors, Minister of Economic Affairs J.W. Kuo said Tokyo Electron Ltd, Asia’s biggest semiconductor equipment supplier, yesterday launched a NT$2 billion (US$61.5 million) operations center in Tainan as it aims to expand capacity and meet growing demand. Its new Taiwan Operations Center is expected to help customers release their products faster, boost production efficiency and shorten equipment repair time in a cost-effective way, the company said. The center is about a five-minute drive from the factories of its major customers such as Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) advanced 3-nanometer and 2-nanometer fabs. The operations center would have about 1,000 employees when it is fully utilized, the company