Bypass plan for potential new town dropped
A government agency which had proposed to build two bypasses to take a planned new town's traffic is now only planning one.
Homes England wants to build 3,400 homes at Chalgrove Airfield, Oxfordshire, and previously proposed building two bypasses, one through Cuxham and another through Stadhampton and Chiselhampton.
It still plans to build the latter but has dropped the proposal for Cuxham and wants to use traffic calming measures and a bike path there instead.
Many residents are opposed to the homes plan, as are South Oxfordshire District Council (SODC) and Chalgrove Parish Council, which said the plan would be "unsustainable due to its isolated location".
There are about 1,200 homes in Chalgrove currently and community events were held for residents about the project in April 2024.
The airfield has been used for decades by ejector seat maker Martin-Baker, which has a lease on the site until 2063. The firm has said it will not move willingly.
Homes England pulled an earlier plan in 2021 and concerns about the development and the proximity to the airfield's runway were previously raised by the Civil Aviation Authority and residents.
In documents shared by SODC, Homes England had previously planned to submit three planning applications for the development.
They would have included homes at the airfield and for its northern runway and two others for the bypasses.
Four are now planned. They would include an outline planning application for the airfield's main site, another for a realigned northern runway, one for the Stadhampton and Chiselhampton bypass and another for the Cuxham travel route.
Other proposals for traffic calming along the B480 and A329 within Stadhampton and Chiselhampton and the B480 through Cuxham are proposed but how "is yet to be determined", SODC said.
You can follow BBC Oxfordshire on Facebook, X (Twitter), or Instagram.
Spending on new market town plan nears £14m
Shapps denies lobbying against houses on airfields
Plan for new market town on airfield filed
Airfield objections derail housing plan
South Oxfordshire District Council
Homes England

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
Worried about a stock market crash? The Big Short's Michael Burry was…
The UK and US stock markets are once again approaching all-time highs. Markets have truly rebounded since Trump shocked the world with his trade policy. However, this rebound concerns me. These stock markets are trading near all-time highs despite a huge increase in the average effective US tariff, despite worsening geopolitical tensions, and despite sovereign debt concerns. Personally, I'm not sure investors have truly factored in the full impact of recent tariff increases on corporate earnings. Over the past year, average effective tariff rates have risen significantly, reaching levels not seen since the late 1930s. Under the Biden Administration, the average effective tariff rate was around 2.5%-2.7%. In May, that figure had risen to almost 20%. These tariffs have introduced new costs for businesses that rely on international supply chains. However, I just don't believe we've really seen the impact of them yet. After all, 'Liberation Day' took place at the beginning of Q2, and we're still in Q2. The full earnings impact of these tariffs is expected to become more visible in the second half of 2025, as companies report on their financial results and adjust to the new cost structures. Michael Burry, best known for predicting and profiting from the 2008 subprime mortgage crisis — a story retold in The Big Short — sold nearly all positions at Scion Asset Management in the quarter ending 31 March 2025. This move, alongside concentrated bearish bets through put options — bets that a stock will go down — on major tech and Chinese stocks, seemingly reflected his conviction that the market was sinking. Burry's only notable long was Estée Lauder, suggesting a defensive stance. However, 13F filings only show holdings as of 31 March, so his actions after that date remain unknown. As we know, the market slumped in early April but has since recovered. Within this context, I'm increasing looking at defensive options. I could look at farming stocks like Pilgrim's Pride, for example, which could outperform in a downturn. However, one option closer to home is the National Grid (LSE:NG.). The company recently reported strong financial results for the fiscal year 2025, with statutory and underlying pre-tax profit up 20%. The company is also investing heavily in its infrastructure, with a capital expenditure plan of £10bn aimed at modernising the energy grid and supporting the transition to renewable energy sources. This investment is part of a broader strategy to expand its regulated asset base, which is expected to grow by around 10% annually over the next few years. It does, however, introduce additional execution risk. Net debt is already £47.5bn — very sizeable. It's also not particularly cheap on face value. The stock trades at 14 times forward earnings, which may be a little demanding when we consider debt is on par with market capitalisation. Nonetheless, the forward dividend looks strong at 4.6%. The National Grid is not a stock I'd normally watch, but given my concerns about the potential overheating of the market, it's something I'm adding to my watchlist. It may be worth considering. The post Worried about a stock market crash? The Big Short's Michael Burry was… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended National Grid Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
These are the 3 most popular dividend stocks investors are buying in June
The London Stock Exchange is filled with dividend stocks and income opportunities. In fact, it's home to some of the most generous payouts in the world, with the FTSE 100 offering one of the highest dividend yields compared to other global stock market indices. That's terrific news for British investors seeking to build a lucrative passive income stream, especially since individual stocks from within the FTSE 100 offer even higher rewards. And looking at the most amount of money invested into UK shares on Hargreaves Lansdown's platform, three stocks in particular are getting a lot of attention right now: Glencore, Rio Tinto, and BP (LSE:BP.). Sadly, popularity doesn't automatically make a stock a good investment. So investors always need to dig a bit deeper to determine both the risks and potential rewards. Looking just at the dividend yield, the popularity of BP isn't hard to understand. The dividend stock currently offers an impressive 6.6% payout to shareholders. And if the current analyst forecasts prove accurate, the oil & gas giant's market-cap could also be due with a nice 11% bump over the next 12 months. Behind these attractive figures is a shift in strategy to slow its transition away from fossil fuels. Environmentalists are hardly pleased with this idea. However, investors are more welcoming of the change of course given the group's recent underperformance versus its peers. The realignment towards fossil fuels is paving the way for more robust profit margins protecting the group's dividend. And while the firm's still investing in renewable projects, the budget's been cut from $5bn to £2bn to free up unused excess cash flows and provide management with more financial flexibility. This means faster deleveraging of the balance sheet and potentially larger increases in shareholder payouts moving forward. Needless to say, improved financial health is a positive sign. And it's one of the leading reasons why sentiment from institutional analysts has improved significantly in 2025. As previously mentioned, BP's renewed focus on fossil fuels has seemingly gone down well with investors. But not all groups are happy about the decision. And it's possible BP could face regulatory backlash as we draw closer to Net Zero targets throughout the UK and Europe. This change in strategy also increases the revenue stream's sensitivity to fluctuating oil & gas prices. Such commodity exposure isn't a new threat to BP. But with trade wars, geopolitical conflicts, and production disputes among OPEC+ members, uncertainty is on the rise. Should the worse come to pass, the group's largely fixed costs will likely translate into thinner profit margins and lower free cash flow generation. And if this pressure becomes too much to bear, a dividend cut could emerge even with more profitable fossil fuel projects in its pipeline. All things considered, BP's current high yield is a reflection of the uncertainty and risk surrounding this business. It's a similar story for Glencore and Rio Tinto, both susceptible to similar threats in the metal markets. Therefore, despite the popularity of these dividend stocks, I think there are more promising, lower-risk income opportunities to explore elsewhere. The post These are the 3 most popular dividend stocks investors are buying in June appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Want to turn a £20k ISA into a £1k second income overnight? Here's how
With so many dividend-paying companies to choose from, it's not difficult for UK investors to generate a second income in the stock market. And those fortunate enough to have £20,000 sat in their Stocks and Shares ISA can immediately start earning an extra £1,000 a year just by investing in 5%-yielding shares. And looking across the FTSE 350, there are quite a few businesses offering such potential. As of June, there are 66 stocks within the FTSE 350 offering a 5% or more level of payout. And this list includes some fairly big names such as HSBC at 5.5%, Aviva at 5.9%, and Imperial Brands (LSE:IMB) at 6.7%. Snapping up £20,000 worth of shares in any of these stocks would instantly start generating even more than £1,300 in passive income. However, just because a stock offers an attractive yield, that doesn't mean it's a guaranteed winning investment. Don't forget dividends can be cut at any time if the underlying business doesn't generate enough cash flow. As such, some due diligence is crucial before jumping in. With that in mind, let's zoom in on the highest-yielding enterprise on this list – Imperial Brands. High yields and tobacco companies aren't a new phenomenon. ESG investors actively avoid buying shares in these types of businesses, while many others are put off by the increasingly hostile regulatory landscape. As such, Imperial Brands, along with other companies like British American Tobacco, have long offered impressive levels of payouts for their shareholders. What's more, both businesses have long track records of steadily hiking their dividends over time. So far, that sounds fairly advantageous for those seeking a second income. Even more so, given management has recently reiterated its targets of growing its free cash flow to as high as £3bn to fund future dividends and share buybacks. However, while that certainly sounds encouraging, hitting this milestone is far from guaranteed. The firm's latest interim results were fairly lukewarm, with sales falling by 3.1% and operating profits sliding by 2.5%. While these figures were in line with market expectations, the announcement that CEO Stefan Bomhard is stepping down later this year came as a surprise to many. Despite only being in the role for five years, Bomhard's retiring and will be moving out of the corner office in October. Under his leadership, the company emerged from the pandemic and more than doubled its market cap. And although he's selected the current CFO Lukas Paravicini to succeed him, he has some pretty big shoes to fill. Undergoing a leadership transition while navigating through a tough regulatory environment and an ongoing rollout of new non-tobacco products is no easy feat. This risk's undoubtedly a big reason why the shares are down almost 10% since the announcement. So is this a stock worth considering for generating a second income right now? That all depends on personal risk tolerance. If Paravicini can continue to execute Bomhard's strategy successfully, then a lucrative income stream seems likely. But if he can't, the recent dip might be the start of another protracted decline in Imperial Brand's share price. Investors will have to mull over the possibilities to determine if the risk's worth the potential reward. The post Want to turn a £20k ISA into a £1k second income overnight? Here's how appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended Imperial Brands Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio