|This article appeared in The Diss
Express on 23 July 2010
Rush-hour congestion is hitting town centre
South Norfolk MP Richard Bacon brings Diss Express readers up to date with some of his recent work in the community
Last Friday I joined Diss Town Councillors and Vinces Road business owners to see the late afternoon rush hour congestion at the junction of Vinces Road and Victoria Road.
It would also help in attracting new businesses to fill up the empty units. The loss of jobs and especially of unskilled and semi-skilled jobs is having a knock-on effect on shops and businesses in the town centre.
Currently Persimmon Homes is planning to erect flats and houses which may cover the site of the proposed road. I am meeting with Persimmon Homes soon to discuss this.
It is always good to see an independent local business doing well and I was pleased to visit Lexham Insurance, a Diss success story.
Its main business is insurance for mopeds, scooters and motorcycles. Motorcycles are a popular form of transport which offer an economical and green alternative to cars, and Lexham has used this popularity to build an excellent business.
Starting from scratch 10 years ago Lexham now employs 65 staff, making the company an important local employer. I was surprised to learn that the motorcycle industry is worth some £7 billion to the UK economy, so there is plenty of room for growth for a well-run business like Lexham.
I look forward to seeing continued success in future.
I have been contacted by a number of constituents who have been affected by the collapse of Keydata Investment Services, whose products were sold by branches of Norwich and Peterborough Building Society. The Society believes that 3,500 people have been affected in the East of England, many of whom have lost substantial amounts of money which they were relying on for retirement income.
I met with the Chief Executive of the Norwich and Peterborough recently and I am pleased that the Society has offered investors in Keydata an interest-free loan to tide them over. However, there are still many questions to be answered.
I will soon be meeting officials from the Financial Services Compensation Scheme, whom I will be asking to sort out this growing scandal as quickly as possible.
I will keep you posted.
|© Richard Bacon 2010|