Australian property fintech PEXA gears up for government-backed UK launch February 15, 2022 Australian property fintech PEXA is set for a UK expansion with backing from the UK government as it looks to roll out a remortgage platform for UK mortgage lenders.
Business groups blast government’s back-to-work guidance for lack of clarity July 15, 2021 Business leaders in the UK have slammed yesterday’s renewed government back-to-work guidance for its mixed messages that have “done little to dispel confusion” over returning to the office. BEIS officials published new guidance yesterday – a day later than expected – that called for a “gradual return” to the office from 19 July, as the [...]
Government vows to ‘drive dirty money’ out of the UK economy through new Economic Crime bill May 10, 2022 The UK government has vowed crack down on “kleptocrats, criminals, and terrorists” by driving “dirty money” out of the UK economy through its new Economic Crime Bill. The new bill is set to boost transparency, strengthen powers to seize and recover crypto assets, and bolster the investigative powers held by Companies House. Anti-corruption campaigners [...]
Queen’s Speech: Opposition leaders attack government for cost of living inaction and lack of employment bill May 10, 2022 Opposition leaders have rounded on the government for inaction on the cost of living crisis and energy security today, after ministers set out their fresh legislative agenda for the next session of parliament in the Queen's Speech.
Private equity firm set to finalise £200m deal to take over government contracts Amey Plc June 6, 2022 The London private equity firm that currently employs ex-Tory minister Philip Hammond is seeking to a finalise a deal to takeover one of Britain’s biggest civil engineering firms, Amey Plc. Buckthorn Partners, which took on Lord Hammond as a partner in 2020, has teamed up with US private equity firm One Equity Partners to buy [...]
Government faces backlash over HS2 overhaul November 17, 2021 The government is facing criticism from small businesses and rail unions over plans to overhaul the designs for HS2. Transport Secretary Grant Schapps will tomorrow announce changes to the planned HS2 rail routes between major cities in the North and Midlands as part of the government’s £96bn “Integrated Rail Plan.” The rumoured redesign has drawn [...]
High gas prices here to stay, as government faces more pressure to provide support with energy bills May 9, 2022 High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households struggle with the cost of living crisis.
Government injects £23m to boost UK skills and diversity in AI jobs February 10, 2022 The government has pumped £23m into Artificial Intelligence (AI) and data conversion courses for young and underrepresented groups, as the UK aims to be the industry leader. There will be up to two thousand scholarships for masters AI conversion courses, and the aim is to create a new generation of experts in data science and [...]
Government pauses smart motorways for five years following safety concerns January 12, 2022 The UK Government has announced it will put the development of 57 miles of new ‘all-lane’ smart motorways on hold for five years, following safety concerns. As a result of today’s decision, smart motorways works on the M3, M40/42, M62 and M25 will be suspended. The project’s safety and economic data will be collected for [...]
Chinese government advisor says ‘fake news’ is fuelling China’s hostility towards the West March 10, 2022 A leading advisor to the Chinese government has called on the Chinese Communist Party (CCP) to crack down on people spreading false information online, after claiming that fake news is polarising Chinese public opinion and fuelling hostility towards the West. Jia Qingguo, a senior government advisor and the former dean of the School of International [...]