Swelling debt interest bill fashions second highest April government borrowing on record at £25.6bn May 23, 2023 A near £10bn debt interest bill helped to push UK borrowing to the second highest monthly total for April since records began in 1993, official figures out today reveal. The government took on an additional £25.6bn of debt last month, above market expectations and up from £13.7bn in the same month last year, according to [...]
Energy providers demand government incentives to stop UK providers losing out on green projects February 20, 2023 The energy sector is ramping up pressure on the government to bolster the investment climate for green projects.
‘Milestone in returning NatWest to full private ownership’ as government sells £1.26bn worth of shares May 22, 2023 The government has sold £1.26bn worth of its shares in NatWest as it continues to sell-off its stake in the bank it bailed out after the 2008 financial crisis. The shares, sold at 268.4p each, represent 4.95 per cent of NatWest’s share capital and takes it stake below 40 per cent. The Economic Secretary to [...]
Australia follows UK, US, Canada and New Zealand in banning TikTok from government devices April 4, 2023 Australia has become the last of the Five Eyes security partners to ban the Chinese-owned video-sharing app TikTok from its federal government’s devices. Attorney-General Mark Dreyfus said in a statement on Tuesday that based on intelligence and security agencies’ advice, that ban would come into effect “as soon as practicable”. The so-called Five Eyes intelligence-sharing [...]
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Government and private sector pump up to £100m into HGV roadside facilities November 25, 2022 Both the UK Government and the private sector are pumping up to £100m into the improvement of HGV roadside facilities such as rest areas. Roads minister Richard Holden has announced the investment will improve facilities such as showers and restaurants as well as increase parking space. The funding will be available in the form of [...]
Let’s unleash blockchain to disrupt government corruption July 14, 2022 Corruption has a disproportionate effect on the poor and most vulnerable but blockchain can help fix this, says Nigel Green.
Exclusive: Government has botched Bulb crisis, says Westminster chair October 13, 2022 The Government has wasted Bulb protracted and pricey stint in administration, driving up costs for consumers.
‘Lavish’ spending culture of government ministers including £345,000 ‘restaurant and bar’ bill revealed February 13, 2023 Ministers are accused of overseeing a “lavish spending” culture in Whitehall with taxpayers’ money wasted on luxury items, after Labour analysis of government procurement cards. Concerns were raised over alcohol and dining purchases by the Labour Party including almost £345,000 by foreign office officials in 2021 under the heading “restaurants and bars”, as well as [...]
Free market think tanks back solar projects as Government considers clampdown November 21, 2022 Two of the UK's leading free market think tanks have raised concerns over the potential tightening of solar power planning rules.