Government recruits Oliver Wyman consultants to craft new football regulator March 29, 2022 The government have drafted in top consultancy Oliver Wyman to help design a new independent body that will be charged with regulating English football. According to reports from Mark Kleinman, the Department for Digital, Culture, Media and Sport (DCMS) has hired the New York-based firm to help build a response to Tracey Crouch’s contentious review of football’s [...]
Ex-Sainsbury’s director to share helm of government Environment Agency March 29, 2022 Environment secretary George Eustice has appointed the former Sainsbury’s director as deputy chair of the government’s Environment Agency. Retail veteran Judith Batchelar will step into the new role at the beginning of April as current deputy chair Richard Macdonald’s term ends. Batchelar, who resigned from Sainsbury’s after 16 years last May, worked in the food [...]
Boardroom shuffle: Mitie ushers in BT executive and former government adviser March 29, 2022 British outsourcing giant Mitie has undergone a boardroom shuffle, ushering in a BT executive and former special adviser to health secretary Sajid Javid. Stepping onto the board at the beginning of April, Chet Patel and Salma Shah join as non-executive directors. Patel, who will maintain his role as BT’s chief commercial officer and managing director [...]
Government agrees to extend TfL funding until June February 25, 2022 The UK Government has agreed to extending Transport for London’s (TfL) funds until 24 June, the public body announced today. According to TfL’s commissioner Andy Byford, while the £200m extension is very welcome the government still needs to consent to a longer-term financial deal to help the body avoid a £1.5bn financial black hole. “The [...]
Government reveals plans for Solvency II overhaul in bid to unlock funding boost April 28, 2022 The Government has revealed its plans to overhaul EU-era insurance regulation today in a bid to unlock billions of pounds of investment from the UK's insurance giants into UK infrastructure.
Fintech Founders attack government for inaction on closing funding gap February 25, 2022 A body representing some of the UK’s leading fintech bosses has attacked the government for inaction in closing a significant funding gap in the sector.
Interventions have merit, but government mustn’t get hooked on meddling March 28, 2022 The drumbeat towards another Sunakian save-the-day package has begun, it seems. It is barely weeks since the Chancellor’s first energy market intervention, a devillishly complicated scheme of rebates and discounts to reduce the pain of higher energy prices. Russia’s invasion of Ukraine has now added further upward pressure on those same costs, and it is [...]
Drax set for gains as it hopes to turn page on biomass farrago December 5, 2023 Drax is expecting a report into the government's biomass strategy to be released before the end of the year
Government plans to take stake in Sizewell C plant in nuclear push March 27, 2022 The government plans to snap up a 20 per cent stake in a major new nuclear plant in Suffolk as it scrambles to boost the country’s energy security amid soaring energy prices and war in Ukraine.
UK Government detains jets of Russian oil tycoon Eugene Shvidler March 26, 2022 The UK Government announced today it has seized two jets belonging to Russian oil tycoon Eugene Shvidler as part of its crackdown against Putin’s allies. Transport secretary Grant Shapps said the two planes, impounded at Farnborough and Biggin Hill airports for the last three weeks, would be “detained indefinitely.” “Putin’s friends who made millions out [...]