Russian government rolls back intellectual property rights in response to Western sanctions March 9, 2022 The Russian government is pushing forwards with plans to undermine intellectual property rules and reverse the rights of Western patent holders, in an effort to counter the impacts of Western sanctions. The Russian government this week said Russian companies have no obligation to pay patent holders from countries that sanctioned Russia for use of their [...]
MPs slam government for ‘meagre ambition’ in plans to cut Crown Court backlog March 9, 2022 A group of MP’s tasked with overseeing government expenditure has said the government’s “meagre ambition” in its plans to cut the court backlogs will mean victims, defendants, and witnesses will continue to face “unacceptable delays” in waiting for trials. In a highly critical report, the Public Accounts Committee (PAC) slammed the government for its “meagre [...]
Developers looking at ‘legality’ of government demand to commit to funding cladding remediations February 7, 2022 Builders have accused the government of taking a disproportionate approach with its plans to relieve leaseholders of remediation costs for unsafe flats. Developers were sent a letter by the government last week calling on them to sign a legally binding agreement that committed them to covering the costs of fixing tower blocks with dangerous cladding. [...]
As government debt jumps to fund defence spending, our economy will pay the price March 9, 2022 Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes [...]
London receives cap reduction in government crackdown on private parking fines February 7, 2022 London will receive a smaller overall reduction as part of a government crackdown on private parking fines which will protect motorists from “aggressive debt collection and unreasonable fees.” Under a new parking code of practice introduced by the government today, the cap for private parking fines will be cut in half, going from £100 to [...]
UK ports call on government to compensate them for delaying post-Brexit checks by 18 months May 5, 2022 UK ports have called on the government to compensate them for delaying post-Brexit checks by more than a year and a half. According to the ports, the government delays on checks on European animals and plants announced last week mean that the high-tech facilities built for the inspections will remain empty until the end of [...]
Blackstone boss Steve Schwarzman to speak at London investment summit October 30, 2023 Blackstone's top honcho, Steve Schwarzman, is reportedly set to take the stage at the UK government's Global Investment Summit.
Shell goes tax free in the North Sea after £100m government refund April 6, 2022 Energy giant Shell paid no tax on its oil and gas production last year even as the global energy crunch saw it profits soar to more than $19bn.
UK government provided £7.4bn for global exports last year and supported 72,000 jobs July 1, 2022 The UK government provided £7.4bn for global exports last year and supported 72,000 jobs in the country. The financial aid from UK Export Finance helped businesses nationwide for exports to 61 countries and added £4.3bn gross value to the economy, The £7.4bn is the highest level for 14 years, with the total support over five [...]
Musk calls for the US government to scrap EV subsidies December 7, 2021 Celebrity entrepreneur Elon Musk has called out a proposed $2tn (£1.5tn) spending package to support electric vehicles as unnecessary.