Government’s controversial Drax biomass subsidy faces political backlash Drax The UK government has published a consultation exploring different funding options for Drax's biomass-fired power plant
Governance Tech Sponsored AIM ESG Performance: Governance in Technology Addidat has collaborated with Nurole on its AIM ESG series, providing information about AIM companies’ ESG requirements and performance, along with practical suggestions about what firms can do to improve. This article focuses on governance performance of companies operating in the technology sector, specifically addressing two key questions: how firms govern ESG [...]
Business groups slam government’s ‘politics over economics’ migration plans BUSINESS Salary thresholds for skilled worker will be increased to £38,700, under new plans to cut the levels of legal migration into the UK, ministers have confirmed.
‘Disastrous’: London airports slam UK Government’s tourist tax August 16, 2023 Bosses at three leading UK airports have warned the government that its so-called ‘tourist tax’ is already making Britain a less appealing tourist destination. Senior figures at London City, Heathrow and Gatwick argued that the return of airside VAT-free shopping would be critical for the sector to finally shake-off Covid-19 and keep pace with international [...]
Will the US government’s ballooning fiscal deficit put the Federal Reserve’s independence at risk? March 20, 2024 Fiscal dominance is when the decisions of an independent central bank are driven by how it might impact governments rather than inflation.
The government’s levelling up cash for Canary Wharf is a step in the right direction for London March 9, 2024 A taxpayer loan of over £118m being handed to Canary Wharf to help elevate its life science offering and build news homes has inevitably raised some eyebrows across London.
Government’s £800m offshore wind auction budget not enough, analysts warn March 6, 2024 Despite a budget increase, the UK's next round of auctions for offshore wind looks set to disappoint on power generation returns.
Government’s Rwanda asylum policy is unlawful, Court of Appeal rules June 29, 2023 Government plans to deport asylum seekers to Rwanda are unlawful, the Court of Appeal has ruled. In a decision on Thursday, three judges overturned a High Court judgment that previously said the east African nation could be considered a “safe third country”. The Court of Appeal’s decision was announced by the Lord chief justice Lord Burnett during [...]
Offshore wind auction expected to be major letdown for government’s green agenda September 7, 2023 The latest auction round for offshore wind is expected to be disappointing for the energy sector, with close to zero bids.
Complacent or cautious? City grandees divided on Government’s Square Mile cheerleading August 22, 2023 City grandees are divided about the pace and scope of the government’s reforms to capital markets, as pressure grows to boost the UK’s financial hub quickly. Responding to growing concerns around the state of London’s capital markets, the government has launched a slew of reviews designed to reinvigorate the City. City minister Andrew Griffith claimed [...]