Crypto: Government is considering ‘world first’ regulatory regime in UK bid to become digital asset hub January 31, 2023 The government has set out plans to “robustly regulate” the crypto asset industry as it seeks to become a cryptocurrrency hub despite the problems faced by the industry last year. The proposals include rules for crypto trading platforms and a “world-first” regime for crypto lending, as the government seeks to “embrace technological change”. Proposals will [...]
UK receives lowest ever score on corruption index as Britain’s reputation suffers after a string of political scandals January 31, 2023 Britain has received its lowest ever score and ranking on Transparency International’s annual Corruption Perceptions Index (CPI). The drop “is a powerful indictment” in the decline in public standards, campaigners say, which have been dragged down by a series of recent government scandals around the procurement of PPE during pandemic and multiple ministerial breaches. The [...]
TfL’s fare hike will hurt London’s competitiveness, City groups warn January 19, 2023 Campaigners have warned that TfL’s fare increase could hurt London’s competitiveness as mayor Sadiq Khan said his hands were tied by the government’s bailout deal. Khan announced yesterday that bus and tube fares will go up by just shy of six per cent, in line with what ministers announced for rail in mid-December. The hike [...]
Clawback: How Barclays is chasing down Covid-19 business loan cash January 10, 2023 Barclays has teamed up with a specialist insolvency practitioner to recover money loaned to small businesses through the UK’s Covid support schemes. The British bank has joined forces with insolvency firm Manolete Partners to recover emergency loans paid through the UK government backed Bounce Back Loan Scheme (BBLS), the Financial Times first reported. The UK’s [...]
UK public procurement reforms could create £4bn ‘accountability gap’, campaigners warn January 8, 2023 Plans to overhaul the UK’s public procurement processes risk creating an “accountability gap” around the use of public funds, anti-corruption campaigners have warned. The plans, which aim to make it easier for small businesses to win contracts from the UK government, seek to simplify the country’s procurement processes and make them easier to navigate. The [...]
Rishi Sunak calls for ‘radical’ action as NHS on ‘knife-edge’ January 7, 2023 Rishi Sunak has urged health leaders at an emergency meeting to take “bold and radical” action to alleviate the winter crisis in the NHS. The Prime Minister told them during Downing Street talks on Saturday that a “business-as-usual mindset won’t fix the challenges we face”. Critics said the discussions would be just a “talking shop” [...]
Iran executions condemned by Cleverly amid Tehran crackdown on Mesa Amini protests January 7, 2023 Britain has condemned Iran’s execution of two men connected to nationwide protests sparked by the death of Mahsa Amini as “abhorrent”. Foreign Secretary James Cleverly urged Tehran to “end the violence against its own people”, with four men known to have been executed since demonstrations began in September. Iran’s judiciary said Mohammad Karami and Mohammad [...]
Government to push through laws which would ban strikes among some public sector workers January 5, 2023 The UK Government is to introduce a set of strike-busting laws as public sector unions continue to ballot members on ongoing industrial action. The Department for Business, Energy & Industrial Strategy (BEIS) has announced the introduction of a bill in Parliament over the coming weeks, Over recent months, strikes – especially those on the railway [...]
RMT to resume rail strikes talks with government on Monday January 4, 2023 The RMT will resume talks over ongoing rail strikes with the government this Monday, according to union boss Mick Lynch. Lynch told GB News that government officials contacted the RMT earlier this week to “get a meeting in” early next week. The announcement comes as over 40,000 workers at Network Rail and 14 other train [...]
Transport secretary: Covid-positive China arrivals will not have to isolate January 3, 2023 Transport secretary Mark Harper has confirmed the UK will not require Covid-positive arrivals from China to quarantine despite mounting calls from the Health Security Agency to identify and test cases. The transport secretary told LBC today that travellers from China will not be forced to isolate and said the policy to test arrivals was put [...]