FTSE 100 companies received £583,854,691 in government subsidies, according to research carried out by Corporate Welfare Watch.
The Government’s bank bailout meant that the financial sector received the most subsidies. Away from banking, notable recipients included BAE Systems (£44,782,094), Tesco (£10,396,037) and Unilever (£8,044,494).
To find out more about where the money goes, visit the CWW database.
Amazon is set to receive around $4.6 billion in corporate welfare from the US taxpayer, reports Good Jobs First. These subsidies are used by states to entice Amazon to locate operations and investment within their […]
FirstGroup made a £40m dividend from Great Western Railway (GWR) last year, despite previously exiting its GWR contract to avoid paying £800m to the government. FirstGroup has run GWR since it was privatised in 2006. […]
The UK Government is planning major changes to how farming is conducted and how farmers are paid. Legislation introduced to Parliament on 12 September would replace payments linked to land with funding for providing “public goods”. […]
Copyright: Corporate Welfare Watch 2017