by Nicki Cole in Company report
Kevin Farnsworth *An edited version of this piece appears in Tribune: https://tribunemag.co.uk/2020/05/corporate-welfare-is-not-the-exception-its-the-rule Although the present Covid-19 crisis is one of the most serious health crises in living memory, it also threatens to create […]
There has been a great deal of interest in recent years in the direction of travel of the main political parties in the UK. The Conservative and Labour Parties have both been accused of harking […]
Source: Revealed: global video games giants avoiding millions in UK tax | Games | The Guardian
We have written before on the way in which governments subsidise aircraft manufacturers. To build an aircraft requires huge investment and risk and both are beyond many companies. Governments also have an interest in continual […]
One of the UK’s biggest providers of probation services has collapsed. Working links, an employment and probation services company entered administration on 15 February. The outsourcing company had been severely criticised by inspectors. The Chief […]
Almost one quarter of public sector contracts awarded in 2018 went to sole bidders. The Financial Times reports that the number of contracts awarded without competitive tender rose to 23 per cent in 2018. In 2016, […]
Universities offer the opportunity to gain new knowledge, learn new skills, and to build the foundations for future careers. But these opportunities come at a cost – universities, perhaps often seeming like unflappable, unwavering institutions, […]
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 […]
The Centre for Health and the Public Interest (CHPI) has recently published a report on private finance initiatives (PFI). The report, intended for policy-makers, outlines five options for coping with PFI and its lasting effects, […]
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 has announced a £350m bailout for the delayed Crossrail project. Crossrail, is a new east-west rail line running through London. The route, to be known as the Elizabeth Line was due to […]
A recent BBC article has shed light on yet another failed PFI contract – this time, involving elderly care in Northamtonshire. Looking at the results of Northamptonshire’s Stabilisation Plan, the BBC report discussed how the 25-year contract […]
Highlighting findings from the Royal College of Radiologists, ‘Clinical Radiology UK Workforce Census 2017 Report’, a recent BMJ news article calls attention to the rising expenditure by the NHS on outsourced radiology patient scans. With […]
Virgin Trains and Stagecoach shared a £51.2m payout from the West Coast Main Line franchise, it has emerged. Together, Virgin Trains and Stagecoach own the West Coast Main Line franchise operator – Virgin Rail Group. […]
The rise of Carillion alongside the UK government’s promotion of private finance initiatives from the early 2000’s may have largely been heralded as a success until Carillion’s unprecedented demise early on this year. As Rebecca […]
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 […]
Did you know that the Top 10 recipients of corporate welfare in England received 80 percent of all funds distributed within the region between 2004 and 2017, according to our Corporate Welfare Database? It’s worth […]
Higher EU agricultural subsidies helped the farming business of Sir James Dyson to make a profit for the first time last year. Beeswax Dyson Farming generated a pre-tax profit of £747,000, compared to a loss […]
The Scottish Government has given £1.9m to The Oil & Gas Technology Centre (OGTC) to fund a new National Decommissioning Centre of Excellence (NDCE). The NDCE will be hosted by Aberdeen University and will be […]
The Universities of Leicester, Southampton, Surrey, Edinburgh and Open University have been given £4.8m by the government’s Connecting Capability Fund to fund research and innovation in the space industry. The universities are part of the Space […]
As part of its Industrial Strategy, the UK government is investing an additional £8m into a programme aimed at commercialising university research. The programme is funded by Innovate UK as part of UK Research and Innovation […]
Three projects in the North East of England were awarded a total of nearly £15m as part of the Industrial Strategy, Government announced in late-March 2018. Recipients include Northern Accelerator, a university consortium led by Durham […]
Copyright: Corporate Welfare Watch 2017