Capitalist economies depend on private business investment, and all governments in similar states compete to induce businesses to invest through various policy interventions. In so doing, they compete with other governments to retain current investors […]
The Guardian reports that Foxconn received an estimated $3 billion in subsidies from the state of Wisconsin in support of its plans to build an LCD screen manufacturing facility there. Read more here: Foxconn’s $10bn […]
Sir David Metcalf, director of labour market enforcement, has said that many UK companies are violating the living wage law by underpaying their employees and that the government must implement stricter enforcement and harsher penalties […]
The Guardian reports that the UK has plans to invest £246m in battery technology as part of its new industrial strategy. It is expected that most of the funding will go to the automotive and […]
The Guardian reports that several hundred banks have now contacted German authorities about setting up new European offices there in preparation for Brexit. Morgan Stanley is reportedly the most recent to do so. Read more […]
At Corporate Welfare Watch, it’s part of our mission to bring you searchable and easy-to-understand data that illustrate the volume and types of support that the UK government gives to private businesses. Now, in addition […]
JP Morgan’s Jamie Dimon, chairman, president, and CEO of the bank, has called out finance journalists for failing to report on the impact of US government policy on the average citizen. Dimon harangued journalists for […]
Costas Pitas for Reuters reports that Toyota received reassurances from the government, similar to those received by Nissan, prior to announcing its latest £240 million investment in its Burnaston plant. An anonymous source reported that Toyota […]
The UK government will offer up to £86 million in funding to UK firms that work to develop ‘medical breakthroughs.’ Funds will go to small and medium sized enterprises (SMEs) that wish to develop and […]
The Guardian reports that the Irish Business and Employers Confederation (Ibec) have asked the Irish government and the EU to support Irish businesses with as much as €1bn in state aid to offset the instability and […]
The government has announced a new finance initiative aimed at exporters and supply chain small and medium sized enterprises (SMEs) designed to expand the number of businesses eligible for UK Export Finance (UKEF) via partner […]
The UK government has given £100 million in funding to companies within the UK space sector. Of that, £99 million comes from the Industrial Strategy Challenge Fund and is earmarked for the creation of a […]
Two of the largest German industry groups have warned the UK that German industry will not help to secure post-Brexit trade deals. Rather, they stated, their priority will be protecting the single market for the […]
The government announced on 8 July 2017 that it has made available £20 million in funding for companies that wish to develop vehicle-to-grid energy projects, as part of its new Industrial Strategy. The scheme is […]
The Financial Times reports that investment in the UK car industry has plummeted since the June 2016 referendum, having fallen to £322m during the first half of 2017, according to industry data compiled by SMMT. Investment during 2016 within […]
In a searing piece for The Guardian, Patrick Collinson reports on the extreme manner in which the rising cost of necessary utilities has far outstripped increases in averages wages over the last decade. Collinson references a […]
Copyright: Corporate Welfare Watch 2017