Irish authorities reported that they have secured deals with many London-based banks and financial institutions to move some aspects of their operations to Dublin prior to Britain’s exit from the EU. Kieran Donoghue, head of […]
The only UK searchable database of grants and subsidies to the private sector.
A May 2017 report by the Work and Pensions Select Committee of the House of Commons highlighted the dishonest practice by some employers of relying on “self-employed” workers as a way to save money and undermine workers […]
Google — a company that has depended on state-backed research, innovation and legal protections, and boasted about its ability to dodge national taxes — has reached another deal with a government to pay back some of the […]
Polly Toynbee opines in The Guardian that Prime Minister Theresa May has so far failed to follow through on pledges made in her pitch for the leadership regarding limits on exorbitant executive salaries. Toynbee points out […]
The Times reports that The Association of the British Pharmaceutical Industry (ABPI) has warned that major drug companies may leave Britain if the NHS is not funded an additional £20 billion per year. The organisation […]
The Information Commissioner, who arbitrates in cases where Freedom of Information Requests are not properly dealt with, has ruled that the Welsh Assembly was wrong not to disclose the amount it provided to Aston Martin […]
Daniel Boffey for The Guardian reports that carmakers operating in the UK have significantly decreased investment over the last year due to concerns fueled by the uncertainty of what post-Brexit trade looks like for the British […]
Labour MP and Shadow Chancellor of the Exchequer John McDonnell stated that if Labour wins, they would require companies with greater than £36m in turnover or more than 250 employees to file a complete tax […]
The Business Secretary Greg Clark announced on April 11, 2017, funding of £29 million to support the work Roslin Institute, University of Edinburgh. This Department of BEIS added that this investment is part of a larger […]
The Independent reports that Microsoft is threatening to shift investment out of the UK, following previous announcements from UBS and HSBC to shift jobs to the EU. A link to the story is here: http://www.independent.co.uk/news/business/news/brexit-us-firms-trade-threat-london-eu-move-uk-relocate-move-report-a7473251.html
The latest in a series of demands. This from the City – an attempt to use Brexit to pressure the government into making concessions to business. If the UK government doesn’t budge – other governments will be […]
Goldman Sachs has announced that it will begin moving hundreds of staff from London to Frankfurt and Paris prior to the UK’s exit from the EU as part of a contingency plan. Richard Gnodde, chief […]
The head of European manufacturing at Nissan has given evidence to the International Trade committee this week. It provides a glimpse into the way in which Brexit will divert energy and resources to the largest […]
Piece from the Guardian pointing to an investigation by the competition authority into price fixing within the pharmaceutical industry. Actavis charged NHS 80% more for hydrocortisone tablets after incentivising rival Concordia not to launch its […]
GM has apparently promised to continue investing in the UK. The desperation of the British government to retain investment, coupled with the increased bargaining power of transnationals, will inevitably redirect government funding and attention towards capital. The […]
Workers and taxpayers more generally are being asked to provide more assistance to TATA – in order to keep it in the country. A win for the company whichever way you look at it. This from the Guardian: […]
Theresa May launched an industrial strategy on 23rd January, marking a change in tone from government policy under David Cameron. May stated that the strategy “…will be underpinned by a new approach to government, not just […]
The Guardian and the Daily Mirror have run stories on the amounts paid to ATOS and Capita by the DWP to run their “fitness to work” test. Both companies have been heavily criticised for the way they have run the […]
This is an interesting piece by Tom Bergin of Reuters – assessing the cost of ‘Brexit compensation’ in the wake of the government’s promises to Nissan. Bergin writes: Compensating carmakers in Britain for any post-Brexit […]
Sky News’ account of Nissan’s Brexit deal Sky’s Ian King examines the potential avenues the Government had to reassure Nissan ahead of its important Sunderland investment. Source: Nissan investment raises more questions than answers
Nissan had been pressing for compensation from the government in the event of a hard Brexit but Downing Street and Nissan have dismissed any suggestion of Government financial support to secure new investment in Sunderland. […]
The Institute of Directors have raised questions about ‘picking winners’ in the new industrial strategy going forward IoD and others highlight skills shortages and danger of industrial strategy that intervenes against ‘market choice’ From the […]
“Our approach is very clear, we will go after every single piece of mobile [non-finalised] investment,” says Martin Shanahan, the head of Ireland’s Industrial Development Authority. “Undoubtedly there are more opportunities because of Brexit… You […]
A Greenpeace study found that many of the recipients featured in the Sunday Times Rich List received over £10 million in land subsidy last year 16 out of the 100, if not more, of the […]
Copyright: Corporate Welfare Watch 2017