Nissan, the recipient of generous state subsidies in the past (see our company report), has argued that it would have to be compensated for any additional costs it experiences from the imposition of tariffs following Brexit. This […]
France, in common with other EU countries, is making a direct play for British businesses to relocate. This is from the AMF, representing financial companies As all players in the Paris financial market are gearing […]
Interesting piece in the Guardian on support for the steel industry – albeit support to a Russian owned steel company…. Accounts for UK Export Finance show it gave buyer’s credit worth £80m to Russian iron ore […]
Ford has announced plans to scale back production at its Bridgend plant, despite receiving millions in state support and trimming back its own investment. Ken Stakes, Welsh Assembly member said that he wanted assurances that […]
….to tackle some of the problems it is having! It’s parent company – Go-Ahead – is hugely profitable. The government has put in place a new board to address some of the issues on the troubled […]
Proposals would see the basic income support system of subsidies scrapped and farmers being paid out of public funds for environmental services Source: National Trust calls for complete reform of British farm subsidies | Environment […]
Lord Gardiner, who will be involved in reforming EU farming support post-Brexit, receives £49,000 a year in payments, it has been revealed Source: Environment minister accused of conflict of interest over farm subsidies | Environment […]
In addition to changes to the road network, the government have announced two major lines of investment to support the development of autonomous (driverless) cars. In July 2016, the government added £30m to the Intelligent Mobility Fund to […]
I have written in the past on how corporate tax rates are used in a misguided way to reward businesses and boost investment. But now George Osborne has gone even further in using the tax system […]
This report from Reuters on France’s new tax breaks to lure British financiers… Source: France lures London bankers with extra expat tax break | Reuters
There has been a lot of interest of late in Sports Direct, its employment practices and its owner, Mike Ashley. The BIS Select Committee heard evidence from Mike Ashley last week, questioning him on employment […]
Interesting piece in the Guardian today highlighting how business sponsors are making money out of academies. This links to a long-running debate about the role of business in schools. Governments since the Labour government in the 1970s have been […]
This is a report from the Guardian that summarises the latest developments on the steel industry. The Guardian reports that the UK is considering buying up a 25% stake in the business and offer other assistance (in the […]
This is an important story on the potential impact of Brexit on British farmers. Agricultural subsidies may be trimmed, but they are as likely to be increased. Either way, farmers may not survive a Britain without generous subsidies […]
A fantastic series by Aditya Chakrabortty on Boots. He carefully documents the ways in which Boots not only profits from general NHS prescriptions (fair enough) but how it has taken advantaged of other schemes that are used to […]
Research for NFU suggests the sector would have a mixed future outside the EU, with some farmers doing better than others This story in the Guardian points out that the subsidies that go to British farmers […]
There is clearly growing support for bailing out the steel industry. Why, commentators ask, bail out the banks but not other major industries that are strategically important. The steel industry is certainly important. Ask anyone facing redundancy […]
Corporate welfare should be viewed in-the-round One of the criticisms made of The British Corporate Welfare State was that wage subsidies do not function as corporate welfare. The evidence on the effects of wage subsidies is, […]
Discussions about corporate tax dodging are picking up pace. The issue is clearly an international one – and according the OECD and EU have both launched initiatives to try to tackle corporate tax avoidance. The […]
EC State Aid probe into UK support for biomass plant 06/01/16 20:49 The European Commission is to investigate whether the UK’s plans to subsidise the conversion of part of a coal power plant to operate […]
BIS Select Committee criticises UK government of failing to protect British steel 22/12/15 02:48 The government is being accused of failing to respond early enough to warnings about a crisis in the steel industry, where […]
Labour launches inquiry into the use of corporate tax reliefs 16/12/15 15:42 Labour have recently launched an inquiry into corporate tax reliefs. Seema Malhotra, the shadow chief secretary to the Treasury, gave a speech this […]
Households forced to plug holes left by falling corporate taxation according to the OECD 08/12/15 00:37 According to a press release put out by the OECD to launch its latest Revenue Statistics Report: “Corporate tax […]
British steel 12/11/15 07:26 The British steel industry is arguing that corporate welfare provided by China is rigging the market. The UK government has accordingly promised additional support to the industry, although this will take […]
Corporate welfare for the water industry… 12/11/15 07:23 This from the FT reporting on a National Audit Office report into excess profits in the water industry. Overly generous regulations have boosted profits in the water […]
Copyright: Corporate Welfare Watch 2017