Privatisation bonanza for private companies.. 28/01/16 18:40 piece in the Guardian today about cut-price privatisations which brought large cash benefits to a number of private sector companies. This is an extract: The government has been accused […]
European Commission accuses Luxembourg and the Netherlands of granting state aid through corporate tax deals 27/01/16 13:53 The European Commission has ruled that Luxembourg and the Netherlands have provided “selective tax advantages” for Starbucks and Fiat […]
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 the form of assistance […]
Sajid Javid (Secretary of State for Department of Business, Innovation and Skills) made a speech to the HOC today outlining how the government planned to assist with the managed liquidation of SSI and reduce the impact […]
Source: How governments are helping big companies pay less tax
Reponse to Giles Wilkes, Financial Times. 01/10/15 11:29 Response to £93bn of corporate welfare? What nonsense The whole purpose of my paper on corporate welfare was to trigger a debate and, insofar as Giles Wilkes has […]
The cost of drugs and other medical equipment is of growing concern to both public health systems and private health insurance companies. Regarding the former, pharmaceutical companies can push up the price of drugs in […]
Nissan announces £100 million investment to build the next phase of its Nissan Juke in Sunderland. Source: Major boost to UK car industry – News stories – GOV.UK
Corporate welfare in Parliament… 07/07/15 16:23 Richard Fuller (Bedford) (Conservative): Working tax credits are in effect a form of corporate welfare for employers who could pay higher wages, especially if tied to increased skills….
An interesting blog on the tax contributions written by Geoff and J. Gay Meeks made by the banking industry. It follows in the wake of corruption in the banking industry after the massive bailouts (e.g. with regard to libor rate fixing […]
Direct aid, subsidies, tax breaks – the hidden welfare budget we don’t debate 07/07/15 10:51 Aditya Chakrabortty writes in the Guardian: “The term “corporate welfare” may sound unfamiliar to some. In the Westminster thesaurus, welfare appears […]
Corporate welfare: the £93bn handshake 07/07/15 10:53 The Guardian”s front page lead today is based on a recent report written by Kevin Farnsworth.
Billionaire Elon Musk’s business success is bolstered by $4.9 million in corporate welfare, according to an investigation conducted by The Los Angeles Times. The government support is so significant that The Times goes so far as […]
Article by David Walker on the costs of outsourcing… 27/05/15 14:44 Outsourcing can often increase public service costs, not cut them…. If the Tories wish to upgrade public services, not just cut them, they will […]
State subsidies paid to private landlords…. 26/05/15 15:00 http://www.theguardian.com/politics/2015/may/26/landlords-14bn-tax-breaks-buy-to-let-expansion-mortgage-interest?CMP=share_btn_link
Nestle, PepsiCo and others ‘use public funds to develop harmful snacks’ 14/03/15 13:54 Sarah Boseley of the Guardian examines the use of InnovateUK grants to support subsidies to the food industry. She writes that: Obesity charities say Innovate UK […]
UK loaned £1.7bn to foreign fossil fuel projects despite pledge 06/01/15 15:33 Details the loans provided by the UK government to the oil industry… Adam Vaughan writes: “The UK government has provided well over a […]
Source: £8 billion giveaway used to boost corporate tax competitiveness – Election 2015 – IFS
An article in the Independent today estimates that the final cost to the taxpayer from the collapse of USC – a subsidiary of Sports Direct – will cost £700,000. The article states that: The papers […]
Unions call for North Sea tax breaks as oil slump threatens jobs Interesting article which makes clear the potential wider social benefits from direct forms of corporate welfare…. Terry Macalister and Severin Carrell write that: “The role of the […]
Capita profits surge bolstered by UK government outsourcing Capita profits surge bolstered by UK government outsourcing Gill Plimmer writes that: Capita reported a 16 per cent surge in interim pre-tax profits to £238m bolstered by a […]
In-work benefits and poverty Article by Andrew Grice in the Independent about the growing costs of in-work benefits
The vast sums spent on corporate welfare are very rarely discussed Below is an article written for the Scottish Herald by Prem Sikka. Sikka argues that: “THE Westminster government is committed to welfare reform and that has involved […]
Research undertaken by CRESC, Manchester, estimate that the private train companies are taking out £2.47 for every pound they put in. http://www.theguardian.com/commentisfree/2013/nov/04/rail-privatisation-train-operators-profit
From the government press release: Vince Cable welcomes Nissan’s new investment in the UK, supported by Government funding. Jobs for more than 2,000 people are expected to be created by Nissan at its Sunderland plant […]
Copyright: Corporate Welfare Watch 2017