The Government announced in early February that it would provide £100m in Government-backed loans to Carillion contractors, following the firms collapse. Support will be provided by the British Business Bank (BBB), which will enable high-street […]
Nissan is set to unveil 1,000 vehicle-to-grid (V2G) charging stations across the UK over the coming year, thanks in part to a £9.8m government grant it received in partnership with other members of the e4Future […]
Our newsletter for January 2018 introduced the launch of our newly updated and improved Corporate Welfare Database, featured our blog on the East Coast Rail Bailout (which was featured in a Guardian report) and included […]
The Financial Times provides a detailed discussion of just what PFI is, why it is appealing to governments and just how much money the British public owes on existing contracts. Based on the recent National […]
Following the collapse of Carillion, the Guardian produced an illuminating list of the contracts the firm holds with the government. From managing NHS operating theatres to major rail projects to maintenance and other services at schools and […]
The Guardian reports that UK taxpayers will be forced to give £200bn to contractors over 25 years because of private finance initiative (PFI) deals. According to a report by the National Audit Office (NAO), PFI […]
The new Nissan Leaf started rolling off the Sunderland production line in late-December 2017. The Sunderland Echo reported that Nissan’s flagship electric vehicle will be available in European markets in February. Nissan’s continued investment in […]
The Guardian reported in late November 2017 that the government has agreed to end Virgin Train’s East Coast (Vtec) contract to run the East Coast rail franchise three years early. This means the contract will […]
Our newsletter for November 2017 featured a note to readers updating them on our behind-the-scenes progress with research. Leading up to the winter holidays, we were busy with a new research project focused on the […]
News of Amazon’s seasonal hiring of 20,000 temporary workers, reported in various UK news outlets this autumn, is generally heralded as good news for job seekers. The company is expanding. Surely good news all around? […]
Our newsletter for October 2017 features a blog we published on the Bombardier trade disputes, a warning to British farmers about the consequences of Brexit, a roundup of news we covered during the month, and […]
Didier Leroy, executive vice-president of Toyota, called on the UK government in late October to provide insight into Brexit negotiations and secure a trade deal for the UK automotive industry. He voiced his concerns amid […]
The plane at the centre of Boeing and Embraer’s dual disputes with Bombardier, the C Series, will soon be assembled at Airbus’s plant in Mobile, Alabama. This, thanks to a significant investment by Airbus in the […]
The first instalment of our monthly newsletter, published on September 27, 2017, featured the release of our latest Company Report on Nissan UK, a popular blog on Amazon and corporate tax by our founder and […]
Nissan first invested in the UK in the early 1980s following protracted negotiations over the deal it could extract from the British government. Declassified memos from the Thatcher administration paint a picture of a company of […]
Ineos, the new owner of the Land Rover Defender is reportedly asking for new subsidies as an incentive to invest in the UK. And the UK government will no doubt be seriously considering making a […]
Two recent stories published by two major media outlets in two different nations within four days help to capture a major challenge faced by governments today. On the 8th September, The Wall Street Journal reported […]
Many of those who voted to leave the EU would have been encouraged to do so in order to ‘take back control’ from Brussels. Few voted leave in order to starve public services of funding, […]
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 UK’s exit from the EU represents a tearing up of the informal contract that exists between multinationals and the UK government. Companies put their money into Britain based on cheap, tariff-free market access to […]
I am the person behind the second most-debated figure of the Labour leadership race – the £93bn corporate welfare bill. I write “debated”, but this is too generous to some of those who have passed judgment […]
Wednesday’s budget in some ways typifies the tensions between corporate welfare and social welfare. Tax credits are a good example of a provision that falls into the categories of both corporate welfare (in that they act as a wage subsidy for […]
The greatest myth of modern times is the suggestion that capitalism and corporations do better with less government. The global economic crisis has certainly put paid to this idea. But the massive emergency state bailouts […]
The Financial Times reports on the findings of the Ofsted Report, which concluded that the public funded yet privately owned Learndirect is systematically failing to provide the vital job training and career planning services that […]
Amazon is in the news yet again — this time for halving its corporation tax bill paid to HMRC. Despite a turnover in 2016 of £1.46 billion, which represents a doubling over the previous year, […]
Copyright: Corporate Welfare Watch 2017