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, […]
Martin Shkreli, who gained notoriety in 2015 after he raised the price of a drug used by AIDS patients by 5000 percent, was found guilty of three of eight federal charges by a jury in Brooklyn, […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
The only UK searchable database of grants and subsidies to the private sector.
The Welsh government has revealed, following more than a year of stalling on a FOI request, that it offered Aston Martin £5.8 million in Repayable Business Financing to open a plant in St Athans, where the […]
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 […]
SkyNews reports that the Government announced at the end of April 2017 that it will sell £3 billion in Bradford & Bingley mortgage loans in an auction that is likely to follow the June elections. […]
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 […]
The Department for Work and Pensions revealed in late April 2017 that its loan to Nest (National Employment Savings Trust) will reach an expected peak of £1.22 billion in 2026. This figure is more than […]
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 […]
Business Secretary Greg Clark and Transport Minister John Hayes announced on April 11, 2017, a total of £109.7 million in funding to automakers and companies that produce parts for them to support the creation of […]
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 […]
Secretary of State for Business, Energy and Industrial Strategy, Greg Clark met in early April with India’s Minister for Power, New & Renewable Energy, Coal and Mines, Piyush Goyal, to affirm their governments’ joint commitment to […]
Copyright: Corporate Welfare Watch 2017