A recent BBC article has shed light on yet another failed PFI contract – this time, involving elderly care in Northamtonshire. Looking at the results of Northamptonshire’s Stabilisation Plan, the BBC report discussed how the 25-year contract […]
During a time of growing scepticism around private finance initiatives (PFI), Nicola Sturgeon has signalled that the Scottish National Party will be pursuing PFI as a new measure within Scotland’s upcoming programme for government, according […]
Government is set to recoup the final £5.3bn in an outstanding loan to Bradford & Bingley that was part of the 2008 Financial Services Compensation Scheme. A group of investors led by Barclay’s Bank is set […]
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 […]
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. […]
Sylvie Matherat, Deutsche Bank’s chief regulatory officer, said that the bank may be forced to move 2,000 front office jobs to EU nations after Brexit and that an additional 2,000 jobs could be at stake. […]
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 […]
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
UK banks are still receiving an implicit subsidy of £5.8bn a year according to a report produced by the NEF. The subsidy is often referred to as the ‘too big to fail’ subsidy which effectively […]
Copyright: Corporate Welfare Watch 2017