May 24, 2022
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Finance

Corporate welfare General

Private finance initiative for elderly care in Northamtonshire: A good example of a bad PFI contract.

October 25, 2018

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 […]

Corporate welfare General

Despite widespread criticism of PFI, the SNP looks to the private sector for infrastructure investment

October 16, 2018

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 […]

The government has authorised the sale of 5.3bn in Bradford & Bingley mortgages to recoup the final amount loaned by taxpayers.
Corporate welfare General

UK recoups final £5.3bn in outstanding Bradford & Bingley loan

May 1, 2018

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 […]

City of London firms set to move jobs to Dublin prior to Brexit.
FollowTheMoney

A Dozen Banks and Finance Firms Set to Move London Jobs to Dublin Prior to Brexit

June 29, 2017

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 […]

FTSE 100 company subsidies
Corporate welfare General

The Guardian’s Polly Toynbee Criticises May’s Failure to Act on Exorbitant Executive Pay

May 2, 2017

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 […]

Pound notes folded into the shape of a house symbolize the UK governments bailout of the financial sector in 2008. The Government has just announced it will sell £3bn in home mortgages acquired from Bradford & Bingley.
Corporate welfare General

Government to Recoup £3 Billion in Sale of Bradford & Bingley Mortgage Loans

April 29, 2017

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. […]

Deutsche Bank is one of many financial institutions that may be forced to move jobs out of the UK and the City of London following Brexit.
FollowTheMoney

Brexit May Force Deutsche Bank to Move 4,000 Jobs Out of UK

April 26, 2017

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. […]

FollowTheMoney

Goldman Sachs Moving Hundreds of Staff Out of London in Preparation for Brexit

March 21, 2017

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 […]

Corporate welfare General

France lures London bankers with extra expat tax break | Reuters

July 6, 2016

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

Corporate welfare General

Too Big to Fail Subsidy Still Worth Almost £6bn Per Year

March 2, 2016

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 […]

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Copyright: Corporate Welfare Watch 2017