We have written before on the way in which governments subsidise aircraft manufacturers. To build an aircraft requires huge investment and risk and both are beyond many companies. Governments also have an interest in continual […]
In our 2017 company report, we revealed that Nissan UK had received £800 million in corporate welfare from the UK government. The Nissan case shows a pattern of transnational corporations either getting the deal they […]
Wealthy banker and Conservative donor Henry Angest has received £144,140 in CAP payments via an offshore tax haven, reports The Herald. Angest, who is a multimillionaire, is the owner of farming estates in Scotland that are […]
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 […]
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 […]
Nissan, the recipient of generous state subsidies in the past (see our company report), has argued that it would have to be compensated for any additional costs it experiences from the imposition of tariffs following Brexit. This […]
….to tackle some of the problems it is having! It’s parent company – Go-Ahead – is hugely profitable. The government has put in place a new board to address some of the issues on the troubled […]
In addition to changes to the road network, the government have announced two major lines of investment to support the development of autonomous (driverless) cars. In July 2016, the government added £30m to the Intelligent Mobility Fund to […]
AstraZeneca and its partners awarded £93m in grants 13/10/15 09:51 Today’s Guardian features Aditya Chakrabortty’s piece on tax avoidance and mentions my disclosure that AstraZeneca and its partners extracted over £93m in InnovateUK funding between […]
Tory government is giving billions in ever increasing handouts to oil and gas majors at the same time as cutting support for clean energy, report reveals Source: UK becomes only G7 country to increase fossil […]
The Government gives the fossil-fuel industry nearly £6bn a year in subsidies, almost twice the financial support it provides to renewable-energy providers, according to new research. A study by the Overseas Development Institute think-tank challenges […]
RBS accused of taking £1bn in tax benefits linked to the film industry 17/02/16 12:42 Research carried out by Bloomberg claims that a number of companies were able to make billions from the use of […]
Subsidies for the oil industry… 13/02/16 11:34 Interesting piece in the Guardian by George Monbiot, discussing the perversity of subsidising the oil industry in order to protect profits during the slump in oil prices. He […]
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 […]
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 […]
Copyright: Corporate Welfare Watch 2017