Uk Government

The UK government has today launched a two-month consultation to develop a phased transition plan for the North Sea energy sector, focusing on utilising existing infrastructure for new technologies like hydrogen, carbon capture, and renewables. As part of the plan the UK government has backed new in

City of London financial firms are lobbying the UK government to overhaul cash ISAs. Companies, including BlackRock and Phoenix Group, have urged Chancellor Rachel Reeves to either scrap or significantly reduce tax breaks on these accounts. Fidelity International proposes reducing the Cash Isa annua

The UK government has relinquished its position as RBS-owner NatWest Group's largest shareholder, with its stake falling below 6% on Friday. This marks a significant milestone in the bank's journey back to full private ownership, more than 16 years after its taxpayer-funded bailout during the 2008 f

Businesses behind Scotland’s most emblematic exports have secured £42 million in UK Export Finance (UKEF) deals since the summer, facilitating international expansion. Enabling companies such as Ferguson Whisky and manufacturer of fire and rescue vehicles Emergency One, which the governm

Prime Minister Keir Starmer has pledged £200 million from the National Wealth Fund to revitalise the Grangemouth site, set for refinery closure this summer. The investment, announced at Scottish Labour's conference, aims to transform the facility into a hub for new industries, including bioeng

The impact of tax changes on Scotland’s distinctive farming sector is either severely misunderstood or being deliberately ignored by the UK government, Scottish Land & Estates said today. The rural business organisation was speaking following the meeting HM Treasury held with some represen

The UK government is considering significantly reducing the scope of planned audit market reforms in an effort to reduce regulatory burdens on businesses and stimulate economic growth. Ministers are reportedly discussing abandoning a key measure of the Audit Reform and Corporate Governance Bill that

Chancellor of the Exchequer Rachel Reeves spoke at Siemens Healthineers in Oxfordshire on 29 January 2025. Rachel Reeves stressed why economic growth matters, how to achieve it, and "what we are going to do further and faster to deliver it."

The shortest-serving Prime Minister in UK history, Liz Truss, has taken legal action against Sir Keir Starmer over his claims that she "crashed the economy". According to The Telegraph, a cease and desist letter sent to the sitting prime minister by lawyers acting for Ms Truss claims his statements

Millions of women who were impacted by the equalisation of the pension age will not receive compensation despite a finding of "maladministration". The Parliamentary and Health Service Ombudsman (PHSO) found in March 2024 that there was a 28-month delay in communicating changes to the state pension a

The Financial Conduct Authority (FCA) has cautioned MPs against a "race to the bottom" in the pursuit of economic growth. FCA CEO Nikhil Rathi and chairman Ashley Alder addressed the Treasury Committee, emphasising the need for a balanced approach that considers consumer protection and market integr

A package of new measures to support small businesses and deliver growth has been set out by the UK government. The package, announced in the run up to Small Business Saturday this weekend includes targeted action to unleash the potential of disabled and female entrepreneurs, and a crackdown on late

UK government borrowing hit £17.4 billion in October, the second-highest figure for the month on record. This surge, driven by increased public sector wages and rising debt interest payments, raises concerns about potential future tax hikes.

Chancellor Rachel Reeves has unveiled a series of transformative reforms in her first Mansion House speech, focusing on pensions, financial regulation, and the advice-guidance framework. Speaking on 14 November, Chancellor Reeves underscored the need for a more growth-oriented approach to financial

The multi-million-pound Falkirk and Grangemouth Growth Deal has been signed by UK and Scottish governments as well as Falkirk Council as part of a package that will strengthen the local economy and create more than a thousand jobs over the next 10 years. Up to 1660 jobs and £628m worth of econ