Tag: Conservative Party (UK)

GovernmentInnovation

Channel Islands Consider Inclusion in UK Digital ID Initiative

The Channel Islands could join the UK’s digital ID card scheme pending local government approval. Westminster has confirmed eligibility but leaves the decision to island authorities. The program targets individuals aged 16 and over seeking employment in the UK.

Digital ID Expansion Possibility for Channel Islands

The UK government’s proposed digital identification program could extend to Jersey and Guernsey, according to recent ministerial confirmation. Sources indicate that while the Channel Islands qualify for inclusion, implementation would require approval from their respective local governments.

by Gabriel Novak
Economy and TradingEnergy Policy

UK Chancellor Proposes Major ISA Reforms to Boost Domestic Investment

Chancellor Rachel Reeves is reportedly planning the most significant ISA reforms in over 25 years, including potential minimum UK equity allocations and stamp duty exemptions. The proposed changes aim to redirect British savings toward domestic companies and revitalize the London market ahead of the November budget.

Major ISA Overhaul Under Consideration

Chancellor Rachel Reeves is reportedly developing sweeping reforms to Britain’s tax-free ISA regime that could include mandatory minimum holdings in UK companies and stamp duty exemptions, according to sources familiar with Treasury discussions. The potential changes represent the most significant shake-up to the popular savings vehicle in more than 25 years.

by Aaron Blake
Business AcquisitionGovernment Operations

PPE Medpro Misses £122M Repayment Deadline in Government Contract Dispute

PPE Medpro has reportedly failed to meet a High Court deadline to repay £122m to the UK government for supplying unusable surgical gowns during the pandemic. Health Secretary Wes Streeting stated the government will pursue the company “with everything we’ve got” to recover taxpayer funds.

PPE Firm Misses Critical Repayment Deadline

A company connected to former Conservative peer Michelle Mone has reportedly failed to meet a court-ordered deadline to repay £122m to the UK government for supplying unusable personal protective equipment during the COVID-19 pandemic, according to sources familiar with the matter.

by Aaron Blake