The Ministry of Defence has awarded a £411m contract to develop a new missile for the UK’s future F-35B supersonic stealth aircraft. The contract secures around 350 highly skilled missile engineering jobs across MBDA’s sites in Stevenage, Bristol and Lostock, with an equivalent number of jobs in the wider supply chain, and will draw on […]
The government will receive a dividend payment from Lloyds of £130m on 17 May, taking total dividends received to £318m. The latest dividend payment takes the total the government has recovered from Lloyds for taxpayers to over £16.8bn. Since the financial crisis the government has recovered over £75bn of financial assets for the taxpayer. The […]
Science Minister Jo Johnson has confirmed that John Kingman will be appointed as Chair of UK Research and Innovation (UKRI). Science Minister Jo Johnson on 17 May 2016 confirmed that John Kingman will be appointed as Chair of UK Research and Innovation (UKRI) on an interim basis, to set up the new organisation in shadow […]
Commenting on the Competition and Markets Authority’s provisional decision on remedies (PDR) in the retail banking market, Dr Adam Marshall, Acting Director General of the British Chambers of Commerce (BCC), said: “Businesses will welcome some of the CMA’s plans to boost competition in the retail banking market, notably measures that help firms compare the services […]
In its provisional decision on remedies (PDF, 3.72MB, 405 pages), published on 17 May, the Competition and Markets Authority (CMA) outlines a wide-ranging package of proposals to tackle the issues hindering competition in personal current accounts (PCA) and in banking services for small and medium-sized enterprises (SMEs). The detailed proposals include new protections for overdraft users. At present, it is […]
The regeneration expert appointed to help drive forward the Aberdeen City Centre Masterplan (CCMP) said the city can compete on a global stage. Marc Cole, who has successfully delivered major projects across the UK, said the journey towards creating an even more vibrant heart had already started. The CCMP, unanimously approved by Aberdeen City Council […]
The UK economy is expected to continue to grow – but at a slower rate – through 2016 and 2017, and there are signs that global economic risks, including uncertainty ahead of the EU referendum, are starting to weigh on investment plans, according to the latest CBI economic forecast. The leading business group’s latest quarterly […]
Construction of a new £39m training facility for the Civil Nuclear Constabulary (CNC) began on 17 May in West Cumbria. The new accredited training facility will help deliver CNCs operational requirements to support the nuclear mission. The centre will consist of a four-storey hub with classrooms and operational stores and offices, alongside communal use areas. […]
A new £3.5m fund to help repair and improve Cumbria’s public rights of way damaged by Storm Desmond in December was launched on 16 May by Floods Minister Rory Stewart. The Cumbria Countryside Access Fund will help to attract tourists back to Cumbria by making it easier to explore the Lake District and Cumbria’s countryside on […]
The Exporting is GREAT roadshow is touring Northern Ireland this week as part of a campaign to boost exports The UK Government campaign has been organised by UK Trade & Investment in partnership with Invest Northern Ireland. The 32-tonne Export Hub lorry will visit five locations across Northern Ireland including Banbridge, Derry~Londonderry, Antrim and Enniskillen. It will host […]
