Invest in UK News

  • New bill will strengthen consumer rights

    The Bill will update the law for goods and services and for digital content, clarify the law on unfair contract terms, consolidate consumer powers for Trading Standards, and provide much stronger protection for vulnerable customers targeted by misleading aggressive sales practices.

    Consumer Minister Edward Davey said:

  • New £8 billion growth plan for marine industries

    Drawing on the thinking of business, Government and academia, the Marine Industries Growth Strategy (MIGS) is the first ever integrated UK strategy for the marine industries and establishes a foundation for ambitious but sustainable long-term growth.

    If properly implemented, this strategy could lead to a £25 billion marine industry by 2020.

    Business Minister and Co-chair of the Marine Industries Leadership Council Mark Prisk said:

  • Leading UK businesses to report equality data

    Tesco, BT and law firm Eversheds are among the leading UK companies to sign up to the government’s new framework for voluntary equality reporting, the Home Secretary announced today.

    The 'Think, Act, Report' initiative is aimed at improving transparency on gender equality issues in the private and voluntary sector, and today marks a major breakthrough for the government in encouraging more transparency on gender equality issues in the workplace.

    Home Secretary and Minister for Women and Equalities Theresa May said:

  • Boundary Commission for England publishes initial proposals for new Parliamentary constituency boundaries

    The independent Boundary Commission for England (BCE) today launches a 12-week consultation on its initial proposals for new Parliamentary constituency boundaries in England.

    The BCE’s extensive consultation, which will include hosting a number of public hearings across England, will enable people to have their say in the design of the new constituency boundaries.

  • Revised shortage occupation list to cover a smaller proportion of labour market

    The Migration Advisory Committee has today advised that the Shortage Occupation List be revised to restrict migrants from outside the European Economic Area to a smaller proportion of occupations within the UK labour market.

    Today the Migration Advisory Committee (MAC) recommends the list be reduced to cover 190,000 employees [not migrants] or well under one per cent of the UK workforce. In 2008, before the MAC recommended changes to it, that list covered over one million employees.

  • Independent Commission on Banking: publication of Final Report

    The Independent Commission on Banking published its Final Report today.

    In June 2010, the Commission was asked to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition, and to make recommendations to the Government by September 2011.

    The Final Report sets out the Commission’s final analysis and recommendations.

    11 September, 2011

  • Chancellor hosts fourth UK - China economic and financial dialogue

    The Chancellor of the Exchequer, George Osborne hosted Chinese Vice Premier Wang Qishang for the Fourth UK – China economic and financial dialogue (EFD) today.

    The UK is the only European country to hold this type of dialogue with the Chinese Government and the EFD follows on from a British Government visit to China in November 2010 and an increase in UK goods exports to China in 2010 by 40% to £7.6 billion.

  • A modern NHS - putting patients and health professionals in the driving seat

    Following the summer recess, the Government will today take further steps in its plans to put patients at the heart of the health service and make the NHS world class.

    The Health and Social Care Bill will return to Parliament today to discuss the Government’s plans to modernise the NHS and to safeguard it for the future.

    The Bill’s core principle of modernising the NHS is to create a stronger health system:

  • Mary Portas visits Rotherham as part of her high street review

    The ‘Queen of Shops’ Mary Portas is visiting Rotherham town centre in South Yorkshire today (6 September). The visit is one of a number of events and meetings that Mary is undertaking across the country as part of a Government commissioned independent review into the future of the high street.

    During today’s visit Mary Portas will speak to high street businesses, local authorities and shoppers.

    Business Minister Edward Davey said:

  • £5.5 MILLION COMMUNITY CRIME FIGHTING FUNDS OPEN FOR BIDS

    From today communities across England and Wales will be able to benefit from a share of over £5 million to help tackle crime and anti-social behaviour, as part of the government's ambition to drive up community activism and build safer neighbourhoods.

    The £5 million Innovation fund, which is designed to bring together active citizens and encourage new and creative ways of working to tackle crime, is now open for bids from voluntary and community groups.

  • Energize your exports - UKTI Energy Roadshow 2011 visits North East

    Energy experts from around the globe will be in the North East next week for the first of three special Energy Roadshow events organised by UK Trade & Investment (UKTI).

    Hot on the heels of Offshore Europe 2011 in Aberdeen, the Energy Roadshow 2011 will be visiting three cities – Durham, Sheffield and London – to give UK companies a chance to find out how they can tap into overseas opportunities.

    Jonathan Gamblin, an International Trade Adviser with UK Trade & Investment, explained:

  • Statistical Release UK Official holdings of international reserves

    This monthly press notice shows details of movements in August in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets. These reserves are maintained primarily so that the UK Government's reserves could be used to intervene to support Sterling, or the Bank of England's reserves could be used to support the Bank's monetary policy objectives. If such interventions were to occur, then they would be shown and explained in this release.

  • IPO builds international links with Nigeria

    A landmark copyright agreement has been signed between the Intellectual Property Office (IPO) and counterparts from Nigeria. The agreement is the first of its kind between the IPO and an African country, and will improve international cooperation on copyright issues between the two nations.

    The move follows the UK Government’s acceptance of the recommendations made in the Hargreaves Review of intellectual property and growth. The review highlighted that the UK should continue to pursue international interests in intellectual property.

  • Petitions presented to wind up three companies involved in the provision of wills and trusts writing services

    Minster Legal Services (UK) Limited and Legal Assistance Limited – both based in Gainsborough, Lincolnshire – and Legal Assistance 4 U Limited trading from Newark, Nottinghamshire, operated nationwide using telesales staff to cold call members of the pubic in the hope to persuade potential customers to accept a home visit from a self employed ‘legal consultant’ who would then promote the companies’ products.

  • HM Treasury and FSA publish joint consultation paper on the regulation of credit unions in Northern Ireland

    HM Treasury and the Financial Services Authority (FSA) have today published a joint consultation paper on the future regulation of Northern Ireland credit unions (NICUs). These proposals will enhance consumer protection across all NICUs, and align both the prudential and consumer standards of NICUs with those of credit unions in other parts of the United Kingdom.

  • Business Secretary announces £6.5 million boost for renewable energy engineering skills

    A £6.5 million investment to deliver a new generation of engineering leaders in renewable energy was announced today by the Business Secretary Vince Cable.

    Leading universities and industry will provide training for up to 50 of the best engineering students as part of a new Industrial Doctorate Centre in Offshore Renewable Energy (IDCORE).

  • Green Investment Bank Advisory Group members appointed

    The appointments to the Advisory Group for the Green Investment Bank (GIB) were announced today (31 August) by the Business Secretary Vince Cable.

    The group, chaired by Sir Adrian Montague, will advise Ministers on the establishment of the Green Investment Bank and its strategic direction.

    The bank will become a key component of the Government’s green policies and will accelerate the UK’s transition to a green economy.

  • Data consultation to cut NHS red tape

    Plans to reduce red tape by cutting unnecessary data collections across the NHS will save millions by releasing administrative and clerical resources to better support front line patient care.

    A 12 week consultation starting today proposes that up to 25% of all current data returns commissioned by the Department of Health and its arms length bodies should be discontinued. This would lead to a reduction in burden on the NHS of approximately £10million.

  • Independent Commission on Banking: details of publication of Final Report

    The Independent Commission on Banking will publish its Final Report on its website and via the London Stock Exchange’s Regulatory News Service at 7am BST on Monday 12th September 2011.

    Notes to Editors

    1. The Commission’s website is: http://bankingcommission.independent.gov.uk.

    2. A press conference will be held at Victoria House, London, WC1B 4AD, at 10:30am on Monday 12th September 2011. Places are limited and journalists wishing to attend should email feedback@bankingcommission.gsi.gov.uk to register.
     

  • iomart Hosting and Ecebs power Smart travel in North East England

    Smart media company Ecebs is to take advantage of the skills and experience of Scottish Digital IT Company of the Year iomart Hosting, to supply Tyne and Wear’s transport authority, Nexus, with the ability to process thousands of smartcard transactions each day.  

    Nexus is the first concessionary pass issuing authority in the North East of England to put a Smart processing system in place and will use Ecebs’ Paragon HOPS (Host Operator Processing System).

  • New figures shine a light on A&E quality

    New figures showing the quality of A&E services have been published for the first time today.

    The publication was ordered by Health Secretary Andrew Lansley to give patients and the NHS a more rounded view of the quality of A&E services. The eight clinical quality indicators measure more than the single standard introduced under the previous government which showed the percentage of patients being seen within four hours.

  • Government publishes list of RDA assets transferring to HCA

    The Government has today published a list of Regional Development Agency (RDA) land and property assets that will be transferred to the Homes and Communities Agency (HCA).

    It was announced on 6 July that RDA land and property assets would be transferred to HCA, with local communities and businesses involved in decisions about future development plans. This will maximise the long-term benefits to economic growth and regeneration in local areas. The transfer is currently planned to take effect on 19 September 2011.

  • July house prices up 1.3 per cent since June: average house price in England and Wales now £163,049

    The July data from Land Registry's flagship House Price Index shows an annual price decrease of 2.1 per cent which takes the average property value in England and Wales to £163,049. The monthly change from June to July is 1.3 per cent.

  • Government and FRC consider reducing financial reporting burdens for the smallest businesses

    Proposals to simplify the financial and corporate reporting requirements for the smallest businesses are the subject of a Discussion Paper published today by the Department for Business, Innovation and Skills (BIS) and the Financial Reporting Council (FRC).

    "Simpler Reporting for Smaller Businesses" sets out ideas to reduce the amount of reporting micro-entities would be required to undertake. This could benefit around 5 million businesses and result in considerable cost savings in relation to the preparation of their accounts.