The UK has blocked a Chinese company from acquiring smart camera technology from a British university, in the first use of the government’s new national security powers. British Business Secretary Kwasi Kwarteng announced on July 20 that he had issued an order (pdf) under the National Security and Investment Act, blocking an attempt by Beijing Infinite…
UK Blocks Chinese Acquisition of Smart Camera Technology in 1st Use of National Security Law
July 21, 2022
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Business & MarketsChinaChinese RegimeCompaniesEurope-China RelationsInternational RelationsKwasi KwartengNational SecurityNewport Wafer FabSpecial TopicsTech CompetitiontechnologyUKWorld
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New UK Nuclear Power Station Sizewell C Given Go-Ahead
July 20, 2022
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CGNChinaChinese Regimechinese stateInternational RelationsKwasi KwartengNuclear powernuclear power plantSizewellUKWorld
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The UK government has given the go-ahead to a multi-billion-pound new nuclear power station. Business Secretary Kwasi Kwarteng said on July 20 that development consent was granted for the Sizewell C project in Suffolk, which is expected to generate enough electricity to supply 6 million homes. Negotiations with the government on raising funds for the…
UK Lawmakers Approve Plan to Allow Agency Workers to Replace Strikers
Britain’s House of Commons has approved the government’s plan to ease strike disruptions by allowing businesses to supply agency workers to plug staffing gaps during industrial action. MPs voted 289 to 202 on July 11 in favour of removing the restrictions on businesses supplying temporary agency workers to cover striking staff. The regulations were brought…
UK Unveils New Law to Ease Strike Disruptions as Rail Network Paralysed for 2nd Time in a Week
The UK government has announced new legislation to enable businesses to supply agency workers to plug staffing gaps during industrial action, as train services were disrupted again by the second nationwide strike of the week. Following widespread travel chaos on Tuesday, some 40,000 members of the Rail, Maritime, and Transport Workers’ union (RMT) walked out…
Urgent Review Ordered as UK Fuel Prices Reach New High
The UK government has ordered an “urgent” investigation into fuel station operators amid concerns some are pocketing the multi-billion-pound cut to fuel duty, which was originally intended to alleviate the pressure on households. In a letter to the Competition and Markets Authority (CMA), Business Secretary Kwasi Kwarteng expressed concerns that the 5 pence-a-litre reduction had…
UK Bans Services Exports to Russia to ‘Help Ensure Putin Fails in Ukraine’
The UK government has announced a ban on exports of management services to Russia, as it further ratchets up economic pressure on the Kremlin following its invasion of Ukraine. Russia’s access to the UK’s management consulting, accounting, and public relations services will be cut off, Foreign Secretary Liz Truss said on May 4. Russia is…
UK Opposition Questions Non-Dom Tax Status of Finance Minister’s Wife
April 7, 2022
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Boris JohnsonBusiness & Economyeconomic policieseconomyEd MilibandKeir StarmerKwasi Kwartengnon-domRishi SunakUKWorld
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Britain’s main opposition Labour Party has urged finance minister Rishi Sunak to explain why his wife has claimed non-dom status, which allows her not to pay tax in the UK for her foreign income. Sunak’s wife Akshata Murty, whose father is an Indian billionaire, is an Indian citizen and holds non-dom status, which means her…
UK Government Orders Scientific Review on Fracking as Energy Crisis Bites
April 5, 2022
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Business & Economyeconomic policieseconomyenergy crisisfrackingKwasi KwartengMarketsshale gasUKUkraineWorld
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The British government has ordered a review of the latest scientific evidence on fracking amid calls for lifting the ban on the practice to alleviate the energy crisis which has been exacerbated by the Russian invasion of Ukraine. The government on Tuesday commissioned the British Geological Survey to advise on the latest scientific evidence around…
Dubai-Owned Ferry Firm Faces Criminal Probe After Sacking 800 UK Staff
Criminal and civil investigations have been launched into the decision by a Dubai-owned ferry company to sack nearly 800 British workers without notice. P&O Ferries, which was bought by Dubai-based logistics giant DP World in 2019, sparked outrage on March 17 when it fired 800 seafarers without any prior notice and replaced them with cheaper…
UK Government Urged to Halt Sealing of Fracking Wells Amid Energy Crisis
March 14, 2022
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Boris JohnsonBusiness & EconomycommoditiesCompanieseconomyEuropefrackingFracking banKwasi KwartengMarketsRussia-Ukraine Warshale gasUKWorld
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The UK government has been urged to withdraw its instruction to plug the country’s only shale wells and lift the ban on fracking to alleviate the energy crisis which has been worsened by the Russian invasion of Ukraine. The government imposed a moratorium on shale gas mining in England in 2019 after two minor earthquakes…
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