Category: Press Releases

  • PRESS RELEASE : Families to get more choice over home upgrades [April 2025]

    PRESS RELEASE : Families to get more choice over home upgrades [April 2025]

    The press release issued by the Department for Energy Security and Net Zero on 30 April 2025.

    Proposals to give families greater choice when upgrading their home’s heating as well as plans to create up to 18,000 training places for green jobs.

    • Working families to get greater choice on upgrades to their home’s heating including new products, such as air-to-air heat pumps and heat batteries, as well as offering new heat pump purchase options
    • plan to build a ‘clean power army’ receives a boost, with up to 18,000 professionals to be trained to retrofit homes, and install heat pumps, insulation, solar panels and heat networks
    • comes as government invests £4.6 million in Copeland to manufacture more heat pump parts at home in the UK, supporting local jobs and boosting economic growth as part of the Plan for Change

    Homeowners are set to have more choice over ways to access heating systems and bring down costs under proposals being considered as part of the Warm Homes Plan – helping to deliver on the government’s milestone of higher living standards as part of the Plan for Change.

    Demand for heat pumps is surging, with the Boiler Upgrade Scheme – which offers up to £7,500 off the cost, enjoying its best month since opening, with 4,028 applications received in March 2025, up 88% on the same month last year. Heat pumps can save families around £100 on their average energy bills when used with a smart tariff.

    With more households wanting to make the upgrade to cleaner, homegrown energy, the government has today launched a new consultation on expanding the Boiler Upgrade Scheme to give families even greater choice to pick what works best for them.

    Changes to the scheme could see families potentially access air-to-air heat pumps and electric heating technologies such as heat batteries, which are currently not eligible for grants under the scheme, alongside new purchase and ownership models which could spread the cost of a heat pump over several years, or give households the opportunity to lease one for a monthly fee instead.

    As part of the government’s Plan for Change, even more households will be able to take up the offer of switching to low-carbon heating, while protecting the pounds in people’s pockets by making more options available.

    The government has also set out plans to bolster the ‘clean power army’, training up to 18,000 more home retrofitters, to install heat pumps, insulation, solar panels and heat networks, alongside a major new deal to support the UK’s heat pump supply chain.

    Minister for Energy Consumers Miatta Fahnbulleh said:

    Our Warm Homes Plan will mean lower bills and warmer homes for millions of families – helping drive better living standards as part of the Plan for Change.

    Following a record-breaking month for applications to our Boiler Upgrade Scheme, we are now proposing to give working families more choice and flexibility to pick the low-carbon upgrades that work best for them.

    And on top of this, we are investing over £4 million in Copeland to continue building a homegrown heat pump industry and training up the army of skilled workers we need to achieve this.

    Copeland in Northern Ireland have been awarded £4.6 million to expand their manufacturing for heating compression technology – a key component of heat pumps, which can help protect family finances from the roller coaster of international gas markets by running on clean electricity.

    This investment, backed by a multi-million pound investment from Copeland, will help to support the industries and jobs of the future, while unlocking economic growth, as part of the Prime Minister’s Plan for Change.

    Ministers have also unveiled plans to train up to 18,000 skilled workers to install heat pumps, fit solar panels, install insulation and work on heat networks through the extension of the Heat Training Grant and launch of the Warm Homes Skills Programme.

    With 3 days to go until the government’s consultation on introducing higher minimum energy efficiency standards in private rented sector homes closes, ministers have issued a final call for tenants and landlords to make their views heard.

    Under the proposals, all private landlords would be required to meet a higher standard of Energy Performance Certificate (EPC) C or equivalent in their properties – up from the current level of EPC E, by 2030.

    This will deliver on the priorities of working people, in line with the Prime Minister’s Plan for Change, by requiring landlords to invest in measures such as loft insulation, cavity wall insulation or double glazing – ensuring homes are warmer and more affordable for tenants. Alongside higher standards & funding in the social rented sector, this could lift up to one million households out of fuel poverty by 2030.

    Stakeholder reaction

    Charlotte Lee, CEO at the Heat Pump Association said:

    Following a record year for UK heat pump sales in 2024, we warmly welcome today’s announcements which will continue to support growth in the sector and increased deployment of clean heating.

    The additional funding to support those wishing to become qualified to install heat pumps and heat networks is especially welcome, alongside proposals to expand the Boiler Upgrade Scheme to make clean heating solutions an accessible option for more consumers.

    Jambu Palaniappan, CEO at Checkatrade said:

    We fully support this latest government investment in skills and training, and greater choice for homeowners.

    At Checkatrade, we’ve seen the growing importance of green energy to consumers, and with our new Green Hub are more easily connecting them with skilled tradespeople to make their homes more energy-efficient.

    The new funding is a key step towards empowering more people to enter the trade and a boost for the economy, helping to build long-term, sustainable careers for thousands across the UK.

    Verity Davidge, Director of Policy and Public Affairs at Make UK said:

    As we continue to transition to a low-carbon economy it is critical we have the people and skills needed to make it happen.

    Today’s announcement is a positive step towards ensuring the workforce is equipped with these skills. Many of those trained will develop the transferable skills needed to support industry in its own quest to transition to net zero.

    Ned Hammond, Deputy Director (Customers) at Energy UK, said:

    Expanding the Boiler Upgrade Scheme and giving families greater choice in the types of low-carbon heating systems available to them is a really positive move. More flexibility in the way customers can pay for these technologies will also help make efficient and smart heating systems, such as heat pumps, heat batteries and heat networks, available to even more customers who are struggling with high energy bills and looking for an alternative to costly gas boilers.

    The recent surge in demand for the Boiler Upgrade Scheme following the government’s funding uplift is a clear signal of consumer appetite and what can be done with the right support in place – and it’s vital this level of investment continues.

    Underpinning this is the need for a skilled and dedicated installer supply chain, so it’s fantastic to see government extending its support for skills and training as part of today’s announcement.

    The government’s figures show that 71% of installers benefitting from the Heat Training Grant said it made all the difference in their decision to upskill into heat pump systems. Extending the subsidy out to 2030 would help further with bringing in the thousands of new entrants we need into the heat pump and heat networks sectors.

    Chris O’Shea, CEO of Centrica, said:

    As the UK’s largest installer of low carbon heating technologies, we are delighted with the government’s proposals to expand the Boiler Upgrade Scheme to offer customers more choice on how to decarbonise their homes through greater financing, ownership and technology options.

    We can’t wait to add more to our Clean Power Army, the largest in the UK, using our award-winning academies and British Gas engineers to train installers across the UK.

    Garry Felgate, Chief Executive of The MCS Foundation, said:

    Consumer confidence in low-carbon technologies is growing, with more households installing heat pumps across the UK than ever before. Today’s announcements will help to accelerate that trend, by ensuring more people can access heat pump grants and supporting the growth of the heat pump workforce.

    These steps are very welcome news, enabling lower bills, lower carbon emissions, and sustainable jobs.

    Sando Matic, Europe President for Copeland, said:

    This investment marks a pivotal step in advancing clean energy solutions and driving economic growth.

    By expanding our manufacturing capabilities for heating solutions here in Northern Ireland, Copeland is proud to play a key role in helping to reduce reliance on fossil fuels and supporting the energy transition to more sustainable, electricity-powered heating.

    Aadil Qureshi, CEO of Heat Geek, said:

    Installers are the bedrock of this transition. They not only fulfil customer demand, but help guide and advise homeowners. More funding for programmes that deliver high quality training and good installation outcomes are essential for the future of this industry.

    Greg Jackson CBE, Founder and CEO of Octopus Energy, said:

    Britain has a huge opportunity to create thousands of good jobs as part of our energy transition. At Octopus, we’re playing our part by training 4,000 new low-carbon heating apprentices by 2030, but the industry needs thousands more if we’re going to reach our climate targets.

    It’s good to see backing for training that will get anyone, no matter if they’re school leavers or career changers, into these high-impact jobs.

    Notes to editors

    Options being considered to help spread the installation cost of a heat pump include:

    • hire purchase, giving households the option to pay for a heat pump in instalments, meaning they would own the equipment at the end of their contract
    • hire purchase plus, combining paying for a heat pump in instalments with a separate contract for an energy tariff, allowing providers to simplify costs into a single monthly payment
    • leasing, offering households the option to lease a heat pump for a set amount of time, like leasing a car. At the end of the contract, households would either enter into another agreement to continue leasing the heat pump, or would replace it
  • PRESS RELEASE : Councils to seize and crush fly-tipping vehicles to clean up Britain [April 2025]

    PRESS RELEASE : Councils to seize and crush fly-tipping vehicles to clean up Britain [April 2025]

    The press release issued by the Department for Environment, Food and Rural Affairs on 29 April 2025.

    Waste criminals, fly-tippers and cowboy waste operators to have vehicles seized and crushed.

    A new crackdown on cowboy waste operators will tackle soaring fly-tipping and clean up Britain’s streets, lanes and rural areas, the Government has announced today (Tuesday 29 April).

    Councils will work with the police to identify, seize and crush vehicles of waste criminals. Drones and mobile CCTV cameras will be deployed to identify cars and vans belonging to fly-tippers so they can be destroyed.

    Ministers have launched a rapid review to slash red tape blocking councils from seizing and crushing vehicles. Councils currently have to bear the significant cost of seizing and storing vehicles but under new plans, being consider by Ministers, fly-tippers will cover this cost, saving councils and taxpayers money.

    In addition, waste cowboys will now face up to five years in prison for operating illegally. Any criminals caught transporting and dealing with waste illegally will now face up to five years in prison under new legislation.

    Secretary of State for the Environment, Food and Rural Affairs, Steve Reed said:

    Waste criminals and fly-tippers who blight our towns and villages have gone unpunished for too long.

    That ends today. The Government is calling time on fly-tipping. I will not stand by while this avalanche of rubbish buries our communities.

    Under the Plan for Change, this Government will seize and crush fly-tippers vans’ to clean up Britain’s streets.

    These measures support the Government’s Plan for Change and will help deliver its key mission of Safer Streets for the public, restoring communities’ faith in efforts to combat anti-social behaviour.

    Waste crime is trashing communities across the country. Fly-tipping has skyrocketed by a fifth whilst the number of prosecutions has fallen by the same amount since 2018/19. The failure to punish these criminals has left our high streets, roads and countryside buried under an avalanche of rubbish.

    The Environment Agency will also carry out identity and criminal record checks on operators in the sector so there is nowhere to hide for rogue firms.

    It will be handed more resources as they will now be able to fund the cost of policing the industry through permits, boosting their powers and cutting costs for taxpayers. The reforms will also give them more power to revoke permits, issue enforcement notices and hefty fines.

    Philip Duffy, Environment Agency Chief Executive, said:

    Waste crime is toxic. Criminals’ thoughtless actions harm people, places, and the economy, blighting our communities and disrupting legitimate businesses.

    At the Environment Agency, we’re determined to bring these criminals to justice through tough enforcement action and prosecutions. That’s why we support the Government’s crackdown on waste criminals, which will ensure we have the right powers to shut rogue operators out of the waste industry.

    Executive Director of the Environmental Services Association (ESA), Jacob Hayler, said:

    For too long, criminality has run rampant across the waste sector. These illegal activities threaten the environment; damage communities and undermine legitimate recycling and waste operations. ESA has long campaigned for tighter rules, tougher enforcement and harsher penalties to deter criminals, so we very much welcome today’s reforms and hope that they are put to good use driving criminals out of our sector.

    In particular, the proposed reforms to the carriers, brokers, dealers and exemption regimes, coupled with strong and effective enforcement from the regulators, could go a long way to help tackle the scourge of waste crime, with increased scrutiny and accountability making it much harder for criminals to operate in our sector.

    Councillor Muhammed Butt, Leader of Brent Council, said:

    Our residents have had enough of the dumpers who pollute their neighbourhoods with rubbish. These new powers will be a welcome addition to our arsenal, reinforcing our zero-tolerance stance on fly-tipping. We’ve already witnessed the positive impact of our focused efforts, and I am determined to use every tool at our disposal, including seizing vehicles, to reclaim our streets.

    The Government is making available £69 billion to council budgets across England – a 6.8% cash terms increase – and bringing forward the first multi-year funding settlement in a decade, to help fund key responsibilities like tackling fly-tipping.

  • PRESS RELEASE : The UK is committed to doing all we can to protect information integrity with a human rights-based approach – UK statement at the UN [April 2025]

    PRESS RELEASE : The UK is committed to doing all we can to protect information integrity with a human rights-based approach – UK statement at the UN [April 2025]

    The press release issued by the Foreign Office on 29 April 2025.

    Statement by UK Spokesperson to the UN Letisha Lunin at the UN Committee on Information General Debate.

    Thank you Chair, let me begin by congratulating you and the members of the Bureau on your election.

    I would also like to thank the Secretariat and Under-Secretary-General Fleming and the Department of Global Communications for its work, including on the UN’s Global Principles for Information Integrity, which we are proud to support.

    The UN’s footage and testimony from war zones shines a light on humanitarian crises. Its news and campaign services raise awareness of the Sustainable Development Goals, and equip us with accurate information on the climate and nature crisis.

    As we mark the UN’s 80th anniversary, the Department’s work has never been more important.

    It is vital audiences understand the nature and magnitude of the current global challenges we face, and how the UN has made a difference, maintaining international peace and security, in accordance with the UN charter.

    Chair, I will make three points:

    First, the UK is extremely concerned at the rapidly growing threats to information integrity, fueled by artificial intelligence.

    Mis and disinformation operations are being used to exacerbate tensions and conflicts, and compromise the integrity of elections, undermining trust in democratic institutions.

    The recent World Economic Forum Global Risks Report for 2025 lists mis and disinformation as the most severe global risks over the next two years.

    Mis and disinformation is being weaponised by state and non-state actors to deceive populations at scale.

    Since Russia’s illegal invasion of Ukraine, Russia has been using disinformation to undermine global support for Ukraine. The UK has been proactive in identifying and acting against these malign information operations. This includes exposing and sanctioning the Russian state-funded Social Design Agency, whose sole purpose is to weaken international support for Ukraine by spreading false social media content.

    Recently, the UK shared information that Proxies, directed by the Russian state, have plans to interfere with elections in the Central African Republic, including through suppressing political voices and conducting disinformation campaigns to interfere in political debate.

    Russia has also been exploiting the Security Council as a platform for disinformation. Russia has invited dozens of individuals as briefers to spread conspiracy theories about what has happened in Ukraine.

    Member States all have a responsibility to protect the integrity of the UN as a trusted source of information.

    The UK condemns disinformation about UN Peacekeeping operations. The spread of false allegations not only erodes trust between the Blue Helmets and the communities they serve, it is also damaging their ability to implement their mandate, and it is putting peacekeepers’ lives at risk.

    We are proud to support the UN’s Mis and Disinformation in Peacekeeping Settings Project.

    Second, independent journalism reported freely, without fear, is essential in a democratic society.

    But in many parts of the world, the freedom of the media is under threat.

    The Committee to Protect Journalists (CPJ) reports that more journalists were killed in 2024 than in any other year since it began collecting data over three decades ago.

    The conflict in Gaza has become the deadliest ever recorded for media and journalist workers.

    In Sudan, reporters are also taking significant risks to document the horrors of war.

    Journalists should be able to carry out their work safely and free from censorship and harassment.

    The UK is proud to have co-founded the Media Freedom Coalition, with 51 countries as members, advocating for the safety of journalists.

    And we also thank the Department of Global Communications for its work supporting journalists.

    This brings me to my third point, Chair. The UK is committed to doing all we can to protect information integrity with a human rights-based approach.

    That is why we are proud to support the Global Digital Compact.

    The UK’s Online Safety Act ensures platforms tackle harmful content by requiring companies to take steps to remove illegal content, including illegal mis and disinformation.

    Finally, the UK supports multilingualism.

    And while a third of the world’s population remains offline, the UK supports collective efforts to close the digital divide and ensure those who come online have access to accurate and reliable information.

    Thank you.

  • PRESS RELEASE : We welcome progress in Syria’s political transition since the fall of the Assad regime – UK Statement at the UN General Assembly [April 2025]

    PRESS RELEASE : We welcome progress in Syria’s political transition since the fall of the Assad regime – UK Statement at the UN General Assembly [April 2025]

    The press release issued by the Foreign Office on 29 April 2025.

    Statement by Lord Collins of Highbury, Minister for Africa and the UN, at the UN General Assembly debate on the International Impartial and Independent Mechanism in Syria.

    Thank you Assistant Secretary-General Robert Petit for the briefing and the debate today.

    Let me also welcome Foreign Minister Al Shaibani to the Assembly. Your presence here today is a powerful signal of the opportunities that lie ahead for Syria to carve out a more secure, peaceful and prosperous future.

    I will make three points today.

    First, we welcome progress in Syria’s political transition since the fall of the Assad regime.

    This includes the formation of a new Syrian Government and their commitment to hold free and fair elections in Syria.

    We also welcome the important steps taken since December towards social cohesion amongst the Syrian people.

    This includes the first-ever consensus on the Human Rights Council resolution supported by the Syrian Government, and commitments by the Syrian Government to establish national committees to address transitional justice, missing persons and chemical weapons.

    However, as the horrific events in the coastal areas in March remind us, significant challenges remain to address the legacy of 14 years of war and brutality, and to begin the process to provide closure to all those affected.

    Second, we commend the IIIM for the valuable progress it has made since December on the international pursuit for accountability.

    The volume of documentation and witness interviews that the IIIM team have collated is a testament to your tireless dedication to provide a credible evidence base for future prosecutions.

    The appointment of an IIIM Liaison Officer in Damascus is also a promising example of UN-Syria cooperation, and we urge all parties to work collaboratively to ensure that survivors receive the justice that they demand, and that they deserve.

    Third, the UK had a leading role in supporting international and civil society accountability efforts during the Assad regime.

    And we remain committed to pursuing accountability for victims, survivors and families in Syria, and for that reason, we continue to see the IIIM as a crucial component for the future Syrian-led Transitional Justice processes.

    We were proud to have co-sponsored the UNGA resolution which established this mechanism in 2016 and remain committed to ensuring that it has the political backing and operational remit it requires to succeed.

    And this year, the United Kingdom has allocated a further $940,000 in funding to our partners in support of this effective evidence collection and preservation.

    We thank IIIM for your contribution to the fight against impunity and for amplifying the voices of survivors throughout your work.

    The UK will continue to support the Syrian Government and its people in their efforts on reconciliation and accountability to ensure a stable and prosperous future for the people of Syria.

  • PRESS RELEASE : Innovative ‘collective’ pension funds to deliver higher incomes and lower risks for future pensioners [April 2025]

    PRESS RELEASE : Innovative ‘collective’ pension funds to deliver higher incomes and lower risks for future pensioners [April 2025]

    The press release issued by the Department for Work and Pensions on 29 April 2025.

    Pensioners of the future will benefit from innovative ‘collective’ pension schemes to boost their income in retirement and productive investment across the economy, under plans announced today.

    • Wide reaching reforms to make innovative “collective” pension funds more commonplace will reduce risk and volatility for savers.
    • Collective Defined Contribution (CDC) schemes pool investment and longevity risks, unlocking productive investment potential as well as supporting more predictable returns for savers at no extra cost for employers.
    • With new regulations to allow for multiple employer CDCs planned for the Autumn, more savers are set to benefit from CDCs as part of the Government’s Plan for Change.

    More people than ever are saving into a workplace pension – £28 billion more in 2020 than in 2012 – with most of these pension pots being Defined Contribution (DC) schemes, where the employee is automatically enrolled to save a proportion of their salary tax-free and the employer contributes at least 3% of their salary to the pot too.

    But a lack of innovation and reform of the DC savings landscape risks some future pensioners bearing large risks, in terms of the value of their investments and whether their savings will provide an income throughout their retirement.

    Collective Defined Contribution (CDCs) are a new type of pension scheme that sees both the employer and employee contribute to a collective fund. Due to the scale of these funds and the pooling of risk for members, they can aim to provide a target pension income for life – similar to Defined Benefit (DB) schemes, sometimes called an average or final salary pension, but without the risk of significant unexpected bills for employers.

    In the UK, Royal Mail have already launched a CDC scheme for their employees which has over 100,000 members who are offered a combination of a cash lump sum and an income for life in retirement.

    Speaking at the LCP Conference in London today, the Minister for Pensions confirmed new regulations, set to be laid in the Autumn, will allow for multiple employer CDC schemes to be established, so that a range of unconnected employers can pool their employees’ pension pots into a collective fund, boosting returns for savers.

    These pooled pension investments will mean higher incomes in retirement, and help individuals manage the uncertainty about how long that retirement will be. These measures will provide more options for savers and employers to choose between and are part of wider reforms to the pensions landscape, as part of our Plan for Change to put more money into people’s pockets.

    Minister for Pensions, Torsten Bell said:

    Success in the world of pensions isn’t just about getting people saving, it’s ensuring their savings work as hard as possible for them.

    Making sure more employers and savers have the option of an innovative Collective Defined Contribution Pension scheme is an important part of making that happen.

    Too often at present we are leaving individuals to face significant risks, about how their individual investments perform and how long their retirements last. Pooling some of those risks will drive higher incomes for pensioners and greater investments in productive assets across the economy.

    The Minister also confirmed his desire to deliver decumulation only CDC schemes. These schemes would allow certain savers with DC schemes to access CDCs, offering retirees the chance to buy longer term, pooled retirement products that deliver stability for pensioners.

    Modelling from the PPI suggests that single employer CDCs could deliver a significantly greater average replacement rate (47%) than currently delivered through annuities (40%) with even higher benefits seen for multi-employer CDCs as longevity risks are pooled. (69%).

    And due to their size, CDCs can also be a more efficient vehicle for economic growth, with similar collective funds in Canada and Australia having proved an efficient way of supporting economic growth, investing in a wider range of sectors and assets.

    CDC schemes can invest in illiquid and more productive investments over the long term, including in UK businesses and infrastructure projects, supporting the Government’s growth mission while providing employers with greater freedoms as well as reducing the risks of over or under spending in retirement by paying pensioners based on life expectancy.

    These measures aim to drive economic growth and improve retirement outcomes for working people as part of the Plan for Change.

    Today’s announcement will provide clarity to the industry ahead of the upcoming Pensions Investment Review and Pension Schemes Bill, and in time give working people and employers a new option when considering what pension scheme works best for them

  • PRESS RELEASE : Universal Periodic Review 49 – UK Statement on Lao People’s Democratic Republic [April 2025]

    PRESS RELEASE : Universal Periodic Review 49 – UK Statement on Lao People’s Democratic Republic [April 2025]

    The press release issued by the Foreign Office on 29 April 2025.

    Statement by the UK’s Ambassador for Human Rights to the UN, Eleanor Sanders, at Lao PDR’s Universal Periodic Review at the Human Rights Council in Geneva.

    Thank you Mr Vice President.

    The United Kingdom welcomes the Lao PDR’s engagement with UN human rights mechanisms and its efforts to address human rights challenges. We are pleased with the inclusion of the Convention on the Elimination of All Forms of Discrimination against Women in Laos’ action plans.

    However, the UK remains concerned over restrictions on freedom of expression, assembly and religion. We are also concerned by limited land rights for vulnerable communities and the worsening issue of human trafficking linked to serious organised crime.

    We urge the Government to act on these issues and uphold its international obligations. In particular, we recommend that Laos;

    1. Takes immediate steps to protect and promote civic space, ensuring that all individuals can freely exercise their rights without fear of reprisal.
    2. Ensures that development projects respect the rights of affected communities, including noting the principle of free, prior and informed consent.
    3. Implements its international obligations under the Protocol to Prevent, Suppress and Punish Trafficking in Persons, especially women and children and to collaborate with regional and international partners to address this issue.

    Thank you.

  • PRESS RELEASE : New cryptoasset rules to drive growth and protect consumers [April 2025]

    PRESS RELEASE : New cryptoasset rules to drive growth and protect consumers [April 2025]

    The press release issued by HM Treasury on 29 April 2025.

    Changes support innovation while cracking down on fraudsters.

    • Clear new rules to give investors confidence and protect consumers
    • Chancellor also reveals discussions with US about supporting the use and responsible growth of digital assets, as Government works in national interest to drive growth through Plan for Change

    Firms offering services for cryptoassets like Bitcoin and Ethereum will be subject to new, clear rules, boosting investor confidence and driving growth through the Plan for Change.

    At a major summit in London to mark UK Fintech Week, the Chancellor revealed that the UK has published draft legislation for regulating cryptoassets – better protecting millions of people across Britain.

    Around 12% of UK adults now own or have owned crypto, up from just 4% in 2021. But too often, consumers have been left exposed to risky firms and scams.

    Under the new rules, crypto exchanges, dealers and agents will be brought into the regulatory perimeter — cracking down on bad actors while supporting legitimate innovation.  Crypto firms with UK customers will also have to meet clear standards on transparency, consumer protection, and operational resilience — just like firms in traditional finance.

    The Chancellor also revealed that the UK and US will use the upcoming UK – U.S. Financial Regulatory Working Group to continue engagement to support the use and responsible growth of digital assets.

    This follows discussions in Washington between the Chancellor and the US Treasury Secretary, Scott Bessent, where they also discussed opportunities to support businesses to innovate on both sides of the Atlantic. This includes looking at ideas for how we could allow for greater collaboration on digital securities between the UK and US, including the proposals put forward by SEC Commissioner Hester Peirce for a transatlantic sandbox for digital securities.

    Rachel Reeves, Chancellor of the Exchequer, said:

    Through our Plan for Change, we are making Britain the best place in the world to innovate — and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK.

    Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability.

    The Chancellor also announced that the government will publish the first-ever Financial Services Growth and Competitiveness Strategy on 15 July, alongside her Mansion House speech. This will support the financial services sector’s long term growth, with Fintech identified as a priority sector, and help it finance investment and growth across the UK.

    The government will bring forward final cryptoasset legislation at the earliest opportunity, following engagement on the draft provisions with industry.

    More information

    • The UK’s Financial Conduct Authority (FCA) consumer research found that around 12% of UK adults owned crypto in 2024, up from 4% in 2021.
    • The 2023 Treasury consultation proposed bringing a wide range of cryptoasset activities — including exchanges and custody services — within the UK’s financial services regulatory perimeter.
    • The government remains committed to making the UK a global hub for digital asset technologies, aligned with the Plan for Change to drive growth, innovation and security.
  • PRESS RELEASE : Romford builder banned for Covid loan abuse agrees to repay money he should never have claimed [April 2025]

    PRESS RELEASE : Romford builder banned for Covid loan abuse agrees to repay money he should never have claimed [April 2025]

    The press release issued by the Insolvency Service on 29 April 2025.

    Construction director previously disqualified as a director signs compensation agreement.

    • Ioan Marcu overstated his company’s turnover to receive £50,000 in Bounce Back Loan funds when he was only entitled to little more than £11,000
    • Marcu was handed a decade-long director ban for his misconduct following Insolvency Service investigations
    • The 38-year-old has now signed a formal document in which he agrees to repay the money he secured

    A builder who was disqualified as a company director for Covid loan abuse has now agreed to repay all the money the company was not entitled to claim.

    Ioan Marcu inflated his Imbusi Ltd company’s turnover to receive a £50,000 Bounce Back Loan in 2020, the maximum allowed under the scheme.

    Marcu was disqualified as a director for 10 years in January 2025 following Insolvency Service investigations.

    The 38-year-old, of Lindfield Road, Romford, has now signed an agreement committing him to repay more than £38,000 – the total amount the company should never have received.

    Ann Oliver, Chief Investigator at the Insolvency Service, said:

    Ioan Marcu significantly overstated his company’s turnover in order to receive the maximum amount of money businesses were entitled to under the Bounce Back Loan Scheme.

    This was clearly an inaccurate declaration which has resulted in him being banned as a director until the start of 2035.

    Marcu has now signed a compensation undertaking which legally requires him to pay back all the public money the company should never have received in the first place.

    Imbusi was incorporated in August 2014 with Marcu as its sole director.

    Marcu applied to the bank for the £50,000 Bounce Back Loan in July 2020, claiming Imbusi’s turnover was £280,000 – an over-estimate of more than £230,000.

    Insolvency Service analysis of Imbusi’s accounts revealed the company was only entitled to a loan of £11,451.

    The Secretary of State for Business and Trade accepted a compensation undertaking from Marcu on Thursday 24 April, in which he has agreed to repay £38,549 in monthly instalments.

    His disqualification undertaking prevents him from being involved in the promotion, formation or management of a company, without the permission of the court.

    Imbusi went into liquidation in July 2022 with liabilities of more than £63,000.

    Further information

    • Ioan Marcu is of Lindfield Road, Romford. His date of birth is 6 January 1987
  • PRESS RELEASE : Joint statement on the Withdrawal Agreement Joint Committee [April 2025]

    PRESS RELEASE : Joint statement on the Withdrawal Agreement Joint Committee [April 2025]

    The press release issued by the Cabinet Office on 29 April 2025.

    Joint statement by the co-chairs of the Withdrawal Agreement Joint Committee, Minister for the Cabinet Office, the Rt Hon Nick Thomas-Symonds MP and the European Commissioner Maroš Šefčovič, 29 April 2025 :

    The United Kingdom (UK) and European Union (EU) today held a meeting of the Withdrawal Agreement Joint Committee in London. The Joint Committee co-chairs took note of the state of play of the implementation of the Withdrawal Agreement since the last meeting on 16 May 2024, renewing the EU and UK’s shared commitment to the full, timely, and faithful implementation of the Agreement in all its parts.

    The co-chairs reiterated that citizens’ rights are a key joint priority. In that spirit, the co-chairs warmly welcomed the legislative step taken by the UK Government relating to legal clarity for EU citizens with status under the EU Settlement Scheme and look forward to its practical application. They highlighted the importance of ensuring a smooth transition for citizens from temporary to permanent residence over the course of the next two years. The co-chairs agreed to further strengthen their ongoing cooperation on all citizens’ rights issues to ensure that all citizens who are beneficiaries of the Withdrawal Agreement can fully enjoy their rights now and in the future.

    The co-chairs recalled the importance they attach to the full, timely, and faithful implementation of the Windsor Framework for the benefit of people and businesses in Northern Ireland, while continuing to avoid a hard border on the island of Ireland and ensuring the protection of the EU Single Market, to which Northern Ireland has a unique access, and the integrity of the UK’s Internal Market.

    They noted the considerable work undertaken to date in the implementation of the Windsor Framework, having delivered benefits across areas, including on agri-foods, trade, VAT and excise, and engagement with stakeholders. They recalled specifically that, since the last Withdrawal Agreement Joint Committee, the arrangements for human medicines had started applying effective from 1 January 2025. At the meeting today, they also completed important work on safeguards allowing new customs facilitations on parcels and freight to take effect on 1 May 2025.

    They reiterated their unwavering commitment to stepping up the work for the full delivery of safeguards underpinning the facilitations, in particular in the agri-food area.

    The co-chairs welcomed the Joint Committee newly adopted decisions on the implementation of the Windsor Framework. Finally, they adopted the Withdrawal Agreement Joint Committee Annual Report for the year 2024.

    The co-chairs agreed to continue working in a spirit of mutual trust and remain in very close contact to achieve full delivery of the Withdrawal Agreement and to strengthen bilateral relations in view of the UK-EU Summit on 19 May 2025.

  • PRESS RELEASE : Universal Periodic Review 49 – UK Statement on Guinea [April 2025]

    PRESS RELEASE : Universal Periodic Review 49 – UK Statement on Guinea [April 2025]

    The press release issued by the Foreign Office on 29 April 2025.

    Statement by the UK’s Ambassador for Human Rights to the UN, Eleanor Sanders, at Guinea’s Universal Periodic Review at the Human Rights Council in Geneva.

    Thank you, Madame Vice President.

    We thank the Guinean delegation for setting out its efforts to protect human rights. And we welcome the steps taken to return to constitutional order. Presidential elections must be held by the end of 2025, as committed to by President Doumbouya.

    Guinea must also take urgent action to tackle corruption in the judiciary and public administration, ensuring that international standards are upheld.

    Freedom of expression and media freedom are vital. We urge the Government to decriminalise peaceful demonstration and lift the ban on mainstream private media. This will, in turn, strengthen legal protection for journalists, the media and civil society.

    Steps should also be taken to tackle all forms of discrimination and inequality including against minority groups.

    We recommend that Guinea:

    Ensure electoral processes in 2025 are credible, including during September’s referendum on the constitution; and local, legislative and presidential elections

    Promote freedom of expression by decriminalising defamation, lifting the ban on private media channels and allowing peaceful public demonstrations.

    Take urgent action to tackle corruption in the judiciary and public administration, upholding due process in line with international standards.

    Thank you.