Tag: 2022

  • PRESS RELEASE : Foreign Secretary at COP27 pledges new support for developing countries to deal with climate change [November 2022]

    PRESS RELEASE : Foreign Secretary at COP27 pledges new support for developing countries to deal with climate change [November 2022]

    The press release issued by the Foreign Office on 7 November 2022.

    • Foreign Secretary travels to Egypt for COP27 climate change conference
    • James Cleverly will today announce a range of investments worth over £100 million
    • He will also urge international partners to speed up progress towards delivering on COP26 targets.

    Foreign Secretary James Cleverly is in Sharm el-Sheikh at COP27 today to call for tangible action to deliver on the commitments made at COP26 in Glasgow and support developing economies to tackle the impacts of climate change.

    The Foreign Secretary will today announce a range of significant UK investments worth more than £100 million to support developing economies to respond to climate-related disasters and adapt to the impacts of climate change, delivering on targets set at COP26.

    The Prime Minister is expected to make a raft of adaptation-related announcements at the conference later today, including that the UK will triple funding for adaptation programmes from £500 million in 2019 to £1.5 billion in 2025

    Mr Cleverly will also argue that long-term prosperity depends on taking action on climate change and ramping up investment in renewable energy across the world, pointing to the impact of Russia’s illegal invasion of Ukraine on the global economy.

    Foreign Secretary James Cleverly said:

    The Glasgow Climate Pact gave the world the tools to limit the rise in global temperature to 1.5 degrees and build a secure and sustainable future.

    Now is the time for all countries to step up their action on climate change and deliver the tangible change needed.

    The UK will continue to play a leading role in this mission. The funding we have announced will support countries which are facing the devastating impact of climate change, to adapt effectively.

    The Foreign Secretary will announce today that the UK will provide £20.7 million in Disaster Risk Financing to support countries which face climate-related disasters, helping them to afford insurance and to access reliable funding, more quickly, after a disaster.

    As an example, this funding will allow the World Food Programme to insure food supplies for almost 5 million people across 23 vulnerable countries in cases of climate-related disasters, and will help small island developing states build resilience to extreme weather events.

    This support is part of the commitment made in 2021 at the UK G7 in Carbis Bay, Cornwall, to spend £120 million on Disaster Risk Financing.

    The UK will also announce several new funding allocations to support countries to adapt to the impacts of climate change over the longer-term. The UK will spend £13 million to support vulnerable countries to adapt to climate impacts, and towards efforts to avert, minimize and address loss and damage, including through new funding for the Santiago Network, an organisation set up to support vulnerable countries to access technical assistance on adaptation.

    In Nigeria, the UK will provide a £95 million investment to support the development of climate-resilient agriculture programmes, for example through scaling up heat tolerant crop varieties. The funding will support more than 4 million people, including 2 million women, to increase productivity while reducing emissions.

    At a meeting with his Colombian counterparts, the Foreign Secretary will also sign a Memorandum of Understanding with Colombia to renew their “Partnership for Sustainable Growth”, deepening bilateral cooperation on climate change and increasing efforts to protect and restore nature and biodiversity in land and marine ecosystems.

    Under the UK’s COP Presidency, almost all developed country climate finance providers made new, forward-looking climate finance commitments, with many doubling or even quadrupling support for developing countries to take climate action.

    The Climate Finance Delivery Plan Progress Report has reaffirmed that the climate finance goal will be met by developed countries by 2023 latest, with over $500bn mobilised over the 5-year period 2021-25.

  • PRESS RELEASE : Arrests made ahead of planned motorway protest activity [November 2022]

    PRESS RELEASE : Arrests made ahead of planned motorway protest activity [November 2022]

    The press release issued by the Met Police on 6 November 2022.

    The Met has launched a significant proactive policing operation to identify and arrest people we have strong reason to believe are intent on causing reckless and serious disruption to the public.

    We have worked with surrounding forces and the National Police Coordination Centre (NPoCC) to ensure that there is a joined up response to this clear threat.

    Assistant Commissioner Matt Twist said: “Acting on intelligence, this operation is fast-moving and will continue this evening and overnight with multiple arrest enquiries underway. So far this evening we have made three arrests linked to this activity.

    “This is an evolving situation and we suspect the intent of these individuals is disproportionate to any legitimate right to protest and clearly crosses the line into unlawful activity.

    “Our investigation has strong reason to suspect the Just Stop Oil group intend to disrupt major motorway road networks which would risk serious harm to the public, with reckless action to obstruct the public on a large scale.

    “All those arrested are suspected of engaging in conspiracy to cause public nuisance contrary to Section 78 Police, Crime, Sentencing and Courts Act 2022.

    “There remains a possibility outstanding suspects are still intent on causing unlawful disruption to the public. The Met has mobilised specialist teams and drawn police officers from across the capital to respond.

    “We are calling on the public to assist us. Remain vigilant – if you see something suspicious or witness an attempt to cause disruption call 999 immediately.

    “Operations like these come at a cost. Since the start of October we have used more than 10,000 officer shifts to police Just Stop Oil protests. These are officers who would otherwise be dealing with issues that matter to local communities, such as knife crime, safeguarding and responding to burglaries.

    “We are determined to bring to justice all of those who conspire to cause significant and unreasonable disruption to London, or cause damage to buildings, property or valuables. It’s what the public expects, and we’ll work closely with the Crown Prosecution Service and Courts to make sure this happens.”

  • PRESS RELEASE : PwC comments on the latest Bank of England interest rate decision [November 2022]

    PRESS RELEASE : PwC comments on the latest Bank of England interest rate decision [November 2022]

    The press release issued by PWC on 3 November 2022.

    Barret Kupelian, Senior Economist at PwC, comments on today’s BoE interest rate decision:

    “Surprising no one, the Bank of England today increased its policy rate by 75 basis points to 3% which is its biggest hike for thirty years. At the same time, the Bank also released its Monetary Policy Report, which contains its latest thinking on the good, the bad and the ugly of the UK economic outlook. We summarise below.”

    “The good: Consistent with our own forecast, the Bank thinks consumer price inflation will peak by the end of this year and gradually fall from early next year as the energy price falls out of the annual comparison. In its main scenario, the inflation rate falls under target by the second quarter of 2024 using market-determined interest rate paths, or slightly later when conditioned against a more accommodative policy rate of 3%.”

    “The bad: The Bank expects Sterling’s effective rate to remain around 5% lower than its 2020/1 average or around 25% lower than its pre-financial crisis rate for the foreseeable future. However, the Bank also expects UK consumers and businesses to be hit with all the downsides of cheaper sterling (i.e. more expensive imports with import inflation expected to peak at 16% by the end of the year), but with very little of the upsides (i.e. higher volume of goods and service exports). In net terms the Bank expects virtually no growth spurt from cheaper sterling.”

    “And the ugly: The Bank of England predicts that there will be virtually no growth in the next couple of years and a prolonged period of recession.This is a significantly worse economic performance compared to our peers, i.e. the US and the Eurozone. More worryingly, the Bank expects no growth in labour productivity and a fall in business investment, all of which make the UK a less attractive place to do business. Precisely because of the lack of growth, the Bank expects the unemployment rate to steadily increase to just around 6.5% in three years’ time.”

  • PRESS RELEASE : UK’s first large-scale merchant lithium refinery announced [November 2022]

    PRESS RELEASE : UK’s first large-scale merchant lithium refinery announced [November 2022]

    The press release issued by the Department for Business, Energy and Industrial Strategy on 7 November 2022.

    Today the Business Secretary Grant Shapps is visiting Teesside to announce the UK’s first large-scale merchant lithium refinery, providing battery grade materials for use in the electric vehicle, renewable energy and consumer technology supply chains.

    In a boost for Levelling Up and government plans to make the UK the best place in the world to do business, Green Lithium has unveiled Teesport in Middlesbrough as the site for their forthcoming lithium refinery, delivering more than 1,000 jobs in construction and 250 long-term high-skill jobs for local people once up and running. 89% of the world’s lithium processing currently takes place in East Asia and there are currently no lithium refineries in Europe. Green Lithium aims for this to be the first merchant lithium refinery outside of Asia.

    The UK Government has backed Green Lithium with a grant of over £600,000 through the Automotive Transformation Fund.

    Lithium is an essential component of batteries and a secure supply will be critical for our automotive and energy industries. Critical minerals are irreplaceable in products essential to our everyday lives – such as mobile phones, wind turbines and fighter jets.

    Critical minerals are at high risk of supply disruption, because of volatile markets and complex supply chains. The world in 2040 is projected to need four times more critical minerals than it does today.

    Business Secretary Grant Shapps said:

    We’re backing companies, like Green Lithium here in Teesside, to grow the new, green industries across the UK, sparking jobs and growth for decades to come.

    This is levelling up in action. The refinery will deliver more than 1,000 jobs during its construction and 250 long-term, high-skill jobs for local people when in operation.

    It is also allowing us to move quickly to secure our supply chains of critical minerals, as we know that geopolitical threats and global events beyond our control can severely impact the supply of key components that could delay the rollout of electric vehicles in the UK.

  • PRESS RELEASE : UK strengthens Taiwan trade ties as Minister visits Taipei [November 2022]

    PRESS RELEASE : UK strengthens Taiwan trade ties as Minister visits Taipei [November 2022]

    The press release issued by the Department for International Trade on 7 November 2022.

    • Trade Policy Minister Greg Hands heads to Taiwan for first in-person trade talks since pandemic
    • During a two-day visit, he will meet President Tsai Ing-wen and co-host the 25th annual UK-Taiwan Trade Talks
    • The Minister will use talks to tackle barriers to trade and promote UK expertise in areas like offshore wind and hydrogen

    Trade Minister Greg Hands will co-host the UK-Taiwan 25th annual Trade Talks in Taipei to boost trade and future-proof our economy through collaboration on green trade and supply chains.

    With its advanced, high-tech economy, a GDP of over $770 billion, and strong economic growth – averaging 4% over the last 30 years – Taiwan is an important trading partner for the UK.

    Visiting Taiwan in person is a clear signal of the UK’s commitment to boosting UK-Taiwan trade ties. Like the UK, Taiwan is a champion of free and fair trade underpinned by a rules-based global trading system.

    The talks with Deputy Minister Chern-Chyi Chen will look at tackling barriers to trade in sectors like fintech, food and drink and pharma, aimed at helping more UK firms export and invest in Taiwan. The Minister will also promote UK expertise in offshore wind, hydrogen and electric vehicles in discussions on areas of mutual interest such as renewables and science and innovation.

    Minister of State for Trade Policy Greg Hands said:

    “I first visited Taiwan 31 years ago in 1991 and it’s been fantastic to see the growth of this dynamic, vibrant economy. I’m thrilled to be the first Trade Minister here post-pandemic and to be celebrating the 25th anniversary of trade talks.

    “Boosting trade with this vital partner is part of the UK’s post-Brexit tilt towards the Indo-Pacific and closer collaboration will help us future-proof our economy in the decades to come.”

    Our thriving £8bn trade partnership has gone up 14% in the last two years, with UK exports to Taiwan also increasing in that time. The Government’s most recent annual business survey showed the overwhelming majority of UK companies operating in Taiwan are optimistic about its economy and prospects.

    During the Trade Talks, Innovate UK will sign a Memorandum of Understanding (MoU) with the Ministry of Economic Affairs in Taiwan, pledging to increase collaboration on technology and innovation. This includes a £5m funding commitment through to 2025 and support to UK businesses via a bespoke Innovation Programme between the UK and Taiwan.

    As a leading manufacturer of semiconductors – the chips used in electronic devices like iPhones and electric vehicles – Taiwan is a key player in global supply chains. The Minister will use meetings with President Tsai Ing-wen, Minister of Economic Affairs Wang Mei-Hua, Minister of Digital Affairs Audrey Tang, Minister Kung Ming-Hsin and Minister John Deng – to promote diversified, resilient supply chains and greater economic cooperation.

    Thanks to the UK’s unmatched offshore wind experience and expertise, the UK is already a major partner in Taiwan’s green transition, with more than 38 British companies already having set up offices in Taiwan. The Minister will visit the Formosa 2 offshore wind site – the first international offshore wind project supported by UK Export Finance – which more than 10 British companies are involved in.

    Luxfer Gas Cylinders, a British company based in Nottingham (UK), has just signed a contract to supply cylinders for Taiwan’s first pilot hydrogen bus project.

  • Sadiq Khan – 2022 Statement on Arts Funding

    Sadiq Khan – 2022 Statement on Arts Funding

    The statement made by Sadiq Khan, the Mayor of London, on 4 November 2022.

    Many of our world-leading cultural organisations will be left devastated by this announcement of over £50 million worth of Government cuts to London’s arts funding.

    These cuts could not have come at a worse time as arts organisations already face a triple whammy of spiralling operating costs, soaring energy bills, and the impact of both the pandemic and the cost of living crisis on audience figures.

    London’s cultural organisations contribute billions and power our capital’s economic comeback as well as the wider UK economy every year which is why they need continued investment. A strong London equals a strong UK that’s why I am urging the Government to think again and reconsider the consequences of these detrimental cuts.

  • PRESS RELEASE : Mayor announces £130m to support Londoners into good work in key sectors [November 2022]

    PRESS RELEASE : Mayor announces £130m to support Londoners into good work in key sectors [November 2022]

    The press release issued by the Mayor of London on 4 November 2022.

    The Mayor of London, Sadiq Khan, today launched a new £130m fund which will help Londoners to get the skills they need to progress into jobs in key sectors such as digital, hospitality and the green industry.

    From today, adult skills providers in London, such as colleges, will be able to bid for grants of up to £5.4m over three years to provide training to around 80,000 Londoners who are unemployed or in lower paid work with a particular focus on those who are underrepresented across key industries.

    As the cost of living continues to rise, it is more important than ever that Londoners can access secure, well paid jobs in future-proof industries like the health, creative and digital sectors. The Mayor is going further by introducing a ‘good work’ outcome payment within this new Jobs and Skills for Londoners Fund, ensuring provision leads to fair employment that supports the needs of Londoners and businesses.

    The Mayor of London, Sadiq Khan said: “Many Londoners are making tough choices in the run up to winter with the increase in inflation and energy bills leaving them with less money in their pocket.

    “This funding will support low income Londoners and those who are unemployed to gain skills that will allow them to earn more or get better paying jobs and help ensure that we are building a better London for everyone – a safer, fairer and more prosperous city for all Londoners.”

    “Adult education providers play a huge role in supporting London’s communities and I urge providers to bid for this funding so they can help even more Londoners get the skills they need.”

  • PRESS RELEASE : Mayor warns PM not to pursue policy of ‘Austerity 2.0′ [November 2022]

    PRESS RELEASE : Mayor warns PM not to pursue policy of ‘Austerity 2.0′ [November 2022]

    The press release issued by the Mayor of London on 1 November 2022.

    The Mayor of London, Sadiq Khan has pledged to work with the new Prime Minister to create the high-wage, high-quality jobs Londoners deserve, saying he’ll always be prepared to put differences aside and work in the best interests of the capital and the country.

    However, in a keynote address to an audience of influential leaders at The Centre for London’s flagship London Conference today, the Mayor will also warn that ‘Austerity 2.0’ is not the way forward or the route to sustainable growth and prosperity.

    As the city faces multiple challenges from the fallout from Covid, the upheaval of Brexit, the climate emergency, growing inequality and the cost of living crisis, Sadiq will set out his vision for a London economy “firing on all cylinders” through “more devolution, a race to the top – not the bottom, and sustained investment”. The Mayor will point to how he is championing the London Living Wage and investing heavily in skills and retraining programmes, a Green New Deal for London and City Hall’s Anchor Institutions programme.

    All of these initiatives are about creating the high-wage, high-quality jobs Londoners deserve, benefitting local communities and businesses, while at the same time helping to address longstanding inequalities and accelerating London’s shift to net-zero by 2030.

    Sadiq will say he has a serious, sustainable, inclusive growth plan for London, which isn’t ‘Singapore on Thames or Austerity 2.0’, but about investing in London’s communities to help make sure the city works for everyone.

    The Mayor will warn against “swingeing cuts” in the Chancellor’s Autumn Statement later this month and encourage him to abandon his predecessor’s notion of trickle down economic gains from cutting taxes for the wealthiest and removing regulations. Instead, Sadiq will call for Government to deliver “a better Brexit deal, a more flexible approach to immigration so we can access talent, greater funding for green infrastructure and an end – once and for all – to the divisive anti-London approach of recent years.”

    Sadiq will also say “the London promise – the idea that if you work hard, you get a helping hand, and you can achieve anything – is under serious threat as economic forces are rapidly eroding any expectation that the next generation will be better off than the last.”

    Sadiq will once again demand the Government act now to mitigate the impact of the cost of living crisis, which is set to hit the most vulnerable Londoners hardest over the winter. His message to Ministers is clear: “give me the powers to freeze private rents in London for two years, as well as increase welfare benefits in line with inflation and roll out free school meals to all primary school pupils.”

    It is only with this support that the Mayor can build on what he has already achieved – record affordable homebuilding, greener and more affordable transport, cleaner air, introducing a public health approach to tackling crime – and continue to continue build “a better London for everyone, a city that is fairer, safer, greener and more prosperous for all our communities.”

    On the need for economic growth, the Mayor is expected to say:

    “It’s my firm belief that in order to help our communities through this terrible cost of living crisis – and get growth back into our economy – what we need is, more devolution, a race to the top – not the bottom and sustained investment, not swingeing cuts.

    “That’s why as Mayor, I’m championing the London Living Wage, which has led to a quadrupling of living wage employers in London, and investing heavily in our skills and retraining schemes, in a Green New Deal for London and in our Anchor Institutions programme.

    “All of these initiatives are about creating the high-wage, high-quality jobs Londoners deserve. And they are about promoting good growth, which benefits London’s communities, boosts local economies, businesses and supply chains, tackles longstanding inequalities and accelerates our shift to net zero.

    “This is a serious, sustainable, inclusive growth plan, not Singapore on Thames or Austerity 2.0.

    “It’s one that’s designed to help make sure our city works for everyone.”

    On levelling up, the Mayor is expected to say:

    “You can’t level up the country by levelling down London.

    “So my message to the new Prime Minister today is work with me and invest in London if you want to grow the national economy, level up other regions and raise living standards – not just in London, but right across the country.

    “Because the UK only works when London works – and vice versa, and I’ll always be willing to put party politics aside in the best interests of our capital and country.”

    On the need for greater devolution, the Mayor is expected to say:

    “We must get our economy firing on all cylinders. This means devolving more powers, funding and resources to London not only so we can ensure our city works for all our communities, but so we can help power the national recovery.

    “We have the most centralised democracy in the Western world and unlocking the potential of London – and our other great towns, cities and regions – would aid our country’s fortunes, not hinder them.”

  • PRESS RELEASE : Mayor calls on the Government to introduce rebate to freeze rents for social housing tenants and shared owners [November 2022]

    PRESS RELEASE : Mayor calls on the Government to introduce rebate to freeze rents for social housing tenants and shared owners [November 2022]

    The press release issued by the Mayor of London on 1 November 2022.

    The Mayor of London, Sadiq Khan, is today calling for London’s 292,000 social housing tenants and shared owners to receive a Government-funded rebate to compensate for looming social rent increases next April.

    Sadiq believes the cost-of-living crisis demands the same focus that saw the Government and housing providers collaborate during the pandemic, ensuring the most vulnerable in society were protected and supported.

    A quarter of a million households in London pay for their social rent from their own pocket, meaning any substantial increase in rents would drag more households into poverty and, for some, drive new benefit applications.

    Ministers are currently considering a new cap limiting annual social rent increases at either three per cent, five per cent or seven per cent. The Mayor is calling on the Government to go further by providing an effective rent freeze for residents. This would be achieved by giving social housing residents – including shared owners who are currently not covered by the Government’s plans – a rebate on any increases that landlords make next year. It could be fully paid for by housing benefit savings that Government will make, whichever level of rent cap it decides on.

    The Mayor is also calling on the Government to scrap the benefit cap, which unfairly targets larger families. The benefit cap sets a limit to the maximum amount households where no one is at work can receive in benefits. If households’ entitlement hits this maximum amount – which is more likely to happen with higher rents – then deductions are made from their housing-related benefits. Therefore, social rent rises, even if capped, could mean some households who access housing benefit will have to cover increases themselves, with limited capacity to do so given other cost of living pressures.

    By arguing for a rent rebate rather than a conventional rent freeze, the Mayor’s proposal would prevent the complete choking off of new social housing supply and essential maintenance work. Councils and housing associations wouldn’t contribute a penny more than what is set out by Government in response to their rent cap consultation. The Mayor believes it is crucial that the Government provides the investment that enables social landlords to continue to focus on building new genuinely affordable homes, and on investing in maintaining the quality and safety of all social housing. For social landlords, recent evidence shows the cost of building new homes is rising 12 per cent a year, and the cost of repairs and maintenance materials are up 14 per cent annually. Any cap on the rent increases that they are able to implement will have a significant impact on providers’ business plans and ability to invest in London’s social housing stock which are already very stretched due to inflation and increasing borrowing costs.

    For Londoners waiting on housing registers, slowing down the new development of social housing is unacceptable. It is not in the interests of current tenants to scrap or pause efforts to invest in the quality and safety of their homes. And with an ever more urgent climate crisis, it is also not in the interests of the housing sector or society to reduce investment into making homes more energy efficient and achieving net zero. A rent freeze, via rebates for all social housing residents who are out pocket, would protect investment plans of social landlords alongside the household budgets of tenants and shared ownership leaseholders.

    Mayor of London Sadiq Khan said: “Londoners living in social housing are on the front line of the cost of living crisis, facing ever increasing bills and costs. That’s why I am urging Ministers to implement a rent freeze for social housing tenants via a rebate to compensate for any upcoming social rent increases.

    “I have called repeatedly for a rent freeze for London’s private renters. Those in social housing and shared owners should also get the benefits this would bring too.

    “We are now building council homes in London at a rate not seen since the 1970s, but the Government needs to help ensure that inflation doesn’t render these homes unaffordable for those who need them. A social housing rent freeze is the only sensible solution as we continue to build a London that is fairer for everyone.”

    Dinah Roake, Chair of the London Housing Panel said: “As the Chair of the London Housing Panel, I welcome the Mayor’s position that government should implement a rent freeze, via a rebate scheme, for social housing tenants (including shared owners) whose rents are not covered by benefits and who will be dealing with immense pressures already in the current cost-of-living crisis. The panel also recognises the need for more government investment in existing and new social housing. The need for more new high-quality social housing is only increasing in the current context. For the majority of Londoners who are currently homeless, living in temporary accommodation, or living under precarious housing conditions, social rented homes are the most secure and affordable tenure – and desperately needed.”

    The proposed rebate could be fully funded through whatever rent capping scenario the Government chooses, because the funds the Government would have spent through housing-related benefits under the current rent settlement would be reduced via imposing a new cap. This money could then be re-routed to social housing residents who pay rent from their own pockets.

  • Sadiq Khan – 2022 Comments on Gang Violence in London

    Sadiq Khan – 2022 Comments on Gang Violence in London

    The comments made by Sadiq Khan, the Mayor of London, on 1 November 2022.

    The fact Black Londoners have less trust in the Met should concern us all. That is why the comprehensive overhaul of the Gang Violence Matrix is so important – increased scrutiny and transparency will help increase the degree of confidence all of London’s diverse communities can have in the Met.

    As a direct result of the police acting on the recommendations, the Matrix database is now more effective and more evidence-based than ever before.

    We know that gang-related violence still accounts for a significant proportion of the most serious crime in London and the Matrix is a necessary enforcement tool as well as a means to support and intervention, but it’s vitally important that the police continue to evaluate how it is used. It’s something the new Met Commissioner and I have committed to improving together in order to build a fairer and safer London for everyone.