Tag: 2023

PRESS RELEASE : US Treasury Secretary Janet L. Yellen’s Meeting with Finance Ministers from Australia, Canada, New Zealand, and the United Kingdom [January 2023]

The press release issued by HM Treasury on 10 January 2023.

Secretary of the Treasury Janet L. Yellen’s Meeting with Finance Ministers from Australia, Canada, New Zealand, and the United Kingdom.

WASHINGTON – U.S. Treasury Secretary Janet L. Yellen chaired a meeting of the “Five Finance Ministers” which includes Australia, Canada, New Zealand, and the United Kingdom. The ministers shared perspectives on global economic challenges and reflected on the distinct challenges stemming from Russia’s illegal and unprovoked war against Ukraine. The ministers also discussed the need for cooperation to respond to the threat and use of economic coercion.

Secretary Yellen underscored the importance of close collaboration among partners and allies to secure our economies and develop greater resilience against global supply chain disruptions caused by Russia’s war, the ongoing effects of the COVID-19 pandemic, and other factors. The ministers look forward to future engagements and reaffirmed their commitment to deepen cooperation to further shared priorities in the Indo-Pacific and beyond.

January 10, 2023
PRESS RELEASE : Appointment of Bishop of Blackburn [January 2023]

The press release issued by 10 Downing Street on 10 January 2023.

The King has approved the nomination of The Right Reverend Philip North, Suffragan Bishop of Burnley, for election as Bishop of Blackburn, in succession to The Right Reverend Julian Henderson following his retirement.

Background

Philip was educated at the University of York and trained for ministry at St Stephen’s House, Oxford. He served his title at St Mary the Virgin in the Diocese of Durham and was ordained priest in 1993. In 1996 Philip took up the role of Vicar at Holy Trinity and St Mark’s Hartlepool and was also appointed Area Dean of Hartlepool in 2000.

In 2002 Philip was appointed Priest Administrator of the Shrine of Our Lady of Walsingham, in the Diocese of Norwich, before being appointed Team Rector of the Parish of Old St Pancras, in the Diocese of London, in 2008.

Philip took up his current role as Bishop of Burnley in 2015.

January 10, 2023
PRESS RELEASE : The UK and the SEC Thailand sign new MoU on financial services [January 2023]

The press release issued by the Foreign Office on 10 January 2023.

On 9 January 2023, the UK Government and the Securities and Exchange Commission of Thailand (SEC Thailand) signed a new Memorandum of Understanding (MoU) on Financial Services to further strengthen their partnership in the financial sector.

The MoU aims to promote inclusive economic growth and support Thailand on the transition towards low carbon and sustainable economy. It builds on the previous MoU under which the two parties have been collaborating for the past few years.

Under the previous MoU, the UK and the SEC Thailand worked together with the UK providing technical assistance in areas including accounting standards, the development of financial technology (FinTech) ecosystem, sustainable finance such as green bonds and climate risk disclosure for listed companies, e-Know Your Customer (e-KYC) and cybersecurity.

The new MOU will focus on supporting Thailand to further develop the regulatory environment for the FinTech sector, promote sustainable finance, and increase awareness of sustainable investment in Thailand and other ASEAN countries.

The cooperation will be funded by the UK’s ASEAN Economic Reform Programme and the UK’s Partnering for Accelerated Climate Transitions Programme, which support knowledge and expertise sharing, and regular practices on financial technology and sustainable finance.

Ms. Ruenvadee Suwanmongkol, Secretary-General of SEC Thailand, said:

FinTech and sustainable finance are key areas emphasized by SEC Thailand. We strongly believe that the new MoU with the UK Government will support the enhancement of the financial ecosystem as well as promote the development for inclusive and sustainable economic growth.

Recognising the partnership, Mark Gooding, His Majesty’s Ambassador to Thailand, said:

Financial services are a key driver of the modern economy. We are proud to take another step in our long-time partnership with SEC Thailand with a particular focus on the cutting edge of finance: FinTech and sustainability.

January 10, 2023
Andrew Mitchell – 2023 Statement on United Nations Security Council Resolution 2672 on Cross-border Aid to Syria

The statement made by Andrew Mitchell, the Minister of State for International Development, on 9 January 2023.

The United Nations Security Council has today adopted Resolution 2672, allowing the delivery of UN cross-border aid into Syria to continue for a further six months. This is a welcome step, but more must be done to tackle the unprecedented humanitarian needs across the country. And we reiterate the importance of the mandate to align with the 12 month humanitarian programme cycle as the most effective way to deliver aid to people in need.

Across Syria, more than 15 million people are in need of humanitarian assistance and 12 million are food insecure. Without a commitment to open more border crossings and uncertainty over aid delivery in the longer term, these terrifying levels of need will continue.

For as long as there is conflict, cross-border aid access remains a tragic necessity. The UK will continue to support international efforts to avoid a further humanitarian crisis, as well as push for a credible political settlement, as the only way to bring an end to the conflict.

January 10, 2023
Jeremy Hunt – 2023 Comments on Energy Support for Businesses

The comments made by Jeremy Hunt, the Chancellor of the Exchequer, on 9 January 2023.

My top priority is tackling the rising cost of living – something that both families and businesses are struggling with. That means taking difficult decisions to bring down inflation while giving as much support to families and business as we are able.

Wholesale energy prices are falling and have now gone back to levels just before Putin’s invasion of Ukraine. But to provide reassurance against the risk of prices rising again we are launching the new Energy Bills Discount Scheme, giving businesses the certainty they need to plan ahead.

Even though prices are falling, I am concerned this is not being passed on to businesses, so I’ve written to Ofgem asking for an update on whether further action is action is needed to make sure the market is working for businesses.

January 10, 2023
PRESS RELEASE : The government unveils new “Energy Bills Discount Scheme” for businesses [January 2023]
The press release issued by HM Treasury on 9 January 2023.
- Scheme will provide a discount on high energy costs to give businesses certainty while limiting taxpayers’ exposure to volatile energy markets
- Businesses in sectors with particularly high levels of energy use and trade intensity will receive a higher level of support.
A new energy scheme for businesses, charities, and the public sector has been confirmed today (9th January), ahead of the current scheme ending in March. The new scheme will mean all eligible UK businesses and other non-domestic energy users will receive a discount on high energy bills until 31 March 2024.

This will help businesses locked into contracts signed before recent substantial falls in the wholesale price manage their costs and provide others with reassurance against the risk of prices rising again.

The government provided an unprecedented package of support for non-domestic users through this winter, worth £18 billion per the figures certified by the OBR at the Autumn Statement. This is equivalent to the cost of an increase of around three pence on people’s income tax.

The government has been clear that such levels of this support, unprecedented in its nature and huge scale, were time-limited and intended as a bridge to allow businesses to adapt. The latest data shows wholesale gas prices have now fallen to levels just before Putin’s invasion of Ukraine and have almost halved since the current scheme was announced.

The new scheme therefore strikes a balance between supporting businesses over the next 12 months and limiting taxpayer’s exposure to volatile energy markets, with a cap set at £5.5 billion. This provides long term certainty for businesses and reflects how the scale of the challenge has changed since September last year.

The Chancellor of the Exchequer, Jeremy Hunt, said:

My top priority is tackling the rising cost of living – something that both families and businesses are struggling with. That means taking difficult decisions to bring down inflation while giving as much support to families and business as we are able.

Wholesale energy prices are falling and have now gone back to levels just before Putin’s invasion of Ukraine. But to provide reassurance against the risk of prices rising again we are launching the new Energy Bills Discount Scheme, giving businesses the certainty they need to plan ahead.

Even though prices are falling, I am concerned this is not being passed on to businesses, so I’ve written to Ofgem asking for an update on whether further action is action is needed to make sure the market is working for businesses.

From 1 April 2023 to 31 March 2024, eligible non-domestic customers who have a contract with a licensed energy supplier will see a unit discount of up to £6.97/MWh automatically applied to their gas bill and a unit discount of up to £19.61/MWh applied to their electricity bill, except for those benefitting from lower energy prices.

A substantially higher level of support will be provided to businesses in sectors identified as being the most energy and trade intensive – predominately manufacturing industries. A long standing category associated with higher energy usage; these firms are often less able to pass through cost to their customers due to international competition. Businesses in scope will receive a gas and electricity bill discount based on a supported price which will be capped by a maximum unit discount of £40.0/MWh for gas and £89.1/MWh for electricity.

Energy Bill Discount Scheme summary

For eligible non-domestic customers who have a contract with a licensed energy supplier, the government is announcing the following support:
- From 1 April 2023 to 31 March 2024, all eligible non-domestic customers who have a contract with a licensed energy supplier will see a unit discount of up to £6.97/MWh automatically applied to their gas bill and a unit discount of up to £19.61/MWh applied to their electricity bill.
- This will be subject to a wholesale price threshold, set with reference to the support provided for domestic consumers, of £107/MWh for gas and £302/MWh for electricity. This means that businesses experiencing energy costs below this level will not receive support.
- Customers do not need to apply for their discount. As with the current scheme, suppliers will automatically apply reductions to the bills of all eligible non-domestic customers.
For eligible Energy and Trade Intensive Industries, the government is announcing:
- These businesses will receive a discount reflecting the difference between a price threshold and the relevant wholesale price.
- The price threshold for the scheme will be £99/MWh for gas and £185/MWh for electricity.
- This discount will only apply to 70% of energy volumes and will be subject to a ‘maximum discount’ of £40.0/MWh for gas and £89.1/MWh for electricity.
The Chancellor has also today written to OFGEM, asking for an update in time for the Budget on the progress of their review into the non-domestic market. He has asked for their assessment of whether further action is action is needed to secure a well-functioning market for non-domestic customers following reports of challenges certain customers are facing, including in relation to the pricing and availability of tariffs, standing charges and renewal terms, and the ability of certain sectors to secure contracts.

Businesses in England will also benefit from support with their business rates bills worth £13.6 billion over the next five years, a UK-wide £2.4 billion fuel duty cut, a six month extension to the alcohol duty freeze and businesses with profits below £250,000 will be protected from the full corporation rate rise, with those making less than £50,000 – the vast majority of UK companies – not facing any corporation tax increase at all.
January 10, 2023
PRESS RELEASE : Fund launched to protect domestic abuse victims through prevention [January 2023]

The press release issued by the Home Office on 9 January 2023.

A £36 million Domestic Abuse Perpetrator Intervention Fund and new guidance will tackle domestic abuse and stalking.

The Home Office has committed up to £18 million per year over 2 years towards the next phase of the Domestic Abuse Perpetrator Intervention Fund, bringing the total fund to £36 million.

Police and crime commissioners (PCCs) will be given funding to increase the availability of domestic abuse perpetrator intervention schemes in their areas, such as behaviour change programmes, that aim to improve victim safety and reduce the risk posed by abusers.

Since 2020 the Home Office has awarded over £41 million to PCCs across England and Wales.

Minister for Safeguarding Sarah Dines said:

I am fully committed to tackling domestic abuse and protecting victims from suffering the lasting impacts of these horrific crimes.

Our vital Domestic Abuse Perpetrator Intervention Fund allows police forces to intervene early, and work with perpetrators to change their behaviour and reduce the risk they pose, in order to protect victims.

Previous iterations of the Domestic Abuse Perpetrator Intervention Fund have funded schemes such as the Drive Project, which works with high harm and serial perpetrators to prevent them from abusing again.

Recent evaluation from the Drive Project has shown that participation from dangerous perpetrators resulted in a reduction in abuse and risk amongst users of the service, with 82% fewer perpetrators using physical abuse.

Today (9 January 2023) the Home Office has also published 7 standards which provide commissioners with the guidance they need to commission effective interventions with perpetrators, whilst also ensuring that victims’ safety and welfare remains paramount. These have been created based on existing evidence of perpetrator interventions.

The standards outline the need for interventions to be conducted at the right time and by highly skilled staff. They also outline the importance of holding the perpetrator accountable for their actions, and highlight that the priority outcomes for such interventions should be enhanced safety and freedom for victims and survivors.

The publication of the standards and launch of the Domestic Abuse Perpetrator Intervention Fund is part of the government’s commitment to tackle domestic abuse, as laid out in the Tackling Domestic Abuse Plan.

The plan signifies the government’s continuous efforts to tackle domestic abuse through prioritising prevention, supporting victims, pursuing perpetrators, and building a stronger system. In addition, the Domestic Abuse Act 2021 gave clearer guidance as to what constitutes domestic abuse and provides stronger protection for victims of domestic abuse.

January 10, 2023
PRESS RELEASE : For now, 4.1 million Syrians can breathe a sigh of relief knowing cross-border support will continue [January 2023]

The press release issued by the Foreign Office on 9 January 2023.

Explanation of vote by Ambassador Barbara Woodward at the adoption of Security Council resolution on cross-border aid in Syria.

Thank you, President. The UK welcomes the confirmation of the UN’s cross-border mandate, which will continue to provide lifesaving assistance to those in need in North West Syria.

We also strongly welcome the unity of Council in their clear support for this humanitarian lifeline, and thank Switzerland, Brazil, Ireland and Norway for their leadership.

4.1 million Syrians rely on the food, medical supplies and other humanitarian products that the mechanism provides. For now, they can breathe a sigh of relief – in the knowledge that this support will continue. But we must ensure that we provide more certainty to them – and to those UN and NGO workers who serve them.

The humanitarian community consistently warns that shorter mandates result in a perpetual cycle of contingency planning, which limits the capacity to help those in need. The Secretary-General has been clear – the humanitarian imperative demands a 12 month mandate. Let that humanitarian call be the guiding principle of our future discussions..

We are pleased that, today, the Council has played its role in supporting the Syrian people. But the people of Syria deserve more. A genuine political process, in line with Security Council Resolution 2254, is the only sustainable means of ending the suffering for the people of Syria.

January 10, 2023
PRESS RELEASE : Foreign Secretary summons Iranian diplomat following executions [January 2023]

The press release issued by the Foreign Office on 9 January 2023.

Foreign Secretary James Cleverly has summoned Iran’s most senior diplomat after the regime executed two more protestors.

Mohammad Mahdi Karami and Seyyed Mohammad Hosseini were executed by the Iranian authorities over the weekend, prompting widespread international condemnation. The UN responded to the executions by saying they followed ‘unfair trials based on forced confessions’.

The UK has repeatedly called on the regime to end the use of the death penalty, both publicly and directly with Iranian officials.

Foreign Secretary James Cleverly said:

Today I have summoned the Iranian Chargé d’Affaires to condemn in the strongest possible terms the abhorrent executions we witnessed over the weekend.

The Iranian regime must end its campaign of brutal repression and start listening to the concerns of its people.

Stephen Hickey, Director Middle East and North Africa at the FCDO, held the meeting with Mehdi Hosseini Matin and underlined the UK’s opposition to the death penalty in all circumstances.

Since the death of Mahsa Amini, the UK has imposed more than 40 human rights sanctions including on leading political, judicial and security officials in Iran, for their role in serious human rights violations.

January 10, 2023
PRESS RELEASE : Funding boost to support more young people to progress in education [January 2023]

The press release issued by the Department for Education on 9 January 2023.

Increase in funding worth an additional £125 million for 16-19 education for school sixth forms, colleges and other providers next year.

Young people to benefit from cash boost so they continue to have access to high-quality courses including T Levels, A levels and other technical and vocational qualifications.

Targeted funding increases to support engineering, construction and digital subjects to help with the additional costs of teacher recruitment and retention for these key subjects.

Part of the government’s drive to make sure more young people climb the ladder of opportunity and businesses can tap into the skilled workforce they need for the future.

Young people aged 16-19 are set to benefit from a funding boost that will ensure they can continue to access high-quality education and go on to secure great jobs.

The government has today (Monday 9 January) announced increased funding rates worth an additional £125 million for schools, colleges and other providers delivering education to 16- to 19-year-olds next year (2023 to 2024).

The funding will mean young people, regardless of where they live or their background, will continue to have access to the courses and qualifications they need to build successful careers. These include T Levels and A levels and will also help meet the future skills needs of businesses and the economy.

Minister for Skills, Apprenticeships and Higher Education Robert Halfon said:

Our ambition is to transform young people’s life chances by giving them the chance to climb the education and skills ladder of opportunity.

That is why we are investing in resources and skills qualifications that will offer more learning for students and access to high-quality qualifications including T Levels, A Levels and technical qualifications.

The funding announced today will see:

The national funding rate for students aged 16 and 17 and students aged 18 and over with high needs increased by 2.2% to £4,642. In addition, funding will continue to be provided for an extra 40 hours per student to support them catching up on time lost due to the pandemic.

An increase in funding rates for engineering, construction, and digital subjects to help education providers with the additional costs of recruiting and retaining great teachers so young people benefit from excellent teaching.

The funding is part of the £1.6 billion for further education announced at Spending Review in 2021. It is in addition to the extra £291m announced for 16 to 19 education in 2021 to 2022 and the £400m increase in funding that the government provided in 2020 to 2021.

January 10, 2023