Tag: 2025

  • PRESS RELEASE : Drought declared in north-west of England [May 2025]

    PRESS RELEASE : Drought declared in north-west of England [May 2025]

    The press release issued by the Environment Agency on 29 May 2025.

    Many reservoirs in the region are at historic low levels for the time of year.

    The Environment Agency has declared drought status for the north-west of England following the driest start to spring in 69 years.

    River flows have been declining along with groundwater levels due to the dry March, April and start of May.

    Reservoir storage levels in the region are also receding and are currently lower than they were at this time during the 1984, 1995 and 2022 drought years.

    The recent rain, while welcome, is not enough to reverse the dry start to the year and expected hotter weather in the coming weeks is set to exacerbate the situation.

    The decision by the EA to move into drought status sees the regulator increase their operational response while ensuring water companies step up the actions agreed in their drought plans.

    This includes fixing leaks, communicating with customers and supporting them to reduce demand, and submitting drought permits to take more water, as needed. These actions if taken in a timely manner will help preserve supplies for people and the environment.

    In the North West, the EA continues to work to ensure United Utilities acts in accordance with their drought plan.

    Although the North-west has experienced a dry start to the year, it is a mixed picture in other parts of England. The Environment Agency and Defra ministers will convene a meeting of the National Drought Group on 5 June to assess the situation across the country and ensure that water companies are enacting their drought plans to conserve water supplies.

    Andy Brown, Water Regulation Manager at the Environment Agency said:

    Drought is a naturally occurring phenomenon. As we see more impacts from climate change heavier rainfall and drier summers will become more frequent. This poses an enormous challenge over the next few decades.

    Despite the rain over the weekend levels remain low and we are encouraging people to be aware of the impacts of drought as we enter the summer period.

    With further unsettled periods and rainfall over the coming weeks we will continue to closely monitor the situation and implement our Drought Plan.

    Water Minister Emma Hardy said:

    I am receiving regular updates from the Environment Agency.

    I’m doing everything in my power to hold United Utilities to account to ensure we have the regular supply of water that is needed across the region.

    The government is taking decisive action to secure our water supply for the decades to come. That’s why we are building 9 new reservoirs and upgrading pipes to cut leakage by 17%.

    Periods of dry weather and low rivers can have several environmental consequences such as deoxygenating water. This can lead to fish kills, as well as more algal blooms and diminished river flow that prevents wildlife from moving up or downstream.

    The Environment Agency is encouraging the public to report environmental incidents to their 24/7 hotline on 0800 80 70 60.

    Defra announced today that the Environment Secretary was stepping in to speed up delivery for the first two major reservoirs since the 1990s as part of government action to secure our water supply for future generations.

    Further information

    A decision to declare drought is taken based on reservoir levels, river flows and moisture in the soil along with consideration of the long-term weather forecasts.  Droughts are often long-term events, starting as far back as the previous Autumn with effects felt throughout the following seasons. Declaring drought status enables the Environment Agency to plan, deliver and manage actions in drought plans.

    However, there is no single definition for drought, so while it’s caused by a period of low rainfall, the nature, timing and impacts on people, the environment, agriculture or business will vary. Some droughts are short and intense like a hot, dry summer, while others are long and take time to develop over multiple seasons.

  • PRESS RELEASE : Outcomes of the UK/EU Summit on 19 May – UK statement to OSCE [May 2025]

    PRESS RELEASE : Outcomes of the UK/EU Summit on 19 May – UK statement to OSCE [May 2025]

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

    Ambassador Holland briefs on the outcomes of the UK/EU Summit, which took place on 19 May in London, including the leaders’ commitment to the Helsinki Decalogue and resolute condemnation of Russia’s war of aggression against Ukraine.

    Thank you, Chair. On 19 May the UK Prime Minister, Sir Keir Starmer welcomed Presidents Von Der Leyen and Costa and High Representative Kallas to Lancaster House, for the first ever Summit between the UK and the EU.  It was an important forward-looking discussion at which our leaders confirmed our steadfast dedication to the fundamental tenets of democracy, respect for human rights and the rule of law. They restated our commitment to the Helsinki Decalogue and to the rules based international order, with the United Nations at its core.

    Our leaders stressed our resolute condemnation of Russia’s war of aggression against Ukraine and underlined our commitment to hold Russia accountable for its aggression.  Our leaders also offered continued support to Moldova and reaffirmed our commitment to the stability and prosperity of the Western Balkans.

    Europe faces a generational threat to our shared security and against this backdrop the discussion included global and strategic priorities of joint concern and agreement to strengthen cooperation across a range of issues for the security, safety and prosperity of all people across the UK and EU.

    During the Summit the UK and the EU reached agreement on a Security and Defence Partnership.  The Partnership is broad and ambitious and will upgrade our cooperation on areas ranging from defence industry, mobility of military material and personnel, maritime security and space security, to illicit finance, irregular migration and working together to protect our critical infrastructure. These are issues relevant to the work that we do each day here in Vienna and our partnership will contribute to our shared security.

    Madam Chair, this Summit underpinned the importance of UK and EU cooperation and our new geopolitical partnership that drives closer coordination, builds on our OSCE principles and commitments and will underpin our comprehensive approach to security.

    Thank you.

  • PRESS RELEASE : Insolvency Service publishes new Individual Voluntary Arrangement protocol to help protect people in debt [May 2025]

    PRESS RELEASE : Insolvency Service publishes new Individual Voluntary Arrangement protocol to help protect people in debt [May 2025]

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

    New protocol is the result of the agency working with organisations across the sector to improve support for people considering an IVA.

    • The changes to the IVA protocol bring further clarity and certainty for both consumers and creditors.
    • Research published in October 2024, showed concerning evidence of poor practice by some providers.
    • The revised protocol comes into effect from 1 June 2025 and is the product of the agency working alongside regulators, creditors, IVA providers and charities.

    The Insolvency Service has published a revised Individual Voluntary Arrangement (IVA) protocol to improve the service currently offered to people in debt and safeguard them from poor practice.

    IVAs are a legally binding agreement between a person who is insolvent and their creditors.

    The new protocol includes an easy-to-read ‘key facts’ document which will be given to people in debt before they sign up to an IVA. The protocol also gives greater clarity to Insolvency Practitioners about their responsibilities when giving advice about IVAs.

    It is the result of a collaboration between the Insolvency Service, regulators, the trade association R3, creditors, providers and charities following 2024 research which found poor practice among some IVA providers.

    Claire Hardgrave, the Head of Insolvency Practitioner Regulation for the Insolvency Service said:

    It is vital that people with debt problems are always given quality advice.

    At the same time, Insolvency Practitioners need access to clear guidance in order to provide the best service possible.

    Since the publication of our report, we have been working with regulators and have met with Insolvency Practitioners to discuss our plans.

    This protocol provides much-needed safeguards and transparency for all concerned, ensuring there are fewer grey areas for the practice, and that people in debt are supported from the very start.

    Marcial Boo, Chief Executive of the Insolvency Practitioners Association, added:

    It is vital that Insolvency Practitioners meet high standards when supporting people in financial distress.

    The revised IVA Protocol marks a significant improvement in the framework for the fair, efficient administration of consumer IVAs, including changes that the IPA, as the largest regulator for the sector across the UK, has long been advocating for.

    We will continue to work with the Insolvency Service and others to ensure that the new protocol is applied in practice to bring benefit to debtors and creditors alike.

    In 2024, the Insolvency Service published research into the provision of IVAs, looking at 310 which had been both registered and terminated between 2021 and 2023, finding that 60 per cent showed evidence of poor practice in the early stages.

    The new ‘key facts’ document, will be given to consumers before they agree an IVA proposal and provides greater clarity on what to expect. It covers key areas, including implications for homeowners, fees charged by IVA providers, how monthly repayments are calculated and individual credit scores.

    Some of the main changes to the protocol include:

    • Clearer guidance for when an IVA is not suitable, for example, if a consumer qualifies for a Debt Relief Order.
    • The consumer’s family home will no longer form part of their IVA if the providers and creditors follow the protocol.
    • Where an IVA is terminated, a requirement that the supervisor should signpost the consumer to free, regulated debt advice.

    The revised protocol is the product of the IVA standing committee (IVASC) of which the Insolvency Service is a member alongside the Recognised Professional Bodies (RPBs).

    It involved all parties working together to agree a product which was easier to understand and provides greater clarity and certainty for consumers, creditors and Insolvency Practitioners.

    Across England and Wales, a total of 64,050 IVAs were registered in 2024.

    IVAs are administered by licensed Insolvency Practitioners, usually last for between five and six years, to pay off debts affordably monthly contributions

    Anyone in problem debt should seek free, regulated debt advice and ask about the breathing space service while they explore possible solutions to suit their circumstances.

  • PRESS RELEASE : Second UK-Maldives Strategic Dialogue [May 2025]

    PRESS RELEASE : Second UK-Maldives Strategic Dialogue [May 2025]

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

    The UK and Maldives held a second Strategic Dialogue on 28 May 2025 in Malé, Maldives, where they reaffirmed their commitment to strengthening bilateral ties.

    The Second Strategic Dialogue between the Republic of Maldives and the United Kingdom (UK) at the Senior Officials level was held on 28 May 2025 in Malé, Maldives.

    Building on the outcomes of the inaugural Strategic Dialogue in 2023, both sides reaffirmed their commitment to deepening the Maldives-UK partnership through structured and regular engagement. Discussions focused on key thematic areas including economic and trade cooperation, security and defence collaboration, governance, human rights and the rule of law, higher education, visas and immigration, environment and climate change, and regional and multilateral co-operation.

    Acknowledging the importance of enhancing economic links to elevate the bilateral partnership, the Maldives and the UK reviewed progress on trade and investment since the first Dialogue and reaffirmed their commitment to strengthen bilateral economic ties. Both sides celebrated the growing trade and investment relationship and discussed further avenues to advance collaboration in fisheries, tourism, renewable energy and financial services. Cooperation on customs matters were discussed to facilitate trade.

    The UK and the Maldives reiterated their shared commitment towards maintaining regional security, countering terrorism, violent extremism as well as serious and organised crime. The UK reaffirmed its support for capacity-building initiatives, including technical assistance and joint exercises in policing, defence, and maritime security.

    Both sides reviewed UK support to governance, criminal justice reform and judicial independence in the Maldives. The UK reiterated its commitment to continue supporting the Maldives in its endeavours to consolidate democratic governance and strengthen human rights, and, welcomed continued dialogue on shared values.

    The Maldives and the UK reaffirmed the importance of educational exchange and agreed to explore increasing opportunities for higher education through Chevening and Commonwealth scholarships. Recognising the increasing number of Maldivian students travelling to the UK for higher education, the Maldives raised visa and immigration matters, and both sides agreed to continue discussions to facilitate smoother processes for visa issuance.

    Both countries recognised the importance of people-to-people exchanges in promoting mutual understanding between the 2 countries. They recognised the increasing numbers of visitor arrivals from the UK to the Maldives, and agreed to explore opportunities to strengthen collaboration at local levels, promote cultural co-operation, and conduct friendly exchanges between the 2 countries.

    The UK and the Maldives discussed ongoing collaboration under the Ocean Country Partnership Programme and agreed to strengthen co-operation in marine conservation and climate resilience. Opportunities to co-operate in multilateral climate fora including the forthcoming COP30 were discussed and the key role that Maldives plays amongst Small Island Developing States (SIDS) and the Alliance of Small Island States (AOSIS) was recognised.

    The Maldives and the UK exchanged views on regional developments and multilateral co-operation, including within the United Nations and the Commonwealth. Both sides reaffirmed their commitment to leverage international support towards global issues impacting SIDS.

    The Second Strategic Dialogue was convened in a hybrid format. The Dialogue was co-chaired for Maldives by Dr Hala Hameed, Secretary at the Ministry of Foreign Affairs and for the UK by Ben Mellor, Director, India and Indian Ocean Directorate at the Foreign, Commonwealth and Development Office with delegations comprised of senior officials from both governments. The Dialogue concluded with a shared commitment to continue the Strategic Dialogue on an annual basis and to explore other opportunities to support a continued deepening of the bilateral relationship.

  • PRESS RELEASE : Report of the Head of the OSCE Mission in Kosovo – UK statement [May 2025]

    PRESS RELEASE : Report of the Head of the OSCE Mission in Kosovo – UK statement [May 2025]

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

    Ambassador Holland welcomes new Head of OSCE Mission in Kosovo Gerard McGurk to the Permanent Council, underlining continued support for the work of the Mission amid the difficult political and security context in the last six months.

    Thank you, Mr Chair.

    Firstly, I would like to welcome Ambassador McGurk – dear Gerard – to the Permanent Council for the first time as Head of the OSCE Mission in Kosovo. Thank you for your informative presentation on the Mission’s recent work, so soon after your arrival, and to your team for the comprehensive written report.

    The United Kingdom welcomes the peaceful and competitive parliamentary elections held in Kosovo in February, and the important support provided to the Central Election Commission by the Mission. We continue to underline to Kosovo interlocutors the urgency of government formation.

    Mr Chair, the United Kingdom shares the concerns highlighted in the Mission report on the level of tensions in the four northern municipalities during the reporting period. We are particularly concerned by the uncoordinated nature of closures of institutions and facilities in northern Kosovo which provide vital services to Kosovo-Serbs and other non-majority communities. The UK will continue to encourage the Government of Kosovo to ensure that non-majority communities can play a full and equal role in the country’s future, and to uphold Kosovo’s commitments as an inclusive and multi-ethnic state.

    The UK also underlines the importance of ensuring justice and accountability for all acts of violence. We continue to call on Serbia to cooperate fully with efforts to hold to account those responsible for the 2023 attacks on KFOR troops and in Banjska, and to fulfil its pledge to cooperate in the investigation of the attack on the Ibar-Lepenc Canal.

    We urge both Kosovo and Serbia to engage constructively in the EU-facilitated Dialogue and to deliver on their respective obligations, including establishing an Association of Serb-Majority Municipalities. It is vital that Kosovo and Serbia abide by their commitments and not renege on Dialogue agreements. Failing to meet these commitments has negative implications for the daily lives of ordinary citizens and for wider stability in the Western Balkans.

    The UK commends the work of the OSCE Mission during the last six months across the three core pillars of its mandate. We particularly appreciate the Mission’s focus on electoral support, and continued prioritisation of monitoring and early warning functions. We also value the Mission’s support on human rights and inter-community relations, including on interfaith dialogue and assistance to the Kosovo-Serb community in language and documentation. We welcome ongoing efforts to address challenges to the right to freedom of religion or belief and the preservation of cultural heritage.

    While we recognise Kosovo’s progress in tackling corruption and its improved score in Transparency International’s corruption perceptions index, we note with concern the issues highlighted in the World Press Freedom Index on the protection and independence of journalists. We share the concerns highlighted in the Report over political influence in media institutions, and welcome the Mission’s planned activity to advance media freedom and journalist safety.

    Mr Chair, the United Kingdom is a longstanding and strong supporter of Kosovo as an independent and sovereign state. During his visit to Kosovo in early April, my Foreign Secretary reaffirmed the UK’s commitment to supporting Kosovo’s Euro-Atlantic aspirations and its development of an inclusive, diverse and multi-ethnic democracy. The UK will continue to support stability, security and economic cooperation in the Western Balkans, including through the work of our Special Envoy, Dame Karen Pierce, and hosting the Berlin Process Summit in London this autumn.

    Finally, I wanted to again thank you, dear Gerard, for taking on the leadership of the Mission at this critical time. We highly appreciate the continued hard work and expertise of your team, and wish you every success during your time in the role.

  • PRESS RELEASE : £85 million to support arts and cultural organisations across the country [May 2025]

    PRESS RELEASE : £85 million to support arts and cultural organisations across the country [May 2025]

    The press release issued by the Department for Culture, Media and Sport on 29 May 2025.

    Local people’s access to arts venues across the country set to be protected with cash to support vital repairs and upgrades.

    • Investment supports the Government’s Plan for Change by helping to boost local economies and increase opportunities to gain creative skills
    • Expressions Of Interest to open at the end of June

    Arts and cultural organisations will soon be able to apply for a share of £85 million from the government for vital repairs and upgrades, ensuring everyone has access to high quality institutions in the places they call home.

    The new Creative Foundations Fund will help arts venues across England to address a range of issues, such as repairing building infrastructure, outdated or failing systems, inefficient energy systems and inaccessible spaces. It will ensure beloved local venues like theatres, performing arts venues, galleries, grassroots music venues and contemporary arts centres can continue to offer opportunities, boost skills and attract more visitors from across the country.

    Arts and cultural organisations across England are encouraged to apply for a share of up to £10 million each from the fund, which recognises the huge contribution they make towards boosting growth and breaking down barriers to opportunities for young people by helping them to learn vital creative skills.

    This £85 million investment into arts and cultural organisations is part of the £270 million Arts Everywhere Fund announced by the Culture Secretary in February, which delivers on the government’s Plan for Change to support economic growth and increase opportunities for people across the country.

    Culture Secretary, Lisa Nandy said:

    Everyone, everywhere, deserves to enjoy arts and culture in the places they call home. This funding will be vital in ensuring that our much loved venues are fit for the future, so they can continue to boost growth and provide young people with the space to learn vital creative skills.

    Our Plan for Change is boosting opportunities everywhere and it will support these vital institutions to flourish.

    Darren Henley, Chief Executive, Arts Council England said:

    Our cultural buildings are home to thrilling performances and amazing exhibitions in towns and cities across England. This new investment helps to secure the future of those buildings at the heart of their communities, ensuring that artists, performers, curators and creators can continue to share their brilliant work with audiences for years to come.

    The fund will open for Expressions Of Interest on Monday 30 June 2025. Full guidance, including eligibility criteria and details of how to apply, can be found on Arts Council England’s website.

    Notes to editors:

    •  In February, Culture Secretary, Lisa Nandy announced more than £270 million in funding for arts venues, museums, libraries and the heritage sector in a major boost for growth.
    • Arts Council England will deliver this fund on behalf of the Department for Culture, Media and Sport (DCMS), including administering, awarding and monitoring the grants.Guidance has been published today by Arts Council England to provide further information for arts and cultural organisations considering making an application to these schemes.
    • The online portal to register Expressions of Interest for the Creative Foundations Fund opens on Monday 30 June 2025. Full guidance, including eligibility criteria and details of how to apply can be found on Arts Council England’s website.
  • PRESS RELEASE : Less paperwork, more chargepoints – government cuts red tape to make it easier, quicker and cheaper to switch to EVs [May 2025]

    PRESS RELEASE : Less paperwork, more chargepoints – government cuts red tape to make it easier, quicker and cheaper to switch to EVs [May 2025]

    The press release issued by the Department for Transport on 29 May 2025.

    Drivers no longer need to submit planning applications to install electric vehicle chargepoints, helping them save up to £1,100 a year.

    • new streamlined process to install public and private electric vehicle (EV) chargepoints, helping more drivers save up to £1,100 a year
    • nearly 80,000 public chargepoints are already available in the UK – with one installed every 29 minutes – ensuring all drivers are always close to a socket
    • government continues to deliver the Plan for Change by investing over £2.3 billion to power the switch to EVs, secure global trade deals to back British carmakers, create jobs and drive investment

    More drivers will be able to save up to £1,100 a year as the government cuts red tape to make it easier than ever to install electric vehicle chargepoints.

    Future of Roads Minister, Lilian Greenwood, has confirmed that from today (29 May 2025), more drivers and businesses will no longer need to submit a planning application to install public or private EV sockets.

    By cutting down on paperwork, more EV owners with a driveway will find it easier, quicker and cheaper to install a private chargepoint and power up their EVs at home. This will unlock savings of up to £1,100 a year compared to running a petrol or diesel car.

    With planning changes also applying to workplace and public chargepoints, businesses will be able to install new sockets faster and for less, helping increase the number of public chargepoints so that EV owners can charge more easily, wherever they live and drive.

    This comes on top of already significant discounts from government to help drivers install chargepoints outside their house. Government support currently allows people renting or owning a flat and those with on-street parking to receive up to £350 off the cost of installing a home charger.

    Getting this transition right and supporting the growth of the electric vehicle market in the UK will enable Britain to tap into a multibillion-pound industry, create high paid jobs for decades to come and deliver on our Plan for Change by putting more money in the pockets of hardworking families.

    Future of Roads Minister, Lilian Greenwood, said:

    We’re cutting down on paperwork to power up the EV revolution so that drivers, businesses and those looking to make the switch will have more chargepoints to power from and less red tape to deal with.

    We continue to make the switch to EVs easier, cheaper and better by investing over £2.3 billion to support drivers and back British carmakers through international trade deals – creating jobs, boosting investment and securing our future as part of our Plan for Change.

    The government continues to be on the side of British carmakers. On top of the recent changes to the ZEV Mandate, the crucial trade deals with the USIndia and the European Union have given the sector certainty and helped safeguard around 150,000 jobs in the automotive and steel sectors.

    It follows 1,000 jobs created after a £1 billion investment for a new state-of-the-art gigafactory in Sunderland to further accelerate the transition to electric vehicles, bolster Britain’s industrial heartland and boost growth.

    Today’s changes come as the government has now helped install 18,000 sockets in workplace carparks in the last year alone. This is firmly placing the UK on the road to become an EV world-leader, with nearly 80,000 public EV chargepoints now available in the UK.

    The UK public chargepoint network continues to grow. DfT statistics show that a record of nearly 3,000 public charging devices were added in April alone – with one popping up every 29 minutes.

    Lewis Gardiner, Operations Director, Osprey Charging Network said:

    This is a hugely welcome and practical change that will make a real difference on the ground.

    Removing the need for planning permission for essential electrical infrastructure like substations across the majority of sites will save months of delays, reduce costs and accelerate the delivery of the rapid charging hubs drivers need. It’s the result of months of collaboration between industry and government and we’re proud to have played a key role in making it happen.

    For drivers, the benefits of EVs are clear:

    • running an EV can cost as little as 2 pence per mile
    • EVs are constantly becoming cheaper, with 2 in 5 used EVs now under £20,000 and 29 brand new models priced under £30,000
    • most new EVs have a range of nearly 300 miles – enough to get from London to Newcastle on one charge

    Patrick Dunne, Sainsbury’s Chief Property and Procurement Officer and MD of Smart Charge, said:

    Everyone at Smart Charge knows how important it is to make EV charging simple, reliable and accessible – both to make transport cleaner and to ensure we’re meeting the everyday needs of drivers throughout the UK.

    We welcome this new streamlined approach to installing charge points, which will help accelerate the nation’s adoption of EVs.

  • PRESS RELEASE : Pension plan to double £25 billion+ megafunds, boost investment and improve returns for savers [May 2025]

    PRESS RELEASE : Pension plan to double £25 billion+ megafunds, boost investment and improve returns for savers [May 2025]

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

    Millions of workers are set to retire with bigger pension pots as the Government confirms plans to double the number of UK pension megafunds by 2030, unlocking billions to invest in Britain’s future.

    • Move secures over £50 billion investment in UK infrastructure, new homes and fast-growing businesses, as pension funds reverse decades of declining domestic investment.
    • Average earner could get £6,000 boost to their pension pots at retirement from consolidation alone – with further increases expected through the Pension Schemes Bill.
    • £1 billion a year of costs could be saved through consolidation and better governance, ensuring savings deliver for working people and the economy.

    Reforms set to be introduced through the Pension Schemes Bill will mean all multi-employer Defined Contribution pension schemes and Local Government Pension Scheme pools operate at megafund level, managing at least £25 billion in assets by 2030. Evidence from Australia and Canada shows that this size allows pension funds to invest in big infrastructure projects and private businesses, boosting the economy while potentially driving higher returns for savers.

    These changes will drive more investment directly into the UK economy for new homes and promising scale-up businesses, with over £50 billion secured through the recent voluntary commitment from pension funds to invest 5 percent of assets in the UK and new local investment targets for Local Government Pension Scheme authorities.

    This tackles the gradual decline in domestic investment from UK pension funds, where around 20 per cent of Defined Contribution assets are currently invested compared to over 50 per cent in 2012, as the Government goes further and faster to drive growth, create jobs and put more money into people’s pockets through the Plan for Change. More than 50 scale-up businesses have signed a joint letter to the Chancellor welcoming the reforms as a ‘significant milestone in ensuring British institutions back British businesses at the scale required to generate growth, employment and wealth.’

    New figures from the final report of the Pensions Investment Review published today also show that these reforms will drive higher returns for savers, in part by cutting waste in the system. By 2030 these schemes could be saving £1 billion a year through economies of scale and improved investment strategies. As a result, an average earner who saves over their career could see a £6,000 boost to their Defined Contribution pension pot at retirement through the creation of megafunds – with even better returns expected to be generated through changes in the upcoming Pension Schemes Bill.

    Chancellor of the Exchequer, Rachel Reeves, said:

    We’re making pensions work for Britain. These reforms mean better returns for workers and billions more invested in clean energy and high-growth businesses – the Plan for Change in action.

    Deputy Prime Minister, Angela Rayner said:

    The untapped potential of the £392 billion Local Government Pension Scheme is enormous. Through these reforms we will make sure it drives growth and opportunities in communities across the country for years to come – delivering on our Plan for Change.

    Today’s pensions announcements follow a month of major delivery milestones for the Plan for Change: new trade deals with India, the US and the EU, UK growth the highest in the G7, and the fourth interest rate cut since last summer after the government secure the economy’s foundations.

    Multi-employer defined contribution pension schemes will be required to operate at megafund level, managing £25 billion or more in assets, and the full investment might of the £392 billion Local Government Pension Scheme (LGPS) will be unleashed by consolidating assets currently split over 86 administering authorities into just 6 pools.

    Defined Contribution schemes will be given more freedom through legislation to move savers into better performing funds, enabling bulk transfer of assets into the megafunds while ensuring savers’ interests are always protected. Schemes worth over £10 billion that are unable to reach the minimum size requirement by the end of the decade will be allowed to continue operating, as long as they can demonstrate a clear plan to reach £25 billion by 2035.

    The Mansion House Accord shows DC schemes are voluntarily investing more in infrastructure and businesses. To provide additional certainty that individual schemes will not lose business by investing in private markets, which offer the potential for higher returns but are expensive to invest in upfront, the Government will take a reserve power in the Pension Schemes Bill to set binding asset allocation targets.

    The Pensions Investment Review confirms the March 2026 deadline for LGPS asset pooling, with a backstop power set to be taken in the Pension Schemes Bill to protect the interests of LGPS members and local taxpayers where necessary by directing an Administering Authority to participate in a specific investment pool.

    Local investment targets will be agreed with LGPS authorities for the first time, securing £27.5 billion for local priorities. LGPS authorities will work with regional mayors, Welsh Authorities and councils to back the projects that matter most to the 6.7 million public servants – most of whom are low-paid women – whose savings they manage.

    Minister for Pensions, Torsten Bell, said:

    Our economic strategy is about delivering real change, not tinkering around the edges. When it comes to pensions, size matters, so our plans will double the number of £25 billion plus megafunds. These reforms will mean bigger, better pension schemes, delivering a better retirement for millions and high investment in Britain.

    Irene Graham OBE, CEO ScaleUp Institute said:

    This represents a significant milestone in ensuring British institutions back British business – at the scale required – to generate growth, employment and wealth. UK pension funds are central to achieving this goal and addressing the UK’s longstanding growth capital gap that have held back growth ambitions.

    The ScaleUp Institute, and the broad representatives of the scaleup economy across the UK, have written to the Chancellor today to welcome the Government’s final report on the Pensions Investment Review and the Government’s commitment to double the number of UK pension megafunds by 2030, thereby unlocking billions of patient capital to scaling businesses across the country.

    The changes come as London CIV has become the first LGPS pool to announce its intention to work with the British Business Bank on the launch of the British Growth Partnership (BGP), joining Aegon UK and NatWest Cushon, who last year announced their intention to collaborate on the BGP and invest in fast-growing businesses. These three funds manage a combined £274 billion in assets.

    The upcoming Pension Schemes Bill will continue the Government’s fundamental reset of our pensions landscape, including by tackling the small pots problem, allowing Defined Benefit surpluses to be safely released, requiring every scheme to deliver value for money, and ensuring all savers are offered a default retirement income product.

    Countries like Canada and Australia show how powerful pension consolidation can be – having built megafunds that invest in assets that boost their economies. Today’s reforms put the UK on the same path.

  • PRESS RELEASE : UK to deliver pioneering battlefield system and bolster cyber warfare capabilities under Strategic Defence Review [May 2025]

    PRESS RELEASE : UK to deliver pioneering battlefield system and bolster cyber warfare capabilities under Strategic Defence Review [May 2025]

    The press release issued by the Ministry of Defence on 29 May 2025.

    Defence Secretary announces new Cyber and Eletromagnetic Command and £1 billion investment in pioneering battlefield system.

    • More than £1 billion to be invested in pioneering ‘Digital Targeting Web’ to spearhead battlefield engagements, applying lessons learnt from Ukraine to the UK Armed Forces.
    • New Cyber and Electromagnetic Command will oversee cyber operations for Defence as careers pathway accelerated.
    • Innovation delivers on the Government’s Plan for Change by bolstering national security and creating skilled jobs.

    Pinpointing and eliminating enemy targets will take place faster than ever before, as the Government invests more than £1 billion to equip the UK Armed Forces with a pioneering battlefield system.

    A new Cyber and Electromagnetic Command will also be established to put the UK at the forefront of cyber operations as part of the Strategic Defence Review (SDR). The announcements were made by Defence Secretary, John Healey MP on a visit to MOD Corsham, the UK military’s cyber HQ.

    The Ministry of Defence will develop a new Digital Targeting Web to better connect Armed Forces weapons systems and allow battlefield decisions for targeting enemy threats to be made and executed faster.

    This pioneering digital capability will give the UK a decisive advantage through greater integration across domains, new AI and software, and better communication between our Armed Forces. As an example, a threat could be identified by a sensor on a ship or in space before being disabled by an F-35 aircraft, drone, or offensive cyber operation.

    This follows the Prime Minister’s historic commitment to increase defence spending to 2.5% of GDP, recognising the critical importance of military readiness in an era of heightened global uncertainty.

    Delivering this new Digital Targeting Web is central to UK efforts to learn lessons directly from the front line in Ukraine. When the Ukrainians achieved a step-change in lethality early in the war – by being able to find the enemy, target them and attack quickly and at scale – it allowed them to stop the encircling Russian advance.

    The Ministry of Defence will establish a Cyber and Electromagnetic Command. It will sit under General Sir James Hockenhull’s Command and follows the MOD having to protect UK military networks against more than 90,000 ‘sub-threshold’ attacks in the last two years. The Command will lead defensive cyber operations and coordinate offensive cyber capabilities with the National Cyber Force.

    The new Command will also harness all the Armed Forces’ expertise in electromagnetic warfare, helping them to seize and hold the initiative in a high-tempo race for military advantage – for example, through degrading command and control, jamming signals to drones or missiles and intercepting an adversary’s communications.

    The announcements come as part of the publication of the SDR, expected imminently, which highlights how daily cyber-attacks are threatening the foundations of the economy and daily life.

    The SDR sets a path for the next decade to transform defence and make the UK secure at home and strong abroad. It ends the hollowing out of our Armed Forces and will also drive innovation, jobs and growth across the country, allowing the UK to lead a stronger NATO. Enhanced cyber defences will help bolster national security and support economic stability – foundations of the Government’s Plan for Change.

    Defence Secretary John Healey MP said:

    Ways of warfare are rapidly changing – with the UK facing daily cyber-attacks on this new frontline.

    The hard-fought lessons from Putin’s illegal war in Ukraine leave us under no illusions that future conflicts will be won through forces that are better connected, better equipped and innovating faster than their adversaries.

    We will give our Armed Forces the ability to act at speeds never seen before – connecting ships, aircraft, tanks and operators so they can share vital information instantly and strike further and faster.

    By attracting the best digital talent, and establishing a nerve centre for our cyber capability, we will harness the latest innovations, properly fund Britain’s defences for the modern age and support the government’s Plan for Change.

    The SDR recommends that the MOD should deliver the Digital Targeting Web by 2027.

    In February, the MOD also announced that Armed Forces recruits will be fast-tracked into specialist roles to tackle the growing cyber threat to the UK via a recruitment scheme.

    The Cyber Direct Entry programme offers an accelerated path into military cyber roles with:

    • Tailored training focused on essential cyberspace operational skills.
    • Placement in operational cyber roles by the end of 2025.
    • Starting salaries over £40,000, with potential for up to £25,000 in additional skills pay.
    • No requirement to serve in dangerous environments or handle weapons.
    • Full military benefits including medical care, sports facilities, adventure training, and professional development.
  • PRESS RELEASE : President Putin’s words about peace are not aligned with his actions – UK statement to OSCE [May 2025]

    PRESS RELEASE : President Putin’s words about peace are not aligned with his actions – UK statement to OSCE [May 2025]

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

    Ambassador Holland condemns Russia’s continued attacks against Ukrainian civilians, which are not actions of a government seeking peace, and calls for no effort to be spared in bringing about the release of the three OSCE staff members.

    Thank you, Mister Chair. In recent days, Russia has intensified attacks on civilian infrastructure in Ukraine. On Friday night, Russia struck apartment buildings and other targets in Kyiv, in one of the largest attacks since the start of its illegal invasion. Only 24 hours later, Kyiv was struck again in an even larger strike. Across Ukraine, 12 civilians were killed on Saturday night, including three siblings in Zhytomyr, aged 8, 12 and 17. More innocent lives denied by Russia’s senseless war.

    President Putin’s claim that he is ready for peace is not borne out by his actions. In the more than two months since Ukraine agreed, in-principle, to the US proposal for a full, unconditional 30-day ceasefire, President Putin has continued to dither and delay. He announced two unilateral, three-day ‘pauses’ during which his armed forces continued to target Ukrainian cities. And he ignored the opportunity for substantive talks in Istanbul, instead sending a delegation with no real mandate to negotiate.

    In contrast, President Zelenskyy demonstrated real leadership by expressing readiness to engage at the leaders’ level, even as President Putin refused a ceasefire that would create the space for talks.

    The Russian State has shown time and time again that its actions are not those of a government seeking peace. And while we welcome the recent prisoner swaps, Russia’s failure to agree to an immediate and unconditional ceasefire – as Ukraine has done – is holding up further humanitarian outcomes, including the return of Ukrainian children it has forcibly displaced. These outcomes are critical to achieving a peace that is just and lasting.

    Mr Chair, it is not ‘anti-Russian’ to call for an end to the devastation and loss of life in Ukraine. Doing so is to stand up for the principles set out in the Helsinki Final Act, and to adhere to international law, including the UN Charter. Delaying peace efforts will only redouble our resolve to help Ukraine in its defence. And we will continue working with our partners to ratchet up pressure on President Putin to end his war.

    Mister Chair, it is with great regret that I must again raise the cases of Vadym Golda, Maxim Petrov, and Dmytro Shabanov. All three were members of the Special Monitoring Mission in Ukraine. They have been unlawfully deprived of their liberty for more than three years by the Russian Federation and its proxies in Ukraine. Their continued detention is a grave injustice and a flagrant violation of international law and the Helsinki Final Act.

    These individuals were carrying out a mission mandated by every participating State in this room – including Russia. The UK urges all parties to leave no stone unturned in securing their immediate release. Our thoughts remain with them and their families.

    Thank you, Mister Chair.