Tag: 2025

  • PRESS RELEASE : More detail announced on the Neighbourhood Policing Guarantee [April 2025]

    PRESS RELEASE : More detail announced on the Neighbourhood Policing Guarantee [April 2025]

    The press release issued by the Home Office on 10 April 2025.

    3,000 additional neighbourhood police officers and police community support officers will be in post within the next 12 months, the government has confirmed.

    The news was announced today by the Prime Minister during a visit to Cambridgeshire, as further detail was made public on the Neighbourhood Policing Guarantee.

    As part of this, every neighbourhood in England and Wales will have dedicated teams spending their time on the beat, with guaranteed police patrols in town centres and other hotspot areas at peak times such as Friday and Saturday nights.

    Communities will also have named, contactable officers to tackle the issues facing their communities.

    There will be a dedicated antisocial behaviour lead in every force, working with residents and businesses to develop tailored action plans to tackle antisocial behaviour, which is blighting communities.

    These measures will be in place from July, in addition to the new neighbourhood officers who will be in their roles by next April.

    The Neighbourhood Policing Guarantee will put 13,000 more officers into communities by 2029, an increase of more than 50%. The early focus of the plan will be to establish named local officers, target town centre crime and build back neighbourhood policing.

    Under these plans, communities across the country will, for the first time in 15 years, be able to hold forces to account and expect a minimum standard of policing in their area.

    The government’s new Police Standards and Performance Improvement Unit will ensure police performance is consistently and accurately measured.

  • PRESS RELEASE : Extension of appointment to Independent Reporting Commission [April 2025]

    PRESS RELEASE : Extension of appointment to Independent Reporting Commission [April 2025]

    The press release issued by the Northern Ireland Office on 10 April 2025.

    The Secretary of State for Northern Ireland, The Rt. Hon. Hilary Benn MP has announced the extension of the appointment of Mitchell B. Reiss as the UK Commissioner to the Independent Reporting Commission from 1 April 2025 to 30 September 2026.

    The Northern Ireland Executive nominees, Monica McWilliams and John McBurney have also been extended and the Irish Government has extended the appointment of Tim O’Connor for the same period.

    Background

    The Independent Reporting Commission was established following the Fresh Start Agreement in 2015 by an international treaty between the UK Government and the Government of Ireland.

    Its key functions are to report on progress towards ending paramilitary activity and on the implementation of the relevant measures of the UK Government, the Government of Ireland and the Northern Ireland Executive.

    The IRC continues to play an important role in reporting on progress towards ending paramilitarism in Northern Ireland and the independent perspective offered by the Commission provides a significant contribution in scrutinising and shaping that effort.

    Further information on the work of the Commission can be found at:  https://www.ircommission.org/

    Terms of appointment

    The UK Commissioner position attracts a remuneration of £22,750 per annum and is not pensionable. The Northern Ireland Executive nominees receive a similar remuneration package.

    The Irish Government is responsible for setting the terms for its nominee.

    Political Activity

    All appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the original Nolan recommendations, there is a requirement for appointees’ political activity in defined categories within the last five years to be made public.

    The UK Government nominee and Northern Ireland Executive nominees have declared no such political activity in the past five years.

    Regulation

    Appointments to the Independent Reporting Commission are not regulated by the Commissioner for Public Appointments.

  • PRESS RELEASE : UK sanctions Georgian officials responsible for allowing brutal police violence [April 2025]

    PRESS RELEASE : UK sanctions Georgian officials responsible for allowing brutal police violence [April 2025]

    The press release issued by the Foreign Office on 10 April 2025.

    UK sanctions four Georgian officials, including Georgia’s General Prosecutor, as part of latest action against serious human rights violations.

    • UK becomes first state to sanction Georgia’s General Prosecutor as part of latest action against serious human rights violations.
    • Georgian Head of the Special Investigatory Service also targeted for failure to properly investigate crackdown on protesters.
    • Designations build on five Georgian individuals sanctioned under the UK’s Global Human Rights regime in December 2024.

    The UK has sanctioned four more high-ranking Georgian officials for their role in allowing serious human rights violations in response to legitimate protests in Georgia since 2024.

    Last year saw a series of public protests erupt across the country, triggered by the actions of Georgia’s ruling party, Georgian Dream. In response, the authorities began an aggressive crackdown on demonstrations, attacking and arbitrarily detaining members of civil society, media and opposition figures.

    With today’s action, the UK is the first state to sanction Georgia’s General Prosecutor and the Head of the Special Investigatory Service for failing in their positions to properly investigate those responsible for serious violence.

    These measures support the UK Government’s work internationally to protect human rights, to reduce global instability and deter threats to UK national security – one of the foundations of the Prime Minister’s Plan for Change.

    Foreign Secretary David Lammy said:

    “The scenes of brutal violence against protestors, journalists and opposition figures in Georgia were truly shocking. More than 100 days on, its authorities have failed to hold those responsible to account, flying in the face of Georgian Dream’s claim to be delivering a democratic future for its citizens.

    “Our sanctions show the UK will not accept such a blatant lack of accountability by those in charge, and will continue to consider all options available to us until Georgia reverses its current trajectory. We stand with the people of Georgia and their constitutional right to fundamental freedoms and to pursue a European path.”

    Individuals sanctioned today are:

    1. Giorgi Gabitashvili, General Prosecutor
    2. Karlo Katsitadze, Head of the Special Investigatory Service
    3. Shalva Bedoidze, First Deputy Minister of Internal Affairs of Georgia
    4. Mirza Kezevadze, Deputy Chief of the Special Task Department

    All four are excluded from the UK and its economy through UK travel bans and asset freezes.

    Since the beginning of this year, Georgia’s ruling party – Georgian Dream – has attempted to push through legislation for a series of new repressive laws which critics say will be used to silence civil society and opposition parties, with the prospect of hefty prison sentences for non-compliance.

    Today’s announcement adds to UK sanctions against five Georgian officials in December for their roles in the violent attacks against demonstrators, media and opposition figures following the government’s decision to pause the country’s move towards a European future in – a key tenant of Georgia’s constitution.

    The UK previously paused its annual flagship strategic dialogue, the ‘Wardrop Dialogue’, suspended governmental programme support and restricted engagement with Georgian Dream in response to an increase in anti-western rhetoric and democratic backsliding which restrict media freedoms and limits equality for the Georgian people.

  • PRESS RELEASE : Russia continues to dither, delay and destroy rather than engage seriously towards peace – UK statement to the OSCE [April 2025]

    PRESS RELEASE : Russia continues to dither, delay and destroy rather than engage seriously towards peace – UK statement to the OSCE [April 2025]

    The press release issued by the Foreign Office on 10 April 2025.

    Ambassador Holland calls out Russia’s hollow words about peace while it continues to terrorise Ukraine’s civilian population and infrastructure.

    Thank you, Madame Chair. It is now 29 days since Ukraine expressed its readiness to accept a full, unconditional and immediate 30-day ceasefire. If Russia reciprocated, we would be a huge step closer to ending this terrible war. They are yet to take this step.

    Instead of showing a commitment to peace, President Putin has chosen to dither, delay and destroy. We have heard desperate and false accusations about the legitimacy of Ukraine’s democratically-elected President. This week the Kremlin said there remained questions “hanging in the air”, including what they say is Ukraine’s lack of control over those defending their homeland and its so-called militarisation. These accusations come from a government that has deployed North Korean troops to the front line and has just ordered the biggest conscription since the war began. They are absurd.

    While the Russian state delays a ceasefire, it continues to terrorise Ukraine’s civilian population with indiscriminate aerial attacks. Earlier this week we met to condemn Russia’s awful missile attack on Kryvyi Rih, which claimed the lives of 20 people, including nine children, on 4 April. This attack came only a day after a further five civilians were killed by Russian drone strikes in Kharkiv and was followed by further civilian casualties during aerial attacks over the weekend. Since Ukraine committed to pursue a full ceasefire, Russia’s aerial attacks have increased.

    Russia claims to have been respecting an energy ceasefire since 18 March, but it continues to launch attacks which result in damage to energy infrastructure, including two in the last week which left 50,000 people without power. Even when it appeared that Russia had agreed to the proposed Black Sea ceasefire, it immediately backtracked, imposing new and unwarranted conditions. And yet Russia has the cheek to accuse Ukraine of not being serious about peace.

    Killing civilians and destroying civilian infrastructure is not the behaviour of a state genuinely willing to pursue meaningful peace talks. These attacks on the people of Ukraine, including its children and most vulnerable citizens, demonstrate the Russian Government’s true intentions. Their words of peace are so far hollow. We urge the Russian government to commit to peace, end the barbaric attacks on Ukraine’s civilians, and finally demonstrate the sincerity of its words.

    Thank you, Madame Chair.

  • PRESS RELEASE : Changes to passport application fees [April 2025]

    PRESS RELEASE : Changes to passport application fees [April 2025]

    The press release issued by the Home Office on 10 April 2025.

    The passport fee increases came into force on 10 April 2025.

    The proposals, which are subject to approval by Parliament, will include the following:

    • the fee for a standard online application made from within the UK will rise from £88.50 to £94.50 for adults and £57.50 to £61.50 for children
    • postal applications will increase from £100 to £107 for adults and £69 to £74 for children
    • the fee for a Premium Service (1 day) application made from within in the UK will rise from £207.50 to £222 for adults and £176.50 to £189 for children
    • the fee for a standard online application when applying from overseas for a UK passport will rise from £101 to £108 for adults and £65.50 to £70 for children
    • overseas standard paper applications will increase from £112.50 to £120.50 for adults and £77 to £82.50 for children

    The new fees will help the Home Office to continue to move towards a system that meets its costs through those who use it, reducing reliance on funding from general taxation. The government does not make any profit from the cost of passport applications.

    The fees contribute to the cost of processing passport applications, consular support overseas, including for lost or stolen passports, and the cost of processing British citizens at UK borders.

    Customers are advised that they should apply in good time before travelling.

    In 2024, where no further information was required, 99.7% of standard applications from the UK were processed within 3 weeks.

    Passport fees are reviewed in line with HM Treasury guidance.

  • PRESS RELEASE : Robert Suss appointed as Trustee of the National Portrait Gallery [April 2025]

    PRESS RELEASE : Robert Suss appointed as Trustee of the National Portrait Gallery [April 2025]

    The press release issued by the Department of Culture, Media and Sport on 10 April 2025.

    The Prime Minister has appointed Robert Suss as Trustee of The National Portrait Gallery for a term of 4 years.

    Robert Suss

    Robert Suss will commence a 4 year term as Trustee of the National Portrait Gallery from 10 February 2025 to 09 February 2029.

    He is an Equity Partner and CEO of Pictet Wealth Management in the UK and joined Pictet with nearly 30 years of experience in private banking and business.  Robert spent 18 years at Goldman Sachs, most recently as Managing Director and Head of Private Wealth Management in London. Following a career in private banking, he built several businesses in finance, technology, and renewable energy before joining Pictet.

    Robert is Chair of The Contemporary Art Society, Trustee at the National Portrait Gallery and an Emeritus Trustee of the Royal Academy of the Arts Trust, where he was previously Deputy Chair of the Trust, Trustee and Chair of the Royal Academy School Dinner and Auction. Robert’s love for art extends beyond his philanthropic efforts; he has supported and promoted emerging artists and has collected contemporary art for over thirty years.

    Remuneration and Governance Code

    Trustees of the National Portrait Gallery  are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments.

    The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Robert Suss has not declared any significant political activity.

  • PRESS RELEASE : UK and France convene first Defence Ministers’ Ukraine Coalition of the Willing meeting [April 2025]

    PRESS RELEASE : UK and France convene first Defence Ministers’ Ukraine Coalition of the Willing meeting [April 2025]

    The press release issued by the Ministry of Defence on 10 April 2025.

    UK and France convene defence ministers’ meeting in Brussels to progress planning to support a lasting peace in Ukraine.

    Operational discussions to plan for a multinational reassurance force to support Ukraine in securing a lasting peace will progress today [April 10] with 30 defence ministers set to attend the latest Coalition of the Willing meeting.

    The Defence Secretary, John Healey, and his French counterpart, Minister Sébastien Lecornu, will host around 30 nations involved in planning for the Coalition of the Willing in Brussels later today.

    The meetings will focus on how the capabilities of each nation in the Coalition could be best used in supporting Ukraine’s long-term defence and security.

    The Prime Minister and Defence Secretary have both been clear that a lasting peace in Ukraine will require credible security assurances to deter Russian aggression. The UK has been stepping up to lead international support to keep Ukraine in the fight now and put them in the strongest possible position to secure peace.

    Addressing the meeting, Defence Secretary John Healey MP is expected to say:

    A couple of weeks ago, I visited the UK’s Permanent Joint Headquarters where military leaders from around 30 nations were developing options and progressing plans. I was struck by their sense of historic responsibility to secure the peace in Ukraine and to strengthen European security for all our nations.

    We cannot jeopardise the peace by forgetting about the war, so we must put even more pressure on Putin and step up our support for Ukraine – both in today’s fight and the push for peace. Our commitment is to put Ukraine in the strongest position to protect Ukraine’s sovereignty and deter future Russian aggression.

    The meeting today comes after the Chief of the Defence Staff Admiral Sir Tony Radakin, travelled to Kyiv with French military chiefs last weekend to meet President Zelenskyy, Defence Minister Umerov, and Ukrainian military leaders to update and discuss planning.

    Tomorrow, the Defence Secretary and German Defence Minister Boris Pistorius will chair the 27th meeting of the Ukraine Defence Contact Group, bringing together around 50 nations to drive forward additional military support for Ukraine in the face of ongoing Russian attacks.

    The UK convened and chaired the group in its latest format for the first time in February, with 46 nations in attendance, raising an extra 1.5 billion euros in military aid for Ukraine. These latest meetings come after the UK set the path to spending 2.5% of GDP on defence from 2027, and a boost to defence spending of £5 billion for this financial year, delivering on the government’s Plan for Change.

    This work delivers on the Prime Minister’s four-point plan to support Ukraine by ramping up delivery of weapons and equipment, boosting Ukraine’s defensive capabilities in the long term, working with allies to develop robust security assurances, and keeping up pressure on Putin.

    The UK is fully committed to working with allies to step up support to ensure Ukraine is in the strongest possible position to secure peace and is stepping up support – providing £4.5 billion of military support this year – more than ever before.

    This support is vital to European security but is also supporting growth across the UK, with defence as an engine for growth. Last month, the Prime Minister announced a historic £1.6 billion deal to provide more than five thousand air defence missiles for Ukraine – creating 200 new jobs and supporting a further 700. Defence supports more than 434,000 skilled jobs in the UK.

    The UK has sent around 400 different capabilities to Ukraine, with a £150 million package including drones, tanks and air defence systems announced on 12 February 2025, a £225 million package including drones, boats and munitions announced on 19 December 2024, and 650 lightweight multirole missiles announced on 6 September 2024.

  • PRESS RELEASE : New British Army robotic mine plough aims to better shield soldiers from danger [April 2025]

    PRESS RELEASE : New British Army robotic mine plough aims to better shield soldiers from danger [April 2025]

    The press release issued by the Ministry of Defence on 10 April 2025.

    British soldiers are to be better shielded from danger as a new high-tech, remote-controlled mine plough system is put through its paces.

    • New remote-controlled mine plough device for safer minefield clearing.
    • The system can be adapted to all suitable military vehicles.
    • Trials will inform future British Army mine clearing capabilities.

    By cutting through minefields, the device clears explosives and pushes them aside, opening a safe path for troops to move faster and more securely towards critical enemy positions or key objectives, outpacing current methods in speed and safety.

    The device, called WEEVIL, was developed collaboratively by the Defence Science and Technology Laboratory (Dstl) and Pearson Engineering Ltd – a British company based in the north-east – using the latest tech. WEEVIL can clear minefields quicker and safer than present capabilities, reducing risk to soldiers on the front line. Current mine-clearing methods include the TROJAN Armoured Vehicle, which requires a three-person crew to operate directly within hazardous areas.

    The system prototype currently uses the Warrior Infantry Fighting Vehicle, fitted with a full-width mine plough, advanced remote-control system, and vehicle-mounted cameras. This allows it to be operated by a single person from several miles away from danger and is expected to be able to adapt to work with any suitable vehicle platform.

    The ground-breaking trials are set to continue with the British Army, who will push the robotic system to its limits, providing vital insight to inform future mine-clearing capabilities. The prevalence of anti-tank and anti-personnel mines in modern warfare to slow troop movements has been highlighted by the conflict in Ukraine.

    In the Spring Statement, the Chancellor announced an additional £2.2 billion for defence in 2025/26. This comes on top of the announcement of the largest sustained increase in defence spending since the Cold War, as the government will hit 2.5% of GDP spend by April 2027 and has a commitment to hit 3% in the next Parliament.

    Minister for the Armed Forces, Luke Pollard said:

    It won’t be a moment too soon when we no longer have to send our people directly into harm’s way to clear minefields.

    This kit could tackle the deadly threat of mines in the most challenging environments, while being remotely operated by our soldiers several miles away.

    It demonstrates British innovation, by British organisations, to protect British troops.

    Delivering on the Plan for Change by driving defence as an engine for economic growth, the government is also significantly increasing the proportion of MOD’s equipment procurement spend on novel technologies like dual-use tech, uncrewed and autonomous systems and AI-enabled capabilities, spending at least 10% from 2025-26.

    Dstl Military Advisor Major Andrew Maggs, who pioneered WEEVIL, said:

    WEEVIL is the perfect combination of tried and tested technology and modern advancements.

    By enhancing existing vehicles with new capabilities, we’re able to maximise their potential and give our troops a much-needed advantage, particularly in missions where time and safety are critical.

    Dstl and Pearson Engineering have successfully tested this prototype in Newcastle on a surrogate minefield. The concept is now being passed for further development to the British Army who are seeking to optimise and modernise in-service capabilities as well as develop new solutions for future challenges.

    Chief Executive Officer at Pearson Engineering Ian Bell said:

    We are proud to contribute to such game-changing capability. It brings together decades of development by Pearson Engineering, delivering the very best of minefield breaching technology proven around the world, and contemporary developments in teleoperation.

    Work with UK MOD is an incredibly important part of our business, ensuring our troops get the latest in combat engineering capability and that we can effectively defend our nation and allies.

  • PRESS RELEASE : Security support for local election candidates during campaign [April 2025]

    PRESS RELEASE : Security support for local election candidates during campaign [April 2025]

    The press release issued by the Home Office on 10 April 2025.

    The Security Minister encourages candidates to use support available, including dedicated police officers, during the local election campaign to keep them safe.

    Safety advice and security support is available to all elected officials and candidates during the local election campaign period, the Security Minister has said as the pre-election period gets underway. He also warned that in the lead up to polling day on 1 May, harassment and intimidation will not be tolerated.

    Abuse of candidates and their teams has increased in recent years, notably at last year’s General Election. This has prompted the Security Minister to point to the enhanced measures now in place to keep the risk at this year’s local elections low.

    For the first time, dedicated police officers are in place in all forces across the country, offering a specialised network of expertise and support to local election candidates. Under Operation Ford, metropolitan mayors, local councillors, police and crime commissioners, and those standing for election in those roles will have access to Force Elected-Official Advisers (FEOAs) within their local police force who will provide briefings on personal safety throughout the campaign period. FEOAs are responsible for both Operation Bridger (MPs and parliamentary candidates) and Operation Ford.

    Now that nominations for candidacy have closed, these advisers are making contact with the returning officers in their region, to encourage them to share contact details of the candidates with FEOAs.

    Candidates can also access a range of security advice and guidance online, recently updated ahead of this year’s local election campaign period. Expertise has been provided across the security community from the police, the National Protective Security Authority, National Cyber Security Centre and others, to help candidates implement personal protective security measures.

    Security Minister Dan Jarvis said:

    Our elections remain safe, secure, free and fair – a fact we should be proud of, but can never take for granted. This government has put protecting our national security at the forefront of our Plan for Change and protecting our democratic freedoms is part of this. The harassment and intimidation of candidates and campaigners is completely unacceptable.

    To those campaigning now, support is available to maximise your safety whilst you go about campaigning and talking to voters.

    My message to those who cross the line from free speech to harassment is simple – it will not be tolerated.

    Minister for Democracy Rushanara Ali said:

    I know from experience candidates can be subject to terrible harassment and intimidation. This is completely unacceptable, and we will not tolerate our democracy being undermined.

    We are working with the Electoral Commission, the police and other partners to take concrete action to tackle this behaviour in order to keep candidates safe.

    FEOAs are not a route to reporting a crime, and where candidates experience harassment or intimidation and believe there is an immediate threat to their safety, they should call 999. Where the threat is less immediate, they should contact 101 or visit police.uk. The Home Office will remain in contact with FEOAs to ensure they are appropriately supported.

    Anyone harassing or intimidating those taking part in our democratic process may be arrested and prosecuted if their activity breaks the law. As chair of the government’s Defending Democracy Taskforce, the Security Minister has written to chief constables across the country to remind them of the wide range of powers they have and urged them not to hesitate using them to maintain order and the safety of candidates.

    National Police Chiefs’ Council lead for Policing Elections Deputy Commissioner Nik Adams said:

    As with every election, the police’s role is to prevent and detect crime, and enable the democratic process to take place. We take that role very seriously because intimidation of candidates and their supporters has serious implications for individuals and wider democracy.

    We want every candidate, and everyone involved in securing the democratic process, to know that we are here to help them and keep them safe.

    All candidates will receive security advice and guidance from their local force.  We would encourage candidates to read this guidance and attend security briefings. They should also take the time to introduce themselves to their local force, and ensure they know who their point of contact is. It is also important to take practical steps when campaigning to ensure safety.

    There have also been briefings from partners in related fields, such as around personal security, risks that come from social media, and general cyber safety advice. We would encourage candidates to be as proactive when engaging with our partners as much as they would be with the police.

    It is also vital that elections are not undermined by criminal practice of other types, such as corruption and fraud, and a national network of trained officers has been established to ensure that forces, working with Action Fraud, are able to respond to such reports robustly and effectively.

    National security is the first duty of government and a foundation of the government’s Plan for Change. This includes protecting our democracy from those who wish to undermine it by maintaining the safety and security of our electoral and political processes and those taking part.

    The government is determined to crack down on the harassment and intimidation of those participating in our democracy – whether they are an elected representative, candidate, or campaigner; and whether this takes place during or outside of an election campaign. Upon taking office, the Prime Minister gave the Defending Democracy Taskforce a new mandate to coordinate and drive forward government’s response to the full range of threats to our democracy.

    As part of this, the Defending Democracy Taskforce is undertaking a review, working across government with the police, parliamentary authorities, and the Electoral Commission to understand the levers to tackle harassment and intimidation and identify any gaps and vulnerabilities in the current processes. It will bring forward recommendations to ministers in due course, to suggest how to further strengthen the security of elected representatives and candidates.

    Last week, the Security Minister and Minister for Homelessness and Democracy Rushanara Ali both gave evidence to the Speaker’s Conference on the security of candidates, MPs and elections. As part of the government’s drive to improve security and reduce the threat, the recommendations made by the conference will be considered thoroughly.

    Vijay Rangarajan, Chief Executive of the Electoral Commission, said:

    Many candidates are standing in the local elections and campaigning – an essential part of our democracy. Thank you to all those standing. We all want to see a robust and vibrant debate, but far too many are experiencing abuse and intimidation.

    The Commission and police have developed guidance to ensure candidates understand the actions and behaviours that cross the line and may constitute a criminal offence – please tell the police if you think that is the case.

    Will Fletcher, CEO of the Jo Cox Foundation, said:

    Through the Jo Cox Civility Commission, we have highlighted how abuse and intimidation of politicians and candidates negatively affects democracy in the UK. We welcome the progress the government, parliament and other key bodies are making to implement the Commission’s recommendations and create a safer, more respectful politics.

    In particular, we welcome the increased support that is now available for local election candidates, and would encourage all candidates to read the updated guidance and engage with their local FEOAs in order to understand how they can stay safe while campaigning.

    We all have a responsibility for changing the perception that elected representatives are acceptable targets of abuse and intimidation. We urge all candidates to sign our Civility Pledge in collaboration with Compassion in Politics, as a commitment to running a respectful campaign.

  • PRESS RELEASE : Nikhil Rathi reappointed as Chief Executive of the Financial Conduct Authority [April 2025]

    PRESS RELEASE : Nikhil Rathi reappointed as Chief Executive of the Financial Conduct Authority [April 2025]

    The press release issued by HM Treasury on 10 April 2025.

    The Chancellor Rachel Reeves has confirmed the reappointment of Nikhil Rathi as Chief Executive of the Financial Conduct Authority (FCA) for a second five-year term until September 2030.

    • Nikhil Rathi’s reappointment for a second five-year term ensures continuity of leadership.
    • Reappointment is critical for delivering key reforms to the regulatory environment to help boost growth and deliver the Plan for Change.
    • The Financial Conduct Authority (FCA) has worked constructively with the government on growth mission, with refreshed ideas such as simplifying mortgage lending rules which will make it easier for first time buyers to get on the housing ladder.

    Nikhil Rathi will lead the FCA as it continues to drive reform to make the UK the best place to do business by removing unnecessary, outdated and duplicate regulations – whilst ensuring consumers are protected from detriment and can be confident in markets.

    Last December, the Prime Minister and Chancellor set the FCA the challenge of coming up with ideas to boost economic growth.  Since then, the FCA, under the leadership of Nikhil Rathi, has stepped up to this challenge to come up with a series of policy changes to boost growth, which will have benefits in the real economy. This includes making it easier for people to get on the housing ladder through changes to the rules on mortgages and extra support to help financial services firms start and grow in the UK.

    The Chancellor has since doubled down on the agenda to reform regulation with the radical Regulatory Action Plan. This cuts red tape by pledging to reduce the administrative cost of regulation on business by a quarter, to make Britain the best place in the world to do business.

    The government started this programme of regulatory reforms by merging the Payment System Regulator primarily into the FCA to allow a more coordinated and streamlined approach, with a payments sector that promotes innovation and competition.

    Chancellor of the Exchequer, Rachel Reeves, said:

    Nikhil Rathi has been crucial in this government’s efforts to reform regulation so it supports growth and boosts investment – I am delighted he will be continuing his leadership of the FCA. We want the FCA to go further and faster to deliver this government’s Plan for Change and we look forward to continuing to work together to achieve this.

    Chief Executive of the Financial Conduct Authority, Nikhil Rathi, said:

    I am honoured to be reappointed by the Chancellor. The FCA does vital work to enable a fair and thriving financial services sector for the good of consumers and the economy. I am proud of the reforms we have delivered to support growth, bolster operational effectiveness, set higher standards and to keep our markets clean and open. While we must go further and faster in this age of volatility, the UK is well placed as a major international financial centre.

    Chair of the Financial Conduct Authority, Ashley Alder, said:

    I am delighted Nikhil has been reappointed. He’s the right leader in testing times. His exemplary first term as chief executive has ensured the FCA is an organisation transformed. We’ve set a new standard for consumer protection, made it easier for businesses to access capital and quicker for firms to get authorised. That provides the solid foundation to deliver our ambitious new strategy – to deepen trust, rebalance risk, support growth and improve lives.

    The government will continue to work closely with regulators to ensure they are regulating for growth, not just risk.

    The FCA will publish its second report on how it has embedded its growth and competitiveness strategy later this summer.

    In the meantime, the FCA is continuing to examine the financial services regulatory landscape and working to eliminate any unnecessary rules that hold back growth.