Tag: Press Release

  • PRESS RELEASE : Childcare Offer extended in Wales as a new digital service is launched [November 2022]

    PRESS RELEASE : Childcare Offer extended in Wales as a new digital service is launched [November 2022]

    The press release issued by the Welsh Government on 15 November 2022.

    A new national digital service which will streamline the Childcare Offer for parents and childcare providers has launched.

    The Childcare Offer has also been extended to more families, and parents in education and training can now apply for up to 30 hours of government funded early education and childcare for children aged three and four.

    Currently the Childcare Offer is delivered by local authorities who use different systems to process parent applications and pay providers for Childcare Offer hours provided. The national digital service will replace these systems so that every local authority, parent and childcare provider will use one single service.

    The new national digital platform is available bilingually online and can be accessed on mobile devices including tablets and mobile phones and will ensure parents and childcare providers across Wales have the same experience no matter which local authority area they live in.

    Parents eligible to receive the Childcare Offer from January 2023 will be able to apply from now through the new service.

    Parents already accessing the Offer will not need to do anything and will remain within their local authority system. However, if they wish to receive Childcare Offer funding for another child from January 2023, they will need to apply via the national digital service.

    Launching the Childcare Offer national digital service at a nursery in Cardiff the Deputy Minister for Social Services said:

    Our ground-breaking Childcare Offer is making a real difference to parents right across Wales, and we continually look for ways we can expand or improve our Offer. I’m delighted to announce the launch of our new Childcare Offer digital service. Having a single, national system will ensure a simple, streamlined service for both parents and childcare providers across Wales. I want to thank everyone in the childcare sector, local authorities and parents who have helped us to deliver the Childcare Offer digital service.

    We are committed to supporting working families with the costs of childcare and it is fantastic we are able to increase the number of families accessing the Offer. I am pleased over 168 additional families so far have been helped by this expansion. Increasing support with childcare costs for parents in education and training reflects the value we place on supporting people to improve their employment prospects by gaining qualifications, retraining or changing career paths.

    Claire Potter, Operations Manager at Darling Buds Nursery said:

    The new childcare offer digital service will have a positive impact to our settings, as we have children from multiple Local Authorities attending who access the funding. The new service will enable us to use one national portal to submit claims regardless of which Local Authority authorised the childcare offer funding.

    In addition, the service will have a positive benefit to our parents/carers as they will be able to access the portal, and view the agreed hours and any remaining hours for them to utilise. Thus creating a transparent process which will eliminate any confusion for parents/carers and ourselves, especially where parents use the service of more than one childcare provider.

    Cabinet Member for Children’s Social Services, Cllr Ash Lister said:

    We want to make the process of applying for a childcare offer place, as simple and straightforward as possible, so that parents and families requiring a place, can easily access what is available to them. The launch of the Digital Service will help simplify the application process and will also provide childcare providers with an efficient way of claiming and receiving payments

    We are committed to supporting the delivery of the Childcare Offer which continues to support caregivers to access training and employment, allowing them to reduce childcare costs. For the children, attendance at registered childcare supports child development and school readiness, providing opportunities for play, learning and socialisation with their peers.

  • PRESS RELEASE : This is Wales – taking Wales to the world during the FIFA World Cup [November 2022]

    PRESS RELEASE : This is Wales – taking Wales to the world during the FIFA World Cup [November 2022]

    The press release issued by the Welsh Government on 14 November 2022.

    Welsh Government plans to promote a progressive, modern Wales on the global platform provided by the FIFA World Cup in Qatar have been unveiled by Economy Minister Vaughan Gething today.

    • ‘Lleisiau’ announced to be ambassadors for Wales in Qatar
    • New global marketing campaign launched

    The campaign will project Wales’ values and secure a positive legacy from the country’s first World Cup campaign in 64 years.

    With less than a week to go until Wales plays the first group match against the USA, the Welsh Government’s programme of activities is well underway in a bid to showcase the best of Wales on a global stage and introduce the nation to new audiences.

    Today, the Minister will announce former Welsh footballer Prof. Laura McAllister, Olympic silver medallist and World Champion Colin Jackson CBE, London-based DJ and presenter, Katie Owen and renowned Chef, Bryn Williams, as ‘Lleisiau Cymru’.

    The ‘Lleisiau Cymru’ team of ambassadors will act as influential voices for Wales in Qatar, joining Ian Rush and Jess Fishlock who are both the FAW ambassadors for the 2022 World Cup.

    Lleisiau Cymru’s Laura McAllister, said:

    The World Cup offers an unprecedented opportunity for us to raise the profile of Cymru whilst also staying firm to and promoting our values of diversity, inclusivity and respect for human rights. As ‘Lleisiau Cymru’ we will ensure we maximise this unique opportunity for Wales, for football and beyond.

    An enhanced global marketing campaign is live, focusing on core target international markets including the USA and key European markets. The marketing campaign will promote Wales as an open, progressive nation, as a great place to do business and visit.

    The campaign is focused on the people of Wales, it’s an invitation from a warm, welcoming country. The campaign has a real, natural, colloquial feel conveying that everyone’s welcome – wherever you’re from there’s a place for you here. A series of films have been released which shows the people of Wales inviting the world to Wales, showing the people, culture, community and landscape – a portrait of a modern, progressive and diverse country that’s welcoming the world in.

    Announcing the Welsh Government’s plans on the day the Wales squad fly to Qatar, Economy Minister, Vaughan Gething, said:

    I’m delighted to announce our comprehensive plans to promote an open, progressive Wales to the world during the FIFA World Cup.  When people see Wales, they will see our values.

    A global Audience of 5 billion people gives us a unique opportunity to showcase our nation and create a lasting legacy.

    We are introducing Wales to the world, inviting them to learn more about us, our culture, our people, and welcoming them into Tîm Cymru.  The campaign features stories from Wales, featuring authentic voices from across our communities. They are stories that’ll make people feel something about us, and make people want to be part of what we’ve got going on in Wales.

    As a government, we have been clear we will proactively use Wales’ place in the World Cup in Qatar to promote our strong Welsh values. In Wales, we are passionate about human rights and workers’ rights and believe that people should be free to live as their true authentic selves. We will continue to proudly advocate Wales’ approach to human rights, LGBTQ+ rights, political and religious freedom, inclusive education and fair work.

    This is an opportunity to promote Wales, but we also have an obligation to explain why we believe these values should be recognised. The management team, players and the FAW have all spoken out on these issues and they have the full support of the Welsh Government in promoting our values as a nation.

    A distinctive Welsh presence will also feature in the exhibitions produced by participating nations.  As the tournament will feature a strong UK Government presence, the Welsh Government is committed to ensuring that Wales is recognised as a nation and as a society with progressive values.

    Following the announcement of Wales’ World Cup squad last week, a diverse representation of artists and cultural organisations will take to the stage to share Wales’ unique culture globally.

    The artists include rapper Mace the Great; Yr Urdd, with Côr Dyffryn Clwyd; The Barry Horns – a brass band made up of Welsh football fans; Welsh rap artist Sage Todz; and multi-instrumentalist Kizzy Crawford, and many others.

    They will perform in Qatar, the USA and Canada, as well as performing at international events as part of Gŵyl Cymru a national celebration taking place throughout Wales and the world.

    Rapper, Mace the Great said:

    I’m looking forward to returning to the US after my debut at SXSW earlier this year. This is a huge opportunity for me to develop as an artist, as well as representing Wales at such an important moment for Welsh football and culture. I’m very excited to be showcasing in New York, working on a new video, and continuing my collaboration with Show Racism the Red Card and FAW.

    Representing the young people of Wales in Qatar will be Côr Dyffryn Clwyd on behalf of Urdd Gobaith Cymru, who are also a part of the Culture Squad.

    Sian Lewis, Chief Executive of Urdd Gobaith Cymru, said:

    Urdd members are great ambassadors for Wales, our language, culture and country.  We’re proud that Côr Dyffryn Clwyd will have this amazing opportunity to support the team but to also take Wales to the world and the global audience of the world cup on behalf of the young people of Wales. As an organisation we aim to inspire the next generation by offering unique experiences to extend their horizons and build self-confidence and we can’t wait to be part of the Wales Cultural Squad.

    To support Welsh Government objectives of promoting Wales, engage in diplomacy, and, importantly, communicate Wales’ values as a nation, the First Minister will attend Wales’ opening group game against the USA, while the Economy Minister, Vaughan Gething will attend the final group match against England game. These represent the most significant opportunities to raise the profile of Wales and make connections where we can share Wales’ interests and values.

  • PRESS RELEASE : Consultation launched on mandatory CCTV in slaughterhouses in Wales [November 2022]

    PRESS RELEASE : Consultation launched on mandatory CCTV in slaughterhouses in Wales [November 2022]

    The press release issued by the Welsh Government on 14 November 2022.

    A consultation begins today [Monday, 14 November] on proposals to require CCTV in all slaughterhouses in Wales.

    This is a Programme for Government commitment and is included in the Animal Welfare Plan for Wales, which seeks to maintain and improve standards of welfare for all kept animals.

    Most slaughterhouses in Wales already have CCTV.  This requirement would ensure all are covered, supporting consumer confidence welfare standards are being delivered.

    Minister for Rural Affairs Lesley Griffiths said:

    Animal welfare is a priority for the Welsh Government, and our ambition is for all farmed animals to have a good quality of life and to be free of suffering.

    We have committed to ensuring all slaughterhouses in Wales have CCTV, and I’m pleased to announce the consultation today.

    While the vast majority of slaughterhouses have CCTV in Wales, I want to ensure all animals have the same level of protection.

    The consultation will run for 12 weeks and is available on the Welsh Government website.

  • PRESS RELEASE : Welsh Government scheme helps 1,100 unemployed people facing hidden barriers to start their own business [November 2022]

    PRESS RELEASE : Welsh Government scheme helps 1,100 unemployed people facing hidden barriers to start their own business [November 2022]

    The press release issued by the Welsh Government on 14 November 2022.

    More than 1,100 unemployed people facing hidden barriers to entering the labour market have been helped to start their own business thanks to a Welsh Government grant scheme, Economy Minister Vaughan Gething has announced.

    They include unemployed single mum Sami Gibson, who was determined to build a better life for herself and her child.

    Sami had dreams of setting up her own business but faced several barriers – she had no laptop or internet connectivity and was living in a remote rural location.

    Thanks to support from the Welsh Government’s Business Wales service, Sami has set up a new business called Roots, which grows and sells herbs and other plants sustainably. Roots also creates blends such as stuffing herb mix with wild bilberries, a nasturtium salt, and pizza sauce herbs.

    Sami was awarded a Barriers to Start Up Grant worth £2,000, which she used to purchase equipment and marketing materials for her start-up.

    Sami said:

    “Thanks to invaluable support from Business Wales, I now trade regularly at markets and I have a thriving website for sales.”

    The Barriers to Start-up Grant for over 25-year-olds is a revenue grant to help economically inactive and unemployed individuals over the age of 25 to start up a business in Wales.

    It particularly targets individuals facing barriers to starting their own business or to enter the employment market. It is part of a package of support that includes one-to-one advice and webinars to build confidence in business practices and develop plans for starting a business.

    Of the successful applicants in the latest phase of the grant scheme 57% were female, 26% were disabled, and 13% identified themselves as Black, Asian and Minority Ethnic.

    The fund supports the Welsh Government’s aim of eradicating the gap between the employment rate in Wales and the UK by 2050, with a focus on fair work and raising labour market participation of under-represented groups.

    Speaking at the start of Global Entrepreneurship Week, Economy Minister Vaughan Gething said:

    The Welsh Government is determined to create a fairer and more prosperous Wales, where people are supported to fulfil their true potential.

    We are working hard to create good-quality jobs in communities across Wales. That includes supporting people into work, regardless of their individual circumstances or the barriers they face to employment.

    We are also focused on supporting more people to start their own business, fostering an even more vibrant SME sector, and prioritising enterprises built on sustainability and the industries and services of tomorrow.

    I am delighted this grant initiative has already helped so many people, including those from groups under-represented in the labour market, and those in and out of work with long term health conditions.

    As well as assisting individuals aged over 25 to start up a business, the Economy Minister approved £5m over three years to support young people into self-employment with advice and financial support to deliver on the Young Person’s Guarantee. The Young Person’s Start-up Grant for those aged under 25 went live in July 2022 and is administered by Big Ideas Wales. This grant will run until 2025.

  • PRESS RELEASE : Call for more funding for NHS pay in Wales [November 2022]

    PRESS RELEASE : Call for more funding for NHS pay in Wales [November 2022]

    The press release issued by the Welsh Government on 13 November 2022.

    The UK government has been urged to increase the amount of funding available for NHS pay.

    Ahead of the Autumn statement, Scottish Health Secretary Humza Yousaf and Welsh Health Minister Eluned Morgan have written to UK Health Secretary Steve Barclay to ask for additional funding to help avert strike action this winter in the NHS.

    The letter reads:

    We wanted to write to you in advance of the Chancellor’s Autumn Statement on 17th November to once again make the case for additional funding for our hardworking NHS staff.

    In recent weeks the Deputy First Minister of Scotland and the Welsh Government Minister for Finance and Local Government have written to His Majesty’s Treasury to make clear the need for additional funding for public services.

    The Royal College of Nursing have announced a sweeping legal mandate for industrial action across the UK. In Scotland, they have joined several other unions representing NHS staff in gaining a legal mandate for industrial action with ballots expected to confirm a mandate in the rest of the UK.

    The risk to the NHS of industrial action this winter is profound, and we all need to do all we can to avert industrial action in any form. The NHS across the UK continues to feel the effects of the pandemic as it recovers and remobilises, and any action is likely to have catastrophic effects in all parts of the UK.

    We are experiencing a cost of living crisis and the anger of NHS staff is entirely understandable. Sky rocketing inflation combined with high interest rates, a direct result of the havoc caused by the UK government’s mini-budget, means that we are simply unable to come close to matching the expectations of NHS staff across the country. While the support provided by the UK government on areas such as support for energy bills is welcome, it has not gone nearly far enough.

    Media reports suggest that the Chancellor is considering reimposing austerity on the people of the UK again, for which there is no mandate, through extensive spending cuts. That would be a disaster for our public services, including the NHS, at a time when they need more investment, not less.

    We would therefore implore you to work with us to make the case to the Chancellor in advance of his Autumn Statement for increased funding for the NHS and the devolved governments as a whole, primarily to pay our hard working NHS staff a fair pay rise in the face of the cost of living crisis this winter, and avoid what could be catastrophic industrial action in the NHS.

  • PRESS RELEASE : Additional flexibility in the application of council tax premiums and letting criteria in Wales [November 2022]

    PRESS RELEASE : Additional flexibility in the application of council tax premiums and letting criteria in Wales [November 2022]

    The press release issued by the Welsh Government on 11 November 2022.

    The Welsh Government has proposed that more categories of properties will be excepted from paying the council tax premium on second homes, managing the impact of new local tax rules to distinguish between second homes and self-catering accommodation.

    There will also be additional guidance on the discretion local authorities will have in the application of the premiums.

    It follows ongoing discussion and engagement with councils, communities and the tourism industry.

    The tax changes, which will be in place from 1 April 2023, are intended to develop a fairer housing market and ensure owners make a fair contribution to the communities in which they own homes or run businesses. The changes provide a clearer demonstration that the properties concerned are being let regularly as part of genuine holiday accommodation businesses.

    The criteria for self-catering accommodation being liable for non-domestic rates instead of council tax is increasing from being let for at least 70 days in any 12‑month period to being let for at least 182 days.

    The change announced today will mean two further categories of property will be exempt from council tax premiums if they no longer meet the letting criteria. It will apply to all properties that are restricted by planning conditions which mean that they can only be used as short-term holiday lets or which prevent them from being used as someone’s main residence.

    Updated guidance being issued to local authorities for consultation also confirms the discretion available in the event that holiday lets fail to meet the new letting criteria.

    The move is intended to ensure the changes being taken forward are made as fairly as possible and strike the balance between the needs of communities with large numbers of second homes and holiday lets as part of a sustainable tourism sector.

    As part of the Cooperation Agreement with Plaid Cymru, the Welsh Government is committed to taking immediate action to address the impact of second homes and unaffordable housing in communities across Wales, using the planning, property and taxation systems.

    Rebecca Evans, Minister for Finance and Local Government, said:

    I recognise the strength of feeling among self-catering operators in response to the changes to the letting criteria, and I have listened to the representations from individual businesses and industry representative bodies. These changes will give more flexibility to local authorities and will ensure that the contribution property owners make to the communities where they have homes or run businesses is fair.

    Designated Member Sian Gwenllian MS said:

    By working together on a cross-party basis in in the Senedd, we have been able to act quickly to begin to address longstanding injustices and market failures in the housing system that have an impact on communities across Wales. Our aim is to increase the availability and affordability of housing for local people to rent and to buy. Today’s announcement is a sensible step to take to ensure that the package of measures we are taking forward can be implemented as effectively as possible – to make the biggest difference to people and communities whilst mitigating any unintended consequences.

    There are a number of existing exceptions from the council tax premiums. For example, properties which are subject to a planning condition preventing occupation for a continuous period of at least 28 days in any one-year period cannot be charged a premium.

  • PRESS RELEASE : Building a greener Wales – Construction starts on innovative new £12 million low carbon employment development in Carmarthenshire [November 2022]

    PRESS RELEASE : Building a greener Wales – Construction starts on innovative new £12 million low carbon employment development in Carmarthenshire [November 2022]

    The press release issued by the Welsh Government on 11 November 2022.

    Construction work is underway on new £12 million sustainable employment premises at the Cross Hands East Strategic Employment Site in Carmarthenshire, which will provide innovative and modern commercial space for businesses to grow in the local area, Economy Minister Vaughan Gething has announced.

    The Welsh Government, in partnership with Carmarthenshire County Council, is building 32,500 square feet of low carbon offices, light industrial units and hybrid spaces for letting across three buildings.

    With support from the Active Building Centre, the project will help transform the way commercial buildings are powered and heated.

    Using innovative technology and active building design principles, the new buildings will generate electricity using on-site renewables and incorporate high levels of insulation to deliver a low carbon development with reduced running costs.

    The aim is to achieve ‘net zero carbon in-use standard’, which would see the development produce enough renewable energy to meet the lighting and heating needs of the buildings.

    The Welsh Government is investing £5.9 million in the project, with additional funding contributions being made by Carmarthenshire County Council and the Active Building Centre. In addition, £3.25 million funding has also been awarded to the project by the European Regional Development Fund, through the Welsh Government. The main contractor for the development is Andrew Scott Limited.

    The Cross Hands East Strategic Employment Site has been delivered via a joint venture between the Welsh Government and Carmarthenshire County Council, comprising a large programme of infrastructure works delivered over two phases.

    Speaking at the COP27 UN climate summit takes place in Egypt, Economy Minister Vaughan Gething said:

    The Welsh Government is taking decisive action to tackle the climate change crisis, so that we build a better green future for our country.

    We’re also working hard to deliver the supercharged green industries of the future that will help create high-quality jobs for people in their local communities.

    Delivering first-class business spaces is central to that vision – and it’s vital we do this in a way which contributes to our decarbonisation aspirations. This new development does exactly that, by demonstrating superb low carbon credentials.

    With the support of the Active Building Centre, I hope it can become a launchpad for further low carbon employment space, promote new technologies and provide essential data on the benefits low carbon buildings can deliver.

    Carmarthenshire County Council’s Cabinet Member for Regeneration, Leisure, Culture and Tourism, Cllr Gareth John said:

    We are pleased to deliver these high-quality commercial premises, which will bring much needed employment space to the area.

    This investment by Carmarthenshire County Council and Welsh Government demonstrates our desire to continue the development of Carmarthenshire’s Strategic Employment Site.

    Carmarthenshire County Council’s Cabinet Member for Climate Change, Decarbonisation and Sustainability, Cllr Aled Vaughan Owen said:

    This development is a clear indicator of the action the Council is taking to meet its net zero carbon 2030 commitment.

    We are pleased to be delivering such a significant demonstrator project, which has the potential to lead the way in terms of highly sustainable commercial buildings. The fabric first design approach and innovative technologies integrated into the buildings are methods which the construction sector must adopt to play their part in reversing the climate emergency.

    The Active Building Centre’s Chief Operating Officer Andy Perry said:

    As a company born in Wales, we are proud to have worked on this exciting project. We hope it can be used as a framework for other sites; especially as it showcases what can and should be done to help tackle the challenge of net zero.

    Designing integrated structures and energy systems to be part of the solution around decarbonisation, with active technologies built in from the start, will mean that our buildings are not just users of energy but will play an integral part in meeting the challenges of climate change.

  • PRESS RELEASE : Over £7m to support the next generation of Welsh speakers [November 2022]

    PRESS RELEASE : Over £7m to support the next generation of Welsh speakers [November 2022]

    The press release issued by the Welsh Government on 10 November 2022.

    The Minister for Education and Welsh Language has announced over £7m will be invested in 11 Welsh medium education and childcare projects across Wales.

    This funding will increase opportunities for Welsh medium education, which is key to the Welsh Government’s goal of reaching one million Welsh speakers by 2050.

    The projects announced today will help bring opportunities to more pupils, from early years through to secondary schools to develop their Welsh language skills. Ysgol Llanfawr in Anglesey will receive funding for a new childcare unit, with 50 Welsh Medium childcare places to nurture a new generation of Welsh speakers.

    Some projects can also support local communities to use more Welsh. Ysgol Gymraeg Gwynllyw in Torfaen has secured funding for a floodlit 3G pitch suitable for sports and activities to take place within the school day, which would also bring initiatives to grow the use of the Welsh language to the local community in the evenings, weekends and during school holidays.

    The Minister, Jeremy Miles, said:

    I’m pleased to see the plans for new projects which will support children and young people of all ages right across Wales. If we’re going to achieve our ambitious goal of a million Welsh speakers by 2050, it is crucial we put the next generation at the heart of our plans.

    My message is clear, I want Welsh-medium education to be an option for everyone and I want everyone to have the opportunity to be bilingual citizens of Wales.

  • PRESS RELEASE : Business Secretary launches review to prevent small firms from being ripped off by larger companies [December 2022]

    PRESS RELEASE : Business Secretary launches review to prevent small firms from being ripped off by larger companies [December 2022]

    The press release issued by the Department for Business, Energy and Industrial Strategy on 3 December 2022.

    • Business Secretary Grant Shapps announces in-depth review into payment practices to prevent small firms from being ripped off by larger companies
    • aimed at ensuring small businesses across the UK receive the payments they deserve, with £23.4 billion currently owed in outstanding invoices
    • comes as the Small Business Saturday Campaign marks its 10th anniversary

    Business Secretary Grant Shapps has today (3 December 2022) – on Small Business Saturday – announced a comprehensive review into tackling late payments for small businesses, while urging large companies to pay their smaller suppliers promptly.

    Small businesses routinely spend significant time and resources chasing late payments from businesses they supply which can lead to cash flow problems, putting their firms at risk and preventing them from growing. The majority of small businesses do not have large balance sheets and cannot accommodate long payment terms or delays to receiving payment within their cash flow cycle.

    The Payment and Cash Flow review will scrutinise existing payment practices and the measures in place to make sure small firms are not ripped off by their larger clients – with over £23.4 billion currently owed in outstanding invoices to UK businesses.

    The review will consider the progress made in specific sectors of the economy in combatting late payment and will also include an in-depth examination of current payment reporting regulations and the Prompt Payment Code.

    In addition, the statutory review of the Small Business Commissioner will help to ensure that the UK has the right arrangements in place to best support small businesses.

    Business Secretary Grant Shapps said:

    The UK’s 5.5 million small businesses are an integral part not just of our economy, but of our communities too, and this government is firmly on their side.

    That many small firms are routinely paid late is intolerable and presents a real barrier to productivity, the creation of high-skilled jobs and ultimately economic growth.

    This review will allow us to build on the success we have had so far in curbing late payment, unshackling small businesses from this exploitative practice and creating a system that is fit for the future. While we crack on with this work, I also want to remind big businesses of their duty to ensure their smaller suppliers are paid promptly.

    The government is already demonstrating its own commitment to prompt payment through the Procurement Bill, which is currently being debated in Parliament. The legislation sets out the requirement for 30 day payment terms to apply in public sector supply chains which will help level the playing field for SMEs and encourage more businesses with smaller budgets to bid for public sector contracts

    The announcement comes alongside the government’s support for Small Business Saturday – which celebrates small business successes and encourages consumers to support smaller firms in their area – with the Business Secretary out on a visit to his local high street in his Welwyn Hatfield constituency.

    Also within the scope of the review is the role of technology-enabled accountancy platforms in tackling late payments and promoting a better understanding of prompt payment measures within the small business community.

    The role of finance, particularly how major banks and innovative lenders can help small businesses manage their cashflow and identifying barriers to accessing finance will also be part of the review’s remit. The review will include a consultation on the payment reporting regulations, setting out specific proposals on renewal and improvement of these duties.

    The review of the Small Business Commissioner will consider both its role and effectiveness, drawing on the consultation on the Commissioner’s powers that was conducted in 2020.

    The government is committed to supporting small businesses across the United Kingdom through a series of measures including the recently expanded Start Up Loans scheme which saw an additional 33,000 new loans made available to SMEs.

    Small businesses have also benefited from the Energy Bill Relief Scheme which provides non-domestic customers with a discount on their gas and electricity bills in light of the rise in global energy prices.

    As part of the Autumn Statement, the Chancellor announced a £13.6 billion package of support for business rate payers, including the £500 million Supporting Small Business scheme.

  • PRESS RELEASE : UK and allies announce price cap of $60 on Russian Oil [December 2022]

    PRESS RELEASE : UK and allies announce price cap of $60 on Russian Oil [December 2022]

    The press release issued by HM Treasury on 2 December 2022.

    The Price Cap Coalition of the G7, the European Union and Australia have set a cap on seaborne Russian crude oil at $60.

    • The price cap will be enforced in the UK from 5 December 2022, and across coalition jurisdictions.
    • Third countries will only be able to access services such as insurance, shipping and brokerage from Coalition countries if they trade Russian oil at or below the cap.
    • The UK and its coalition partners will not make use of the cap, as they have already introduced an import ban on Russian oil.

    The UK, in partnership with the G7 countries, Australia and the European Union, have today agreed to set the price cap on Russian crude oil traded by firms shipping oil to third countries at $60. This price will be kept under review. The UK and its coalition partners will only provide services facilitating the maritime transport of Russian oil if firms trade at or beneath this cap.

    G7 finance ministers agreed to a cap in September as a way of undermining Putin’s ability to fund war in Ukraine through inflated global oil prices, while ensuring that third countries can continue to secure affordable oil.

    A General Licence will be published shortly that will provide an Oil Price Cap exception for third countries, so that firms supplying oil to them are able to continue accessing services from Coalition countries after the 5th December, but only if trading Russian oil at or below the cap.

    Insurance is one of the key services that enables the movement of oil by sea, particularly protection and indemnity (P&I) insurance which relates to third-party liability claims – the UK is a global leader in the provision of P&I cover, writing 60% of the global cover written by the International Group of the P&I clubs.

    Measures on services that facilitate the maritime transportation of refined oil products will come into force on the 5th February, to align with EU timelines for a parallel measure.

    Chancellor Jeremy Hunt said:

    “The UK will stand with Ukraine and her people for as long as Putin’s war continues. We will not waver in our support and we will continue to look for new ways to clamp down on Putin’s funding streams wherever we can.”

    United States Secretary of the Treasury Janet Yellen said:

    “Together, the G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal of restricting Putin’s primary source of revenue for his illegal war in Ukraine while simultaneously preserving the stability of global energy supplies. Today’s announcement is the culmination of months of effort by our coalition, and I commend the hard work of our partners in achieving this outcome.”

    To enforce the scheme the Treasury has set up a new team, based in the Office of Financial Sanctions Implementation. This team will set up the licensing and enforcement system for the Oil Price Cap; engage with industry to ensure readiness for the cap; and monitor the level and impact of the cap on an ongoing basis.