Tag: Press Release

  • PRESS RELEASE : New Revolut HQ caps £110 billion week of investment in UK financial services sector [September 2025]

    PRESS RELEASE : New Revolut HQ caps £110 billion week of investment in UK financial services sector [September 2025]

    The press release issued by HM Treasury on 23 September 2025.

    Chancellor Rachel Reeves will declare the UK ‘open for business’, following a £110 billion investment surge from major financial services firms in the past week alone.

    • £3 billion investment from Revolut will create 1,000 new high-skilled jobs in the UK, including a new global headquarters in London.
    • This latest commitment takes total investment from major financial services companies to over £110 billion – in a single week, following announcements by Blackstone, BlackRock and PayPal. 
    • At the opening of the new London HQ the Chancellor declares UK ‘open for business’ as Leeds Reforms push Britain to the front of global race for financial services businesses, which will help put more money in people’s pockets through the Plan for Change.

    Global fintech leader Revolut will today (23 September) open its new global headquarters in Canary Wharf, setting out plans to invest £3 billion in the UK and create 1,000 high-skilled jobs over the next five years. 

    This comes on the heels of last week’s £100 billion investment from asset manager Blackstone, £7 billion from BlackRock and £1.25 billion in inward investment from leading US financial firms including PayPal and Bank of America – generating 1,800 new jobs in major cities including London, Edinburgh, Belfast, and Manchester. 

    The wave of investment from financial services companies comes just months after the Chancellor cut needless financial red tape to ensure the UK wins the global race for financial services investment as part of the modern industrial strategy.

    Chancellor of the Exchequer, Rachel Reeves, said:

    The UK is well and truly open for business under this government. Through our Leeds Reforms we’re making Britain the best place for financial services companies to do business, pushing us ahead in the global race for investment and putting more money in people’s pockets through the Plan for Change.

    Nik Storonsky, CEO and Co-founder of Revolut, commented:

    Our mission has always been to simplify money for our customers, and our vision to become the world’s first truly global bank is the ultimate expression of that. From our roots here in the UK, we’ve grown to serve over 65 million customers globally, and today’s opening of our new Global HQ in London is the launchpad for our future. This HQ will be central to driving our growth towards our next milestone of 100 million customers.

    To power that journey from our home market, we are investing £3 billion in the UK over the next five years. This commitment will not only create 1,000 new jobs but will also fuel the innovation from our London hub that will help us deliver on our global ambitions.

    The major investments from financial services firms over the past week include:

    • Blackstone is aiming to invest in excess of £100 billion of assets in the UK over the next decade. This includes their £10 billion investment in a data centre in Blyth. 
    • BlackRock expects to allocate over £7 billion to the UK market next year on behalf of its clients and is investing £500 million into enterprise data centres across the country. 
    • Bank of America is set to create up to 1,000 new jobs in Belfast, marking its first-ever operation in Northern Ireland — a major milestone that underscores the region’s growing role in global financial services. 
    • Citi Group today confirms it is investing £1.1 billion across its UK operations, including a further commitment to growing its presence in Northern Ireland where the bank is already one of the top employers in Belfast now employing over 4,000 people — firmly establishing Belfast as a major technology powerhouse. 
    • In Manchester, S&P Global are investing over £4 million into their Manchester offices which will support 200 permanent jobs boosting their nearly 3,000-strong UK workforce. 
    • As part of the UK’s expanding fintech and digital innovation sector, PayPal is announcing a £150 million investment in product innovations and growth that will benefit customers throughout the UK, reinforcing Britain’s position as a key market for the brand globally.

    These investments in the UK are a vote of confidence in the UK’s economic plan, built on stability, investment and reform.  

    The Leeds Reforms set out the widest ranging reforms to financial regulation in over a decade, making the UK more attractive to global financial services firms. 

    This includes new support for fintech introducing tailored support to help FinTechs, with new start-ups getting a single regulatory point of contact to help them through the scale-up phase. The contact will be able to provide technical support to help them understand the regulatory requirements they need to meet in order to grow.   

    Revolut’s investment marks its commitment to the UK, where it has grown to become a global fintech leader with more than 10,000 employees and revenues of over £3 billion.  

    The company now serves over 65 million customers worldwide, including 12 million in the UK, and has set its sights on reaching 100 million customers globally by mid 2027. Revolut’s success exemplifies the strength of the UK’s fintech sector, which boasts around 3,000 firms supporting tens of thousands of skilled jobs nationwide.

  • PRESS RELEASE : David Crisp and Laura Burnett are appointed to the Treasure Valuation Committee [September 2025]

    PRESS RELEASE : David Crisp and Laura Burnett are appointed to the Treasure Valuation Committee [September 2025]

    The press release issued by the Department of Culture, Media and Sport on 23 September 2025.

    The Secretary of State has appointed David Crisp and Laura Burnett as Trustees to the Treasure Valuation Committee for terms of 5 years.

    David Crisp 

    David Crisp has been a Metal Detectorist for over 36 years and has recorded over 1300 single items. He believes that metal detecting done properly is a benefit to saving our 500,000+year-old Legacy of man-made items from the UK and its dependents. 

    He has been on the committee of the Trowbridge & District Metal Detecting Club for over 30 years and is the finder of the largest single hoard of Roman coins ever found in the UK. For the past two years he has also been Communications Officer to the National Council for Metal Detecting and until last year, was one of the main organisers of the RCM detecting events that have raised huge amounts for cancer care charities.

    Laura Burnett 

    Laura Burnett is a specialist in archaeological finds. She has authored articles and books on medieval and post-medieval objects, writing for public and specialist audiences in local, national and international publications. As a Finds Liaison Officer for 12 years she has extensive experience of the material reported as Treasure, the practical workings of the Act, and the concerns of finders, landowners and museums. She is currently undertaking doctoral research at the University of Exeter on 17th century trade tokens.

  • PRESS RELEASE : Government Reappoints a Trustee to the Royal Armouries Board [September 2025]

    PRESS RELEASE : Government Reappoints a Trustee to the Royal Armouries Board [September 2025]

    The press release issued by the Department for Culture, Media and Sport on 23 September 2025.

    The Secretary of State for Culture, Media and Sport has appointed Professor Steven Gunn as Trustee of the Royal Armouries for a 4 year term from 1 March 2025.

    Professor Steven Gunn

    Steven Gunn is Fellow and Tutor in History at Merton College, Oxford and Professor of Early Modern History. He teaches and researches the history of later medieval and early modern Britain and Europe. 

    His books include Charles Brandon, Duke of Suffolk (1988), Early Tudor Government, 1485-1558 (1995), War, State and Society in England and the Netherlands, 1477-1559 (2007), Henry VII’s New Men and the Making of Tudor England (2016), The English People at War in the Age of Henry VIII (2018) and An Accidental History of Tudor England: From Daily Life to Sudden Death (2025). 

    He speaks regularly to Historical Association branches and similar groups and has contributed to radio and TV programmes such as In Our Time, Great Lives, Time Team and Cunk on Britain. He is currently researching life and death in Tudor prisons and the political cultures of sixteenth-century European aristocracies.

    Remuneration and Governance Code

    This role is not remunerated. These appointments have 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.

    Professor Steven Gunn has declared no political activity.

  • PRESS RELEASE : UN Human Rights Council 60 – UK Statement for the Item 4 General Debate [September 2025]

    PRESS RELEASE : UN Human Rights Council 60 – UK Statement for the Item 4 General Debate [September 2025]

    The press release issued by the Foreign Office on 23 September 2025.

    UK Statement for the Item 4 General Debate. Delivered by the UK’s Permanent Representative to the WTO and UN, Kumar Iyer.

    Thank you Mr Vice President,

    The Taliban continue their assault on the rights of the Afghan people. Women and girls are barred from education and most employment, and face severe restrictions on nearly all aspects of their lives. Religious minorities are persecuted, journalists and activists face intimidation, and arbitrary detentions, torture, and public executions continue. We urge the Taliban to respect the rights of all Afghans.

    In Iran, the arrest of over 20,000 people since the 12-day war in June is of serious concern. Many of these arrests are a means to scapegoat and target already marginalised groups, including members of the Baluchi and Kurdish ethnic minorities, and Baha’i, Christian and Jewish religious minorities. The continued use of the death penalty as a political tool is appalling and we reiterate that we oppose the death penalty in all circumstances.

    In China, we remain deeply concerned about religious and cultural restrictions in Tibet, unjust detention of activists like Sophia Huang, and widespread censorship and surveillance. China must honour its human rights commitments and restore fundamental freedoms. In Hong Kong, we take reports about Jimmy Lai’s health conditions very seriously. We continue to press for an independent assessment. Jimmy Lai’s prosecution is politically motivated; he should be released.

    Thank you.

  • PRESS RELEASE : UN Human Rights Council 60: UK Statement for the Interactive Dialogue on the High Commissioner’s Report on Nicaragua [September 2025]

    PRESS RELEASE : UN Human Rights Council 60: UK Statement for the Interactive Dialogue on the High Commissioner’s Report on Nicaragua [September 2025]

    The press release issued by the Foreign Office on 23 September 2025.

    UK Statement for the Interactive Dialogue on the High Commissioner’s Report on Nicaragua. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    We are grateful to the High Commissioner for his report.

    The continued deterioration of human rights in Nicaragua is deeply concerning. The report reinforces the need for sustained international scrutiny of the systemic dismantling of democratic institutions and repression of civil liberties.

    The Nicaraguan authorities’ regrettable decision to withdraw from the UN Human Rights Council and other international human rights mechanisms must not deter that scrutiny.

    The arbitrary expulsion of citizens, denial of re-entry, and deprivation of nationality are unacceptable and must end. 

    Moreover, the reformed cybercrime law will enable the arbitrary criminalisation of peaceful expression, contributing to a climate of fear, censorship and of intimidation particularly for journalists in Nicaragua.

    The report also sheds further light on violations of the rights of indigenous peoples and people of African descent, as well as evidence of the suppression of religious freedom.

    To the Office of the High Commissioner,

    We would welcome your views on how the international community can best support implementation of your recommendations and ensure accountability for these serious violations.

    Thank you.

  • PRESS RELEASE : Civil Service staff networks to only meet outside working hours and have all events signed off by senior managers [September 2025]

    PRESS RELEASE : Civil Service staff networks to only meet outside working hours and have all events signed off by senior managers [September 2025]

    The press release issued by the Cabinet Office on 23 September 2025.

    • New rules issued to all Civil Service staff networks to ensure they remain impartial and represent the Civil Service.
    • All events will need to be signed off by a senior civil servant and must take place outside of working hours
    • New guidance introduces strict controls to crackdown on recent examples of inappropriate events hosted by networks.

    New rules have been issued to all Civil Service staff networks to ensure their activities remain within the Civil Service Code. 

    Civil Service staff networks can support staff in a number of areas and support a productive working environment. 

    However, Ministers and Civil Service leaders have been concerned by recent reports of inappropriate events being conducted by some networks in the Civil Service. 

    The new guidance states that all events must now be signed off by a senior civil servant before preparations even begin. The changes also make clear that events should always take place outside working hours, unless they directly benefit the organisation, such as learning and development – in these instances sign off from an individual’s line manager is required to attend the event.

    The rules also re-confirm that all networks must remain impartial at all times and must not attempt to influence government policy in any way – as already set out in the Civil Service Code.

    Any employees who breach the Civil Service Code, including in relation to network activity, may be subject to disciplinary action. Under the guidance, network activity may be suspended or ceased if networks do not comply with the new rules

    Minister for the Cabinet Office, Nick Thomas-Symonds, said:

    We are taking action to prevent inappropriate uses of networks in the Civil Service.

    While the vast majority of networks and their events are run within the rules, this new guidance delivers clarity. It will ensure all network members and leaders are aware of the need to remain impartial at all times and fulfil the expected behaviours set out in the civil service code.

    Alongside new rules on events, the guidance provides further clarity to all networks to ensure any activities, communications or meetings comply with the Civil Service Code. The code sets out that all civil servants must act impartially and with integrity – putting the obligations of public service above any personal interests.

    The guidance also provides further clarity for Equality, Diversity and Inclusion (EDI) networks specifically. Including the need to promote all view points equally, and ensure their role – to promote equality and inclusion in the Civil Service for everyone – is not lost in pursuit of a particular issue.

    The new guidance ensures that all networks have a better understanding of their obligations under the Civil Service Code, ensuring they can continue to operate effectively, and fulfil their intended purpose.

  • PRESS RELEASE : UN Human Rights Council 60 – UK Statement for the Enhanced Interactive Dialogue on the High Commissioner’s Report on the Democratic People’s Republic of Korea [September 2025]

    PRESS RELEASE : UN Human Rights Council 60 – UK Statement for the Enhanced Interactive Dialogue on the High Commissioner’s Report on the Democratic People’s Republic of Korea [September 2025]

    The press release issued by the Foreign Office on 23 September 2025.

    UK Statement for the Enhanced Interactive Dialogue on the High Commissioner’s Report on the DPRK. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    Thank you, Mr President,

    The UK is grateful for the High Commissioner’s report which draws attention to the DPRK’s continued widespread and systematic violations of human rights. We are also grateful for the bravery of the 314 victims and witnesses who provided information to his office.    

    As the report makes clear, there has been no improvement in the human rights situation in the DPRK since 2014. If anything, it has got worse. The death penalty is being implemented for a wider range of acts, including the sharing of foreign media. There is more pervasive surveillance and an increased use of forced labour.

    As the High Commissioner has pointed out, the DPRK’s current extreme isolation is a major barrier to improving human rights. The UK believes that diplomacy and negotiation are the best way to secure peace on the Korean peninsula and to improve the lives of North Koreans.

    The UK urges the DPRK to engage meaningfully and constructively with the international community, to take tangible steps to improve its human rights record, and to allow UN human rights mechanisms unhindered access to the country in order to support permanent improvements for the people of the DPRK. 

    To the Office of the High Commissioner,

    How will you work with Member States to ensure they uphold the principle of non-refoulement of individuals to the DPRK?

  • PRESS RELEASE : Water saving plans to reduce bills and unblock new homes [September 2025]

    PRESS RELEASE : Water saving plans to reduce bills and unblock new homes [September 2025]

    The press release issued by the Department for Environment, Food and Rural Affairs on 23 September 2025.

    Strengthened Water Efficiency Standards will boost housebuilding and keep more money in families’ pockets.

    Simple water-saving measures could save families in new homes over £100 a year on bills, while supporting a wave of new housing across Britain – delivering on the Plan for Change.

    The government’s new efficiency rules will tackle water shortage bottlenecks and unblock stalled developments in areas of water scarcity helping to deliver the pledge of building 1.5million homes by 2030.

    A consultation launched today will propose small changes to Building Regulations that could see new homes fitted with water-saving features such as aerated taps and showerheads, and dual flush toilets.

    The change to the design standard will make new build housing more water efficient, equivalent to 20 litres per person per day. Analysis has shown this could save £111 a year on energy and water bills in new homes.

    The small measures will also help the environment by reducing the amount that needs to be taken from rivers, lakes, and delicate chalk streams for public supply.

    Environment Secretary, Emma Reynolds, said:

    We are getting Britain building faster, and a key element to growth is smarter water consumption.

    Removing the water shortage barriers that have stalled development for too long will mean unlocking thousands of new homes while saving families money.

    Not only will this make customer bills cheaper; it will protect the environment and unlock thousands of new homes as part of our Plan for Change.

    The 12-week consultation looks to amend the current Building Regulations 2010 Part G2, which are insufficient to meet the parallel challenges of housing delivery and water conservation.

    A reduction of 20 litres per person per day could see an additional 1,000 new homes unlocked for every 5,250 homes built. This is particularly helpful in areas like Cambridge and north Sussex where planning has previously been blocked because water demand outstripped supply.  

    The measures will support the government’s commitment to reduce water usage in England by 20% per person per day by 2038. It also puts us on track to use just 110 litres per head of the population by 2050.

    Future innovations, such as using harvested rainwater to flush home toilets, are also being considered in a call to evidence that is running alongside the consultation.

    England has seen seven consecutive months of below-average rainfall, with five areas in drought and more expected to follow soon despite the recent rain. Climate change and increased water demand means the nation needs to become more efficient with the water it has.  

    Defra has worked closely with the Ministry for Housing, Communities and Local Government (MHCLG) to develop the consultation and ensure it supports housebuilding goals.

    Dr. Tom Dollard, Chair, Good Homes Alliance welcomed the consultation saying: 

    Our membership is facing real challenges in delivering new homes due to a lack of water capacity in their areas.  

    If we are to meet the Government housing delivery targets and unlock economic growth then we must start building more ‘water smart’ homes and neighbourhoods.  

    We would like to see a refreshed Part G that is aligned to the water neutrality hierarchy, and a fittings-based approach combined with a water labelling scheme that would deliver water efficient homes at scale across the UK.  

    We encourage all stakeholders from across industry to respond to this important consultation.” 

    Ed Lockhart, CEO of Future Homes Hub:

    Water shortages are already constraining housing growth and the water supply shortfall at national and regional levels will widen without concerted action.

    To sustain delivery of new homes at the levels required for everyone to have a decent home, homes need to become progressively more water efficient, alongside largescale investment in water infrastructure and demand management in other sectors.

    That is why the Future Homes Hub proposed a water efficiency roadmap for the new homes sector in the 2024 Water Ready report. We therefore welcome the Government consulting on proposed efficiency measures and look forward to working with the Government to ensure water efficiency can be implemented affordably at scale whilst delivering on customer expectations.” 

  • PRESS RELEASE : After two years of bloodshed, I believe the world is united in wanting this awful war to end: UK Statement at the UN Security Council [September 2025]

    PRESS RELEASE : After two years of bloodshed, I believe the world is united in wanting this awful war to end: UK Statement at the UN Security Council [September 2025]

    The press release issued by the Foreign Office on 23 September 2025.

    Statement by The Rt Hon Yvette Cooper, Secretary of State for Foreign, Commonwealth and Development Affairs, at the UN Security Council meeting on the humanitarian crisis in Gaza.

    Yesterday, alongside other ministers here in New York this week, I hosted a session to hear from doctors who have recently returned from Gaza, and the stories they told will stay with me forever.

    One told of the screams of toddlers. And a scream of a toddler who she had operated on without full anaesthetics, and how she hoped and prayed that he would not feel pain.

    Another told of the seriously malnourished pregnant women, affecting their babies.

    And they talked about doctors and nurses whose family members were killed, but who still came back to work in hospitals in unimaginable conditions to help others.

    And they told of how the absolute basics of modern medicine, like antibiotics and anaesthetics, things that we around this Council table take for granted for ourselves and our loved ones, were unavailable. Blocked and denied.

    And we say the words “humanitarian crisis,” but this is what it means: the pain and the screams of a toddler who cannot get the basic health care that they need. 

    And only 18 out of 36 hospitals in Gaza now remain open – all of them struggling to operate amidst severe shortages of fuel, medicine, equipment, and staff.

    Over 1,700 healthcare workers have been killed in Gaza, more than 300 detained. This is what the catastrophic collapse of Gaza’s healthcare system looks like. 

    And as we are gathered here, Israeli forces are escalating the conflict in Gaza City, pounding more homes into rubble, sending frightened families scattering. 

    It is incomprehensible. It is inhumane. It is utterly unjustifiable. And it must end. 

    All that this action from the Israeli Government will do is make a catastrophic humanitarian situation worse.

    More healthcare in crisis.

    Harder than ever to get desperately needed aid to those who need it.

    More innocent children enduring a man-made famine.

    More civilians killed.

    But making it harder to get the remaining hostages out.

    Hostages who are still being held, who were seized by Hamas on the barbaric terrorist attack of October 7th  and are still being held in the most horrendous conditions, prolonging the anguish for their families, and I reiterate our condemnation of Hamas and that barbaric terrorism on October 7th. 

    I met with some of the UK-linked hostage families again last week. Their ask of all of us is to keep the hostages at the forefront of our minds, to do everything we can, to give their loved ones the chance of coming home, and to achieve a ceasefire that gives them the chance to do that.

    And that must be our task.

    We know what needs to be done. We need a ceasefire now. We need the release of all the hostages. We need the immediate restoration of aid and support for medical care. And we need a broader framework for the lasting peace. 

    And I welcome and support mediation efforts being made by the United States, Qatar and Egypt to seek an end to conflict and to seek peace. 

    We know too that Gaza cannot be seen in isolation from the West Bank. The Israeli government is tightening its stranglehold on the Palestinian economy and continuing to approve illegal settlement construction, including just recently in the E1 area of East Jerusalem, which is a further blow to the viability of the two-state solution, and we urge Israel to reverse these plans.

    After two years of bloodshed, I believe the world is united in wanting this awful war to end.

    United in wanting all the hostages released.

    United in rejection of any role for Hamas in the future of Gaza or the future of a Palestinian state.

    United in wanting Israel to unblock aid and end the humanitarian catastrophe.

    And united in wanting a better and more peaceful future for the region, with the reconstruction of Gaza, the dignity for its people, and a new era of relations to support their collective security.

    And that future must be based on a two-state solution.

    The UK’s historic recognition of the state of Palestine this week is part of our commitment to peace.

    Part of acting to protect the viability of the two-state solution as the only path to a just and lasting peace and to security for Palestinians and Israelis alike. 

    Part of rejecting extremist ideas on all sides, which involve too often fantasies of the destruction of the State of Israel or expulsion of the Palestinian population, we reject both of those.

    And part of our wider effort to work with partners on a long-term peace, not just to halt the immediate crisis but an advance a pragmatic plan for what comes next.

    None of this can happen without an immediate ceasefire, and that is where all of this has to start. 

    One of the doctors yesterday described the impact on children of growing up in trauma and devastation. And those will be the consequences on generations to come if we do not act now. 

    We owe it to all of those children growing up in Gaza, across Palestine, across Israel. 

    We owe it to all of them to build a better future.

    The time for peace is now.

  • PRESS RELEASE : UN Human Rights Council 60: Syria Core Group Statement for the Item 4 General Debate [September 2025]

    PRESS RELEASE : UN Human Rights Council 60: Syria Core Group Statement for the Item 4 General Debate [September 2025]

    The press release issued by the Foreign Office on 23 September 2025.

    Syria Core Group Statement for the Item 4 General Debate. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    Mr President,

    This statement is made on behalf of six countries.

    In April, this Council renewed the mandate of the Commission of Inquiry on Syria by a landmark consensus. The Commission continues to fulfil an important role to document human rights violations and abuses across the country. We appreciate the Syrian government’s facilitation and welcome the Commission’s report on the violence in the coastal region.

    We welcome positive steps made by the government. Their investigation into the coastal violence, and the establishment of the Commissions on Transitional Justice and Missing Persons, are important steps towards justice and reconciliation.

    However, challenges remain. The violence in Suwayda in July was horrific; attacks that threaten the peace, stability and territorial integrity of Syria are unacceptable. We welcome the establishment of an investigatory committee and the efforts to develop a roadmap to address the crisis in Suwayda as agreed by Syria, Jordan and the United States. 

    Transparent and tangible action against all perpetrators is required. The justice system must serve all Syrians, regardless of their religious or ethnic background. We note the role that the OHCHR, the IIIM and IIMP can play, and encourage further cooperation to complement national efforts. 

    We reaffirm our strong commitment to the full respect of the sovereignty, independence, unity and territorial integrity of Syria. Now is the time to take the steps for an inclusive political process, which brings accountability and justice to all.

    Thank you.