Tag: Press Release

  • PRESS RELEASE : Biggest government intervention ever to keep rail fares down [December 2022]

    PRESS RELEASE : Biggest government intervention ever to keep rail fares down [December 2022]

    The press release issued by the Department for Transport on 22 December 2022.

    • rail fare increases for 2023 will be capped at 5.9% – 6.4 percentage points below July 2022’s RPI
    • biggest ever government intervention will help reduce the impact of high inflation for passengers
    • a rise is necessary to support crucial investment and the financial stability of the railway

    The government has acted with the biggest intervention in its history to ensure rail fare increases for 2023 are capped at 5.9%, 6.4 percentage points lower than RPI figure on which they are historically based.

    Fares will officially rise on 5 March 2023 and like last year, the government is freezing them for the entirety of January and February, giving passengers more time to purchase cheaper flexible and season tickets at the existing rate.

    Due to unprecedented levels of inflation, the government has, for this year only, aligned the increase to July 2022’s average earnings growth instead of RPI, more than halving the increase facing passengers, ensuring it’s easier on family finances while not overburdening taxpayers who have subsidised the running of the railways to the tune of £31 bilion since the pandemic.

    Transport Secretary Mark Harper said:

    This is the biggest ever government intervention in rail fares. I’m capping the rise well below inflation to help reduce the impact on passengers.

    It has been a difficult year and the impact of inflation is being felt across the UK economy. We do not want to add to the problem.

    This is a fair balance between the passengers who use our trains and the taxpayers who help pay for them.

    The rail industry is facing serious financial difficulty, which is why trade unions must agree to cost saving reforms. Taxpayers across the country contributed £31 billion to the railways over the course of the pandemic, ensuring stability for staff and avoiding job losses.  Next year’s rail fares rightly strike a balance between the needs of rail passengers and taxpayers as we seek a sustainable long-term financial position following the pandemic.

    Over the years since privatisation, under both Conservative and Labour governments, regulated rail fares have increased closely in line with inflation, never being more than 1% above or below RPI. This government, however, recognises the wider economic challenges currently passengers and has taken action to link this year’s rate with July 2022’s average earnings growth, instead of RPI, and prevented an increase of 12.3%.

  • PRESS RELEASE : Mayor appoints David Bryan CBE as new Chair of Arts Council England’s London Area Council [December 2022]

    PRESS RELEASE : Mayor appoints David Bryan CBE as new Chair of Arts Council England’s London Area Council [December 2022]

    The press release issued by the Mayor of London on 22 December 2022.

    The Mayor of London, Sadiq Khan, has today announced that he has appointed David Bryan CBE as the new Chair of the Arts Council England’s London Area Council.

    David will be responsible for leading the Arts Council’s work across the capital, playing a pivotal role in shaping the future of arts and culture at a challenging time, following the impact of the pandemic.

    A leading figure in the UK’s arts sector, David has vast experience of helping to drive change and improve diversity and representation.

    He is the Chair of Brixton House the Battersea Arts Centre and Creative Lives (UK) and previously was Chair of the Arts and Creative Economy Advisory Group for the British Council. After studying for an MBA, David also became a management consultant, providing training and consultancy in the arts, not-for-profit and public sectors.

    He is a member of the Mayor’s Commission for Diversity in the Public Realm and a trustee of Dunraven Educational Trust – roles that bring valuable knowledge of diversifying and expanding the sector to be more inclusive.

    In this new role, David will work to increase the reach of arts and culture in the capital, improve diversity and support more young people to access the benefits of the arts.

    The Mayor of London, Sadiq Khan, said: “London is home to world-leading culture, arts and creative industries and David’s experience supporting artists and talent from all backgrounds will be key to this role.

    “Culture is vital to the success of our city but the sector faces huge challenges following the impact of the pandemic and the rising cost of doing business. I look forward to working with David to continue championing and supporting arts and culture across the capital as we build a fairer and more inclusive city for all Londoners.”

    Deputy Mayor for Culture and the Creative Industries, Justine Simons, OBE, said: “I am delighted that David Bryan will be the new Chair for the Arts Council’s London Area Council. David is a strong and experienced leader, bringing together a steadfast commitment to supporting established and emerging artists, and sound business acumen – exactly what is needed to drive forward the industry to continue to transform communities”

    Tonya Nelson, Area Director, London, Arts Council England said: “We are delighted to welcome David as the new Chair for London Area Council. He brings a wealth of experience in the public, voluntary and arts sectors as well as an outstanding body of work surrounding diversity, inclusion and community development – all key priorities for the Arts Council as we move forward with our strategy, Let’s Create.”

    David Bryan, CBE, said: “I am honoured to be able to work alongside the Mayor, Sadiq Khan, Deputy Mayor Justine Simons and the Arts Council to help drive forward London’s arts organisations for the benefit of all Londoners, and provide unique opportunities for artists and cultural institutions to develop.”

  • PRESS RELEASE : Mayor announces new measures to help migrant and refugee Londoners access support [December 2022]

    PRESS RELEASE : Mayor announces new measures to help migrant and refugee Londoners access support [December 2022]

    The press release issued by the Mayor of London on 18 December 2022.

    •    A new map will help Londoners with immigration needs to access information about their rights and entitlements, and find their nearest services and resources.
    •    A new £300,000 Migrant Advice and Support Fund will help groups providing specialist advice and support to migrant Londoners.
    •    On International Migrants Day, the Mayor pays tribute to the immense contribution that migrants, refugees and asylum seekers have made – and continue to make – to London as he criticises the government’s ‘inhumane’ new proposals for people seeking asylum.

    To mark International Migrants Day (Sunday 18 December), the Mayor of London, Sadiq Khan, has announced new measures to help support migrant, refugee and newly arrived Londoners, as he criticised the government’s ‘inhumane’ new proposals for people seeking asylum.

    The Mayor has created a new map of services to help Londoners with immigration needs find the support that is available to them, and created a £300,000 fund for organisations that are providing specialist advice and support across the capital.

    It comes as the Government this week announced plans for asylum seekers which the Mayor has warned will do nothing to deter people making perilous journeys to seek sanctuary, nor the traffickers profiting from people’s misery. The backlog in the asylum system has left thousands of people in immigration limbo unable to work and often living in unsuitable hotel accommodation for months or years while they await a decision on their asylum claim.

    The Mayor’s new, interactive map has been added to his Migrant Londoners Hub, an online tool providing information to support migrant and refugee Londoners. The map provides details of services and organisations specialising in providing immigration advice, employment advice and employability support, welfare advice, healthcare and mental health support, and housing advice and support. This will help newly arrived Londoners with immigration needs to access information, and see what services are available in boroughs across the capital.

    The new Migrant Advice and Support Fund will provide funding to frontline groups and organisations providing specialist advice and support to migrant Londoners. In the new year, £300,000 will be granted to organisations to help develop services for underserved groups, support collaborative working, and ultimately improve the resilience of the sector. Single organisations will be eligible to apply for £10,000 to £30,000, whilst organisations applying in partnership will be able to apply for up to £70,000.

    Next month, a Young Londoners Participation Network event will also bring together people across the capital who are committed to supporting young migrants, refugees and asylum seekers from across a range of organisations and sectors.

    These measures signal Sadiq’s commitment to championing London’s diversity and supporting the social integration of all Londoners, regardless of where they were born.

    Since becoming Mayor, Sadiq has shown his strong support for migrants, refugees and people seeking asylum. In March, more than £1.1m in funding was announced to expand access to immigration advice, develop the Migrant Londoners Hub, and improve support for the capital’s migrant workers. He has also invested in a series of measures to support refugees from Ukraine, evacuees from Afghanistan, and new arrivals under the Hong Kong British National (Overseas) visa.

    The Mayor of London, Sadiq Khan, said: “Migrants play an important role in our society and International Migrants Day provides us with an opportunity to reflect on the positive contributions that they make to London, as well as the challenges they face in achieving their full potential. This week we have seen the tragic deaths of more people in the English Channel, but the Government’s recently announcements do nothing to prevent people from making dangerous journeys to reach safety, nor traffickers from profiting off people’s misery. This is why it is crucial that we help migrants, refugees and people seeking asylum to access the services and resources that will enable them to thrive in our city. By ensuring that all Londoners have access to the support and representation they need, we will be able to build a better London for everyone – a safer, more prosperous city for all.”

    Deputy Mayor for Communities and Social Justice, Dr Debbie Weekes-Bernard, said: “I am proud that City Hall not only recognises the value that migrants bring to the capital, but that we are actively taking steps to ensure new arrivals and longstanding communities with immigration needs have access to a broad range of services and resources to uphold their rights. Too many of the Government’s proposals designed to fix our broken asylum system are unworkable and inhumane, including regressive hostile environment policies that hurt Windrush communities who rightly call London home. Diversity is London’s strength and by embracing, celebrating and supporting our communities, we are sending a message to the world that London is open and a place where everyone is able to thrive.”

    Chief Executive Officer of the East European Resource Centre (EERC), Barbara Drozdowicz, said: “London’s celebration of migration is a testament to the city’s strength. As migrants, we are your neighbours, colleagues, friends, family members, and fellow citizens; we bring new ideas, business connections, music and culture, let alone glorious food! Some of us come in search of opportunity, following our loved ones, or seeking sanctuary. Yet, migration always carries risk, and it’s so important that there are advice services available that help us find our feet in our new home. Everyone needs a safety net, and if there is no one to catch us then we cannot thrive – the richness of our diversity of skills, experiences and resources risks being lost”

    Chief of Mission at the International Organization for Migration (IOM) in the UK, Christa Rottensteiner, said: “International Migrants Day marks a day every year to reflect on the role of migrants in our societies, their positive contributions and the challenges they face in achieving their full potential and capabilities. It is also a reminder that human rights are not ‘earned’ by virtue of being a hero or a victim, but are an entitlement of everyone, regardless of origin, age, gender and status. This year, we welcome the support from the Mayor of London that highlights the important role that cities play in shaping welcoming and inclusive communities”.

    Co-Founder and Director of Hongkongers in Britain (HKB), Julian Chan, said: “Hongkongers in Britain (HKB) strongly believes in the vital role of migrants in enriching the culture and diversity of societies in London and the UK. It is important to aid and empower migrants by understanding and meeting their needs, including specialised advice and targeted support, in order for them to settle, integrate and contribute effectively towards wider communities.”

  • PRESS RELEASE : Mayor publishes consultation Budget to build a safer, fairer, greener and more prosperous London [December 2022]

    PRESS RELEASE : Mayor publishes consultation Budget to build a safer, fairer, greener and more prosperous London [December 2022]

    The press release issued by the Mayor of London on 16 December 2022.

    • Mayor introduces ‘Climate Budgeting’ across the GLA Group, setting out how TfL, Metropolitan Police Service and London Fire Brigade could achieve Net Zero Carbon by 2030
    • GLA Group carbon emissions have more than halved since the Mayor was first elected in 2016
    • No decision on council tax until the New Year as the government has yet to publish the local government settlement
    • Mayor fears a lack of government funding will force him to increase council tax

    The Mayor of London, Sadiq Khan, has today reiterated his warning that Londoners may face increased council tax bills as the government has failed to give him the resources needed for Transport for London (TfL), the Metropolitan Police Service and the London Fire Brigade (LFB).

    The Mayor has today published a consultation document on budget proposals for the draft Greater London Authority (GLA) Group budget that focuses on building a safer, fairer, greener and more prosperous city for all Londoners.

    For the first time, the Mayor has introduced the concept of ‘Climate Budgeting’ across the GLA Group. This sets out how organisations, including TfL, the Metropolitan Police Service and the LFB could achieve Net Zero Carbon by 2030 across their operations.

    The climate emergency is today’s biggest global threat and Sadiq has already set out some of the most ambitious plans to tackle climate change and air pollution of any major city, and has overseen a 53 per cent reduction in carbon emissions from the GLA Group since coming into office in 2016.

    London’s new City Hall in the Royal Docks has received the highest possible rating from the world’s leading experts in sustainable buildings, marking it out as one of the greenest city Hall for a global city. City Hall has received the highest possible rating for sustainability and is projected to use around 50 per cent less energy compared to other buildings of the same size.

    No decision has been made on council tax levels for 2023-24. This will only be made once the Mayor has fully considered the implications of the government’s local government and police finance settlements. The provisional local government settlement – which should have be published around 6 December – is still not available, and without this the Mayor cannot assess the likely income from business rates next year. Therefore, the consultation budget retains the assumption from July’s budget guidance that a lack of government funding for London’s key public services means council tax may need to raise by an additional £27.89 a year for an ‘average’ Band D household – the equivalent of £2.32 a month, below the current rate of inflation. This should be regarded as a working figure subject to change, with a decision to be made in the New Year once sufficient information is available.

    The Government’s removal of TfL’s operating grant in 2015 made London’s transport network over-dependent on fares income, which created a financial emergency when the pandemic hit. Sadiq has managed to navigate TfL through a financial crisis caused by the pandemic whilst protecting vital services for Londoners. By standing up for London, he has avoided TfL having to implement huge cuts to vital transport services across our city. However, the Government has still left TfL with a significant funding gap and has insisted that the Mayor raises over £500m a year as a condition of emergency funding deals – with Ministers explicitly proposing that he raise council tax to do so. This means Sadiq has been left with no alternative but to plan to increase council tax by £20 next year, as approved by the Government, to ensure London can continue to have a world-class transport network

    Bearing down on violent crime, including violence against women and girls, and making London safer remains the Mayor’s number one priority. Overall, crime continues to fall in London, bucking the national trend. Over the last six years, Sadiq has invested record amounts from City Hall to support the police, which has enabled him to put 1,300 more officers on the streets, expand neighbourhood policing and elevate police officer numbers to the highest level in history. However, the Mayor and the Met Commissioner agree that London needs at least 1,440 more officers than the Government is currently planning to fund. In addition, the Home Office is still refusing to award London the extra £159m National and International Capital Cities grant that its own independent review said London is due.

    Due to this lack of national funding, the consultation budget retains the assumption from July’s budget guidance that there will be a 1.99 per cent increase to his policing precept – the equivalent of £5.53 a year. The assumption of a 1.99 per cent increase for the LFB is also retained to ensure it can continue to quickly respond to major fires and make the changes needed after the Grenfell Tower Inquiry – this is equivalent to £2.36 a year. Both these figures are below the council tax caps the government has recently confirmed for 2023-24, of £15 on Band D for policing and 3 per cent for non-policing (excluding Transport for London as described above). The Mayor will review these proposals when further information is available from the government on likely business rates income next year.

    Overall, the Mayor has ensured that the 2023-24 GLA Group consultation budget is focused on his core priorities and the issues that matter most to Londoners. This includes:

    • Keeping London safe, by being tough on crime and the causes of crime and ensuring the Met and London Fire Brigade both have the resources they need to reform and serve Londoners effectively.
    • Taking the boldest action of any city in the world to tackle air pollution and the climate crisis.
    • Continuing to build a record number of council homes and homes more Londoners can afford.
    • Maintaining a world-class transport network in London.
    • Supporting Londoners and businesses most in need through the cost-of-living crisis.
    • Continuing to offer free training to anyone who is unemployed or in low-paid work and ensuring young Londoners have the opportunities to thrive including providing a mentor to all young Londoners in need.

    The ‘Climate Budget’ sets out funded actions that the GLA Group will take and the unfunded projects and actions that are needed to meet their 2030 Net Zero target. By 2030, this will require switching Metropolitan Police, LFB and TfL fleets to run on electricity, the electrification of heating in police and fire stations and TfL’s buildings, and the installation of more electric vehicle charging infrastructure and solar panels across the GLA estate.

    The Mayor is clear that the action and cost of transitioning to Net Zero in London cannot be met by the GLA Group alone and will not be at the expense of service delivery, such as the redirection of resources from frontline policing. It will require concerted effort and funding from others, including the government, London boroughs, other public sector organisations and the private sector. However, ‘Climate Budgeting’ will allow organisations within the GLA Group to start planning now so that they can access funding and finance to hit the 2030 target.

    The Mayor of London, Sadiq Khan, said: “I’m more determined than ever that we continue to build a safer, fairer, greener and more prosperous London for everyone – and this is what’s at the heart of this consultation budget.

    “Our city is facing an extremely challenging time due to the state of the national economy and the cost-of-living crisis, which is hitting many Londoners hard. The last thing I want to do is raise council tax, but I want to be honest with Londoners that the government is leaving us with no viable option if we are to maintain the transport services Londoners rely on and to ensure our police officers and firefighters have the resources they need. I believe council tax is a regressive tax, but there are no other feasible options available to me in order to properly fund London’s vital public services.

    “Despite these difficult times, I remain optimistic for our city because we have shown time again over the last six years how we can still take huge strides forward in London, even in the most difficult of circumstances. The additional money we plan to invest will allow us to continue delivering on the issues that matter most to Londoners – reducing crime, building more affordable homes, protecting and improving our world-class transport network, supporting people and businesses through the cost of living crisis, and taking the boldest action of any city in the world to tackle air pollution and the climate crisis.

    “We have already delivered a 53 per cent reduction in carbon emissions within the Greater London Authority Group, and we are now introducing for the first time the concept of ‘Climate Budgeting’, which will help TfL, the Met Police and the London Fire Brigade identify what is needed to achieve net-zero carbon by 2030.  The climate crisis is the biggest threat we face, and this budget will ensure London remains at the forefront of the fight.”

    Mark Watts, Executive Director C40 Cities, said: “It’s fantastic that London is introducing climate budgeting as part of the GLA’s draft budget. Solving the climate crisis requires change across our entire political, economic and social systems. In order to see rapid, systemic transformation we need innovative practices like climate budgeting that mainstream climate targets into every key decision-making process. A total of 12 cities are currently part of the C40 climate budgeting programme, but to deliver the climate action we need today, climate budgeting will need to become standard in every city.”

    Governing Mayor of the City of Oslo, Raymond Johansen, said: “I welcome the announcement of London’s first climate budget and applaud Mayor Khan’s continued commitment to climate action. C40’s climate budget pilot has allowed Oslo to share its learnings from the city’s climate budget work and demonstrate that mayors have the means to go from goals to action and place climate policies at the heart of government. I am honoured that London has taken this momentous step and we are eager to learn from the city’s experience and continue to strive for more ambitious climate action”.

  • HISTORIC PRESS RELEASE : Myners review of institutional investment [May 2000]

    HISTORIC PRESS RELEASE : Myners review of institutional investment [May 2000]

    The press release issued by HM Treasury on 16 May 2000.

    Paul Myners today launched his review of UK institutional investment with a consultation document setting out the main themes which the review will examine, and almost fifty issues for discussion. It invites comments on the current position and how this could be improved to remove unnecessary barriers to investment in growth and innovation in the UK economy.

    A primary focus of the review will be to investigate whether there are factors distorting institutional investors’ decision-making, encouraging, for instance, excessive dependence on industry-standard investment patterns.

    Paul Myners said:

    “I have been concerned for some time that we are not making the best possible use of our capital markets.

    “It is not appropriate for Government to second-guess institutions’ investment decisions. But if there are structural factors that are distorting rational decision-making, then there may be a role in helping to remove them. So when the Chancellor asked me to lead an inquiry into these issues, I was delighted to accept.”

    The review will cover all types of institutional investment, including pension funds, insurance companies and unit trusts. It will consider issues such as the benchmarks against which investment performance is measured, the impact of public discussion of investment performance, and the regulatory environment in which decisions are made. The review will report to the Chancellor of the Exchequer in time for the next Budget.

    Mr Myners added:

    “I welcome views from as wide a range of organisations and individuals as possible. As well as the views of those in the investment industry itself, I would also like to hear the experiences and opinions of those who have looked, successfully or not, to institutional investors for funding to develop ideas and commercial opportunities.

    “To get the best spread of views, the consultation document is available on the internet, and I very much look forward to receiving responses by e-mail if this is the most convenient way for contributors to contact me.”

  • HISTORIC PRESS RELEASE : Chancellor confirms Unchanged Monetary Policy Committee Remit [May 2000]

    HISTORIC PRESS RELEASE : Chancellor confirms Unchanged Monetary Policy Committee Remit [May 2000]

    The press release issued by HM Treasury on 25 May 2000.

    Chancellor of the Exchequer Gordon Brown today formally renewed the Bank of England’s monetary policy remit, following an announcement in his Budget Speech on 21 March.

    Answering a Parliamentary Question from Ms Jackie Lawrence (MP for Preseli Pembrokeshire), the Chancellor said:

    In accordance with S.12 of the Bank of England Act 1998, I have today written to the Governor re-stating the MPC’s remit and how it will be held accountable for meeting the remit.My letter has been laid before Parliament and a copy has been sent to the Chairman of the Treasury Committee. Copies are also being deposited in the Libraries of both Houses….. The full text of the remit, and the Chancellor’s letter to the Governor of the Bank of England, is attached.

    —–

    Eddie George Esq
    Governor
    Bank of England
    Threadneedle Street
    LONDON
    EC2R 8AH

    25 May 2000

    Dear Eddie

    REMIT FOR THE MONETARY POLICY COMMITTEE

    The Bank of England Act requires that I specify what price stability is taken to consist of and the Government’s economic policy objectives atleast once in every period of 12 months beginning on the anniversary of the day the Act came into force. I last wrote to you on this matter on 18 May last year.

    As you know, I re-confirmed the target of 2.5 per cent for RPIX inflation in this year’s Budget. In accordance with the Act, I confirm that the MPC’s remit remains unchanged. I attach a copy of the remit, as first set out in 1998 (after the Act came into force), for ease of reference.

    Yours sincerely

    GORDON BROWN

    —–

    REMIT FOR THE MONETARY POLICY COMMITTEE

    The Bank of England Act came into effect on 1 June 1998. The Act states that in relation to monetary policy, the objectives of the Bank of England shall be:

    (a) to maintain price stability, and

    (b) subject to that, to support the economic policy of Her Majesty’s Government, including its objectives for growth and employment.

    In order to comply with the Act, this remit sets out what price stability shall be taken to consist of and what the economic policy of the Government shall be taken to be.

    Price stability

    I confirm that the operational target for monetary policy remains an underlying inflation rate (measured by the 12-month increase in the RPI excluding mortgage interest payments) of 2.5 per cent. The inflation target is 2.5 per cent at all times: that is the rate which the MPC is required to achieve and for which it is accountable.

    My intention is to lock into our policy making system a commitment to consistently low inflation in the long term. The real stability that we need will be achieved not when we meet the inflation target one or two months in succession but when we can confidently expect inflation to remain low and stable for a long period of time.

    The framework takes into account that any economy at some point can suffer from external events or temporary difficulties, often beyond its control. The framework is based on the recognition that the actual inflation rate will on occasions depart from its target as a result of shocks and disturbances. Attempts to keep inflation at the inflation target in these circumstances may cause undesirable volatility in output.

    But if inflation moves away from the target by more than 1 percentage point in either direction I shall expect you to send an open letter to me, following the meeting of the Monetary Policy Committee and referring as necessary to the Bank’s Inflation Report, setting out:

    the reasons why inflation has moved away from the target by more than 1 percentage point;
    the policy action which you are taking to deal with it;
    the period within which you expect inflation to return to the target;
    how this approach meets the Government’s monetary policy objectives.

    You would send a further letter after three months if inflation remained more than 1 percentage point above or below the target. In responding to your letter, I shall, of course, have regard to the circumstances prevailing at the time.

    The thresholds do not define a target range. Their function is to define the points at which I shall expect an explanatory letter from you because the actual inflation rate is appreciably away from its target.

    Government’s economic policy objectives

    The Government’s central economic policy objective is to achieve high and stable levels of growth and employment. Price stability is a precondition for these high and stable levels of growth and employment, which will in turn help to create the conditions for price stability on a sustainable basis. In the recent past, instability has contributed to the UK’s poor growth performance, not least by holding back the long-term investment that is the foundation for a successful economy.

    The monetary policy objectives of the Bank of England are to maintain price stability and subject to that, to support the Government’s economic policy, including its objectives for growth and employment.

    Accountability

    The Monetary Policy Committee is accountable to the Government for the remit set out in this letter. The Committee’s performance and procedures will be reviewed by the Court on an ongoing basis (with particular regard to ensuring the Bank is collecting proper regional and sectoral information). The Bank will be accountable to Parliament through regular reports and evidence given to the Treasury Select Committee. Finally, through the publication of the minutes of the Monetary Policy Committee meetings and the Inflation Report, the Bank will be accountable to the public at large.

    Restatement of the Remit

    The inflation target will be confirmed in each Budget. There is a value in continuity and I will have proper regard to that. But I will also need to consider the case for a revised target at these times on its merits. Any changes to this remit will be set out in the Budget. The Budget will also contain a statement of the Government’s economic policy objectives.

  • HISTORIC PRESS RELEASE : Three key spending review themes benefit from new £4 million fund [June 2000]

    HISTORIC PRESS RELEASE : Three key spending review themes benefit from new £4 million fund [June 2000]

    The press release issued by HM Treasury on 2 June 2000.

    Three of the key areas covered by the Government’s Spending Review, social inclusion, productivity, and sustainability, will benefit from the first tranche of a new £4 million fund. The fund has been set up by the Treasury to ensure that the formulation of Government policy is adequately evidence based.

    The ” Evidence-Based Policy Fund” aims to strengthen links between Universities or Research Institutes and Government, through the financing of applied research on some of the Government’s priority topics. A secondary aim is to improve channels of communication between researchers and Government, stimulating appraisals of Government policies and enabling Government priorities to influence research agendas.

    The fund, to be administered by the Treasury, will operate in tranches. The first tranche will cover the following themes:

    • reducing child poverty and local deprivation; the role of mainstream public services
    • raising national productivity; the contribution of public services and other policies
    • development in rural areas; reconciling welfare and environmental objectives

    A second tranche with new themes will probably be launched in the Autumn.

    The intention is that the research will be funded to complement Departments’ specific analytical strategies. Preference will be given to proposals that span conventional Departmental boundaries.

  • PRESS RELEASE : Richard Hamilton reappointed as a Trustee of The Royal Parks [December 2022]

    PRESS RELEASE : Richard Hamilton reappointed as a Trustee of The Royal Parks [December 2022]

    The press release issued by the Department for Digital, Culture, Media and Sport on 22 December 2022.

    The Secretary of State has reappointed Richard Hamilton as a Trustee of The Royal Parks for four years, backdated from 3 April 2022 until 2 April 2026.

    Richard is Senior Vice President for ESG at State Street. He has been a member of The Royal Parks Board since 2018 where he chairs the investment committee and is a member of the audit and risk committee. Richard began his career at Barclays where he spent ten years, followed by eight years at KPMG and three in Private Equity.

    Following his MBA he worked in the U.K. government including as director of strategy in the Department for Business as well as holding leadership roles with Ordnance Survey, the British Council and at Clarence House. He has worked with a number of civil society organisations, including Business in the Community and English National Opera, and has supported DCMS as an independent panel member for public appointments. He is a member of the Advisory Board of the Queen Elizabeth II 9/11 Garden in New York.

    This reappointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The process is regulated by the Commissioner for Public Appointments. The Royal Park’s Trustees are not remunerated. The Government’s Governance Code requires that any significant political activity undertaken by an appointee in the last five years is declared. This is defined as holding office, public speaking, making a recordable donation or candidature for election. Richard Hamilton has not declared any significant political activity.

  • HISTORIC PRESS RELEASE : £1.7 Billion Boost For Britain´s Families [June 2000]

    HISTORIC PRESS RELEASE : £1.7 Billion Boost For Britain´s Families [June 2000]

    The press release issued by HM Treasury on 18 June 2000.

    5 million families in Britain are set to gain up to £442 a year off their tax bills next year, when the new Children’s Tax Credit comes into force.

    A national press and radio advertising campaign launched today by Paymaster General Dawn Primarolo alerts parents to the new Credit, and encourages them to claim it.

    Dawn Primarolo said:

    The Government’s ambition is that every child should have the best possible start in life. The new Children’s Tax Credit, which comes into force in April 2001, aims to get help and support to those taxpaying families who need it most. It will provide families with up to £442 a year off their tax bills, a £1.7 billion boost for Britain’s families.

    I would urge every parent – whether married or unmarried – with children under the age of 16 to look out for the information soon to be sent out by the Inland Revenue. There is also a Helpline – 0845 300 1036 – for anyone who has any queries.

    Building on the package of Government help already available – such as the Working Families Tax Credit, the National Minimum Wage and the recently announced £4.5 million worth of start-up grants for childminders – the new Credit is an important step in delivering a fairer tax system for families with children. It is part of the Government’s commitment to making work pay and giving children the best possible start in life.

  • HISTORIC PRESS RELEASE : Chancellor Gordon Brown calls for enterprise for all – New figures show differences in small business creation around the country [June 2000]

    HISTORIC PRESS RELEASE : Chancellor Gordon Brown calls for enterprise for all – New figures show differences in small business creation around the country [June 2000]

    The press release issued by HM Treasury on 23 June 2000.

    Enterprise for all in every region should be a reality, not a dream, said Chancellor Gordon Brown today, as he announced a new package of help for anyone in Britain wanting to start up in business.

    Speaking in Birmingham, the Chancellor set out the next stage of reform to equip Britain with the skills and knowledge needed to compete successfully in the modern global market place. He announced that making enterprise open to all will be a priority for the Government’s spending review, with:

    •  a major new package to make sure that anyone anywhere who seriously wants to start a business can get the advice and assistance they need; deprived areas will get extra help;
    • a new initiative aimed at getting more private sector investment to tackle the problems of our poorest communities, with an initial fund target of £20 million, including a matched contribution by Government;
    • a new drive to encourage enterprise in schools, with a call to all businesses to ‘Adopt a School’, particularly in disadvantaged areas.

    Speaking as figures published today show a sharp difference in business creation between different areas around the country, the Chancellor said:

    “Opportunity for all means a Britain where all have the opportunity not just to work, but to work their way up, to gain promotion, start a business, become self-employed, upgrade their skills, and rise as far as their talents and potential can take them; a Britain where there is not so much a narrow ladder of opportunity for the few, but a broad and expansive highway of opportunity for all.

    “When the most important resource of a firm or country is not its raw materials or favourable location, but the skills, talents and potential of its workforce, we need to develop the talents of the best people and get the best out of people. Only 16% of people in the UK think there are good opportunities to start a business, compared to 57% in the US. And figures published today show dramatic variations in business creation around the country. It is clear that the denial of opportunity has become a barrier to prosperity.

    “We cannot stress enough the importance of individuals making the most of their talents and contributing to their community around them. The Government’s aim is to help people help themselves.

    “That is why I can announce that in the spending review, we will make it possible for anyone anywhere who seriously wants to start a business to get a free package of advice, information and access to mentoring through the Small Business Service, worth up to £500. And in the high unemployment areas of the country, we will support intensive programmes of help worth up to £2000 for each business start-up. Our priority in the spending review will be to extend enterprise to all and finance new measures in the poorest areas.”

    The Chancellor outlined the barriers to getting private sector investment into deprived areas, and announced a new scheme to help overcome this: “I have asked the Social Investment Taskforce, led by Ronald Cohen of Apax Partners & Co, to plan a new social venturing initiative targeted at promoting investment in our low income areas. As a first step we have agreed to invest £10 million on a matching basis, making an initial target fund of £20 million.”

    The Chancellor stressed the need for a culture change, starting in our schools:

    “I want to see all schools encourage our young people to consider enterprise as a career, and we have begun to improve the national network that brings schools and businesses together. But I want to see more businesses get involved with their local schools, especially in disadvantaged areas. So today I urge all businesses throughout the country to ‘Adopt a School’ – by taking students on work experience and teachers on work placements, sending employees into schools to help run enterprise classes, or being business governors. By adopting a school, every business in the country will be helping to build the new enterprise culture that we all want to see.

    “Our mission is to make a reality of enterprise for all.”

    The Chancellor also announced that:

    “We will fund the new Regional Development Agencies to work on pilot projects with experts from the USA – learning from hands on experience of developing entrepreneurship in inner cities as part of urban renewal.

    “We will also sponsor – with the private sector – a survey of the 25 fastest growing firms in deprived areas, to show that there is real growth potential here. For too long, that has been neglected.”

    A table of VAT registration figures around the country is attached. These show a sharp regional and local divergence in small business creation, with VAT registration up to six times higher in richer than poorer areas.