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Global Scans · UK · Weekly Summary


WHAT'S NEXT?: Achieving Brexit will dominate the UK's agenda up to and beyond 2020 with uncertainty rife until clear decisions are made on the form of Great Britain's future relationship with the EU and the rest of the world.

  • [New] Ministers have the opportunity to unlock investment in three floating wind farms in 2024, in Scotland, north England and the Celtic Sea. The Guardian
  • [New] UK Team To Develop LH2 Fuel System A UK consortium has received funding to develop a liquid-hydrogen fuel system and supply chain to support multiple classes of zero-emission aircraft in the 2030s. Aviation Week | The Complete Archive
  • [New] UK and Scottish ministers have offered no hope of intervening to save the key refinery as it emerged North Sea revenues over two years are set to soar to £17.25bn. The Herald
  • [New] A £4 million funding boost from the UK for the TB REACH programme will help test new approaches to increase the number of people diagnosed and treated for the disease in low- and middle-income countries. GOV.UK
  • [New] Qualifying individuals will not pay tax on FIG arising in the first four tax years after becoming UK tax resident following a period of 10 tax years of non-UK tax residence. Global Compliance News
  • [New] The existing duty rates on road fuel gases, which are lower than the equivalent rates on diesel, will continue to 2032, giving the haulage industry greater certainty over future tax rates and supports the decarbonization of the UK transport sector. GOV.UK
  • [New] Google's soon-to-be-opened monster HQ in London's King's Cross is emblematic of the way the UK's red-carpet treatment for investors has profited US companies and offset the threat of an exodus after Brexit. The Guardian
  • [New] As part of the $8.8 billion (£7 billion) investment plan over the course of the next three years, British Airways will be spending millions to overhaul its remaining ground equipment at London Heathrow Airport, which still operates using conventional fuel. Simple Flying
  • [New] The UK government will enhance its own digital development capability to keep up with the pace of technological change, to be forward-looking and anticipate emergent benefits and risks of digital transformation. GOV.UK
  • [New] Australia and the UK eventually plan to build and operate a new class of submarine to be called SSN-Aukus. The Guardian
  • [New] ASC will, in time, develop robust industry partnerships with UK and US businesses to gain the technical skills, know-how and capacity to sustain nuclear-powered submarines. CONTACT magazine
  • [New] ASC will build its sustainment capability for SSNs, including through partnering opportunities with UK and US industry. CONTACT magazine
  • [New] Gains will only be realized if the UK government ensures that its overall program for AI adoption is supported by a realistic plan to tackle its ageing IT systems, which addresses skills gaps and improves overall data quality. phys.org
  • [New] England and Wales could end up lagging behind when it comes to water pollution, as other parts of the UK will adopt extra regulations on micropollutants. The Guardian
  • [New] The merger with Vodafone will enable the investment of £11bn in the UK over 10 years to create one of Europe's most advanced standalone 5G networks in full support of Government targets. TelecomTV
  • [New] Worldpay, the global paytech, has published the findings from its Global Payments Report 2024, revealing that digital wallets are expected to comprise half of all e-commerce spending in the UK, worth £203.5 billion, by 2027. The Fintech Times
  • [New] The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027. FinExtra
  • [New] The long term health of Scotland's children is at risk due to the NHS waiting times crisis, a new report has revealed, with sick youngsters facing waits more than 100% higher than a decade ago. Scotland Matters
  • [New] As cooperation progresses, the Japanese companies involved - such as Mitsubishi Heavy Industries and its suppliers - could well invest further in the UK and Italy to strengthen their support structures, supply chains and R&D capabilities. Intralink
  • [New] Labour plans to lift the ban on onshore wind farms to install several thousand more turbines on uplands across Great Britain, as well as turning an area of countryside bigger than Middlesex into solar farms. The Telegraph
  • [New] All individuals becoming UK resident after at least ten tax years of non-UK residence will be eligible for the special tax regime, regardless of their domicile. CRS

Last updated: 26 March 2024



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