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UK firms ‘excluded’ from space contracts by Brexit

Posted by & filed under Warren Fyfe.

Image copyright European Space Agency UK aerospace firms have said they are being excluded from bidding for space contracts because of the Brexit vote. Contracts for the European navigation satellite system, Galileo, were being particularly affected, Simon Henley of the Royal Aeronautical Society said. Aircraft manufacturer Airbus warned that other countries were “knocking at the [...]

National Lottery players could win £10,000 a month for life

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Image copyright Getty Images Camelot, the operator of the National Lottery, is planning to introduce a new game which offers winners a monthly income for the rest of their lives. Instead of winning a lump sum, those taking part could win as much as £10,000 a month, providing them with a lifetime annuity. Camelot said [...]

NHS overcharged by millions for key drug, says watchdog

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Media captionDr Mark Vanderpump told the BBC patients were seeing liothyronine sold for £5 in other European cities Drug company Concordia overcharged the NHS by millions for a key thyroid treatment, the Competition and Markets Authority has provisionally found. The CMA said that last year the NHS spent £34m on its drug, liothyronine, up from [...]

Budget 2017: Plans to build 300,000 homes a year

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Media caption“It is not acceptable to us that so many fewer young Britons are able to own a home” Philip Hammond says next week’s Budget will set out how the government will build 300,000 new homes a year. But the chancellor said there was no “single magic bullet” to increase housing supply and the government [...]

Hammond: Driverless cars will be on UK roads by 2021

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Image copyright Getty Images Image caption Critics say the tech behind driverless cars still needs a lot of work Driverless cars could be on UK roads within four years under government plans to invest in the sector. Chancellor Philip Hammond told the BBC the objective was to have “fully driverless cars” without a safety attendant [...]

Budget 2017: Issues for the young

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Image copyright Getty Images More young people are voting than at any time in the last quarter of a century. But that resurgence is favouring the Labour Party. Just two years ago, the split in support between Labour and the Conservatives among 18 to 29-year-olds was fairly even, 36% to 32%. But in June’s general [...]

Budget 2017: Tax on takeaway boxes to be considered

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Image copyright Getty Images A tax on takeaway boxes is to be considered in an attempt to tackle the problem of plastic waste. In Wednesday’s Budget, Chancellor Philip Hammond is expected to call for evidence on whether a tax on the use of the most environmentally damaging single-use plastics would help. Single-use plastics include packaging, [...]

Budget 2017: Double Budget effect on your finances

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Image copyright Getty Images Two Budgets in one year means the prospect of significant upheaval for your finances – adding to changes we already know about. Chancellor Philip Hammond will probably want his sequel to be less dramatic in political terms than his March Budget. Previous Budgets and government policy mean we need not wait [...]

Budget 2017: Chancellor Philip Hammond ‘to target housing and NHS’

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Media captionStephen Hammond: Money in Budget ‘for housing and health’ Chancellor Philip Hammond plans to use “headroom” in the public finances to target spending on housing and health, a close friend has told the BBC. Stephen Hammond – a former transport minister – said the chancellor wants to use next Wednesday’s Budget to “attack problems” [...]

Norway’s state fund ‘needs to drop oil and gas investments’

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Image copyright Getty Images Norway’s government has been told its state-run fund should drop its investments in oil and gas stocks. Norges Bank manages Norway’s $1 trillion (£758bn) sovereign wealth fund on behalf of the government. It said the step would make the country “less vulnerable to a permanent drop in oil and gas prices”, [...]