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Inflation and construction contracts
The Bank of England announced at the beginning of February that CPI inflation is expected to hit 7.25% in April, which is at a level not...
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Happy first birthday, Kalifa Review. What progress made in UK fintech?
Against the backdrop of increasing digital finance adoption in the wake of the pandemic, Innovate Finance has published an open letter...
Building Safety: Government softens stance on funding fire safety remedial work
Despite the Government's strongly worded recent commitments to ensure that the construction industry contributes more towards the cost of...
Hybrid Working - Here to Stay
A survey of managers for the Chartered Institute of Management found that working from home for part of the week has become the norm for...
Artificial intelligence in financial services - challenges and risks
The FCA and Bank of England have published a report on the conclusions of the Artificial Intelligence Public-Private Forum's (AIPPF)...
The EU Artificial Intelligence Act - recent updates
The European Parliament’s Legal Affairs (JURI) Committee, one of the 20 standing committees made up of a number of Members of the...
Review of the UK funds regime: a call for input - summary of responses published
By Carly Phillips-Jones
Following its call for input on the UK funds regime back in January 2021, on 10 February 2022 HM Treasury...
JD Sports and Footasylum fined £4.7m for breaching CMA order
The UK Competition and Markets Authority (CMA) recently announced it had imposed £4.7m worth of fines on JD Sports and Footasylum...
FCA publishes statement on funeral plan provider applications
On 15th February, the FCA published a statement on funeral plan provider applications for authorisation. The statement reminds...
FCA publishes unfair contract terms guidance for Buy Now, Pay Later firms
On 14 February 2022, the FCA published a statement providing guidance for buy-now-pay-later (BNPL) firms in relation to their consumer...
Small Modular Reactors: The Next Generation of Nuclear Energy
Kwasi Kwarteng recently announced an additional £100 million of government funding to continue the development of the Sizewell C nuclear...
Positive growth outlook for the construction industry?
The Construction Products Association recently forecast positive growth regarding output in the construction industry (of 4.3%) for 2022....
Proposed amendments to the Commercial Rent (Coronavirus) Bill
The Commercial Rent (Coronavirus) Bill (the "Bill") is due to receive Royal Assent on 25 March 2022. When it does, a mandatory...
STOP PRESS: the Home Office scraps the Tier 1 (Investor) visa
The Times, the Financial Times and other media outlets have published articles on the Home Secretary's decision to end the Tier 1...
We are assisting in the journey to net zero, sometimes one contractual clause at a time
Supply chain clauses drafted by Isobel Annan, Tabitha Gould and Meryon Roderick - lawyers in Burges Salmon's Projects and Construction...
The Circular Economy - without getting this right the economy has a structural weakness - lessons for infrastructure
In an effort to achieve its net-zero targets the UK government has committed to end the sale of new petrol and diesel cars by 2030....
Evolving the best of framework procurement - ditching the rest
In this series of posts we offer practical observations to implement some of the recommendations from "Constructing the Gold Standard",...
The Pension Times Are A-Changin' - Key Pointers for M & A and Dividends Re TPR's new Powers
Here are some key pointers for employers and trustees where there is a defined benefit scheme and there is M & A activity or...
Responsibility for fire safety repairs- Government announces further measures
The Government has outlined new measures which are designed to put additional pressure on the construction industry to remove and replace...
Vissi d'amore, or is it VISA d'amore?
As life slowly returns to "normal" in the UK, I was excited to book tickets to go to the opera where I am transported to a romantic world...
New UK-EU financial services inquiry launched
Written by Carly Phillips-Jones
On 4 February 2022, the House of Lords European Affairs Committee published a press release announcing the...
Annual Contracts for Difference for Renewables
Yesterday the Government announced annual CfD rounds to support renewables in the coming years. This has been welcomed across the...
The elective care backlog - the Government's delivery plan is announced
Yesterday (8 February 2022) we heard the government set out its plans to tackle the long-standing backlog of elective care and to reduce...
Nature-based solutions for climate change - rhetoric or reality?
This is the title to the House of Lords Science and Technology Committee report that was published on 27 January 2022. It found that...
UK government launches International Data Transfer Expert Council to promote free flow of data
The Department for Digital, Culture, Media & Sport (“DCMS”) has announced the launch of the International Data Transfer Expert Council
FCA’s 2021 Financial Promotions data and a warning on using social media influencers
Written by Carly Phillips-Jones
On 3 February 2022, the FCA published a new webpage setting out its analysis of the financial promotions...
The Energy Digitalisation Taskforce’s six recommendations for a digitalised Net Zero energy system
The Energy Digitalisation Taskforce (EDiT for short) was formed last Spring and run by Energy Systems Catapult and stakeholders include...
Building Safety: Residential property developers squarely in the Government's sights for the cost of fire safety remedial works
On 10 January 2022 the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, confirmed the Government's intention...
Time to talk road pricing: Transport Select Committee
Road pricing schemes have been a subject of much debate historically in Great Britain and, despite periods of focussed interest, has...
What's the Wordle?
It's the game we've all been addicted to since Christmas; that daily word teaser to tickle the old grey matter - Wordle. Earlier this...
Levelling Up... implications for the Housing sector
Yesterday, Government’s long awaited “Levelling Up” White Paper was published discussing some of the geographical disparities and,...
Landscape Recovery scheme funding to protect native species and improve rivers - applications invited for first round
The Landscape Recovery scheme is the third component of the Environmental Land Management schemes. It focuses on the most radical...
Improving the UK's cyber resilience: DCMS consults on proposed reforms
In January 2022, the Department for Digital, Culture, Media & Sport (DCMS) announced the launch of two public consultations on...
Financing low carbon hydrogen - key features of fundable projects
Whilst many await the follow up to the UK government’s hydrogen strategy, there is a clear appetite across the energy, infrastructure and...
Electronic signatures - what is the best practice?
The Industry Working Group on Electronic Execution of Documents has published an interim report on the use of e-signatures....
Supreme Court says FSA is arbiter of whether meat is fit for human consumption
After a 7 year battle between the Food Standards Agency (FSA) and Cleveland Meat Company (CMC) (with the support of the Association of...
UK AI Standards Hub launched as part of UK AI strategy
The UK is to pilot an AI Standards Hub to "create practical tools for business, bring the UK's AI community together... and develop...
The value of the responsible business report
It is needless to say that there is probably a limited audience who fully reads a responsible business report cover to cover, yet they...
FCA publishes new webpage on determining competency of heads of compliance and MLRO candidates
Written by Carly Phillips-Jones.
On 28 January 2022, the FCA published a new webpage to help firms decide if an individual candidate...
National Cyber Strategy 2022 – the UK as a leading cyber power
In December, the Government published its new National Cyber Strategy (the Strategy) which follows the publication of the Government’s...
FCA’s clarification on SM&CR regulatory references
This post was written by Carly Phillips-Jones.
The FCA has clarified some key points relating to regulatory references within the Senior...
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