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On 20 May 2021, the UK government published a consultation paper in which it set out its proposals to revise the current regime for insolvent insurers (excluding Lloyd’s underwriters)....
Photo: Government Finance Function In the spotlight: Treasury’s public spending chief Cat Little on how Covid changed the finance ministry – and ministerial red boxes 23 Feb 2021 After an extraordinary year, Cat Little reflects on how the Treasury and government finance function met the pressures of a pandemic with innovation Cat Little was not planning to run a Spending Review from her house. The Treasury’s director general of public spending found out she was going to move from her previous role as chief finance officer at the Ministry of Defence in December 2019, with her sta...
More than a dozen MPs and over 100 event industry executives have signed a letter to the chancellor of the exchequer Rishi Sunak, copying in prime minister Boris Johnson, calling for him to implement a Government-backed insurance scheme for festival, live music and events or face them disappearing from our fields and cities for good. The letter, written by DCMS Committee chair Julian Knight MP, follows the 5 January opening hearing of the Committee’s inquiry into the future of UK music festivals, during which festival operators emphasised the urgent need for Government support. At a cruci...
Calls for insurance scheme intensify in industry letter Thursday, 7 January 2021 A number of MPs and live event specialists have signed an open letter to Rishi Sunak in a bid to save summer events and more (Photo: Hanny Naibaho) UK - The live events industry has launched a fresh appeal for a government-backed COVID-19 insurance scheme with a letter signed by 120 sector representatives and MPs. In the letter, written by the chair of the DCMS committee Julian Knight and addressed to the chancellor Rishi Sunak, the sector - which has largely been shut down since March 2020 - warns that “[w]...