The dull Berkshire town that’s become a laundromat for the world’s dirty cash
Hawaiian shirts and suitcases stuffed with cash are a rare sight on the sleepy streets of Wokingham. But this leafy Berkshire town has been revealed as an unlikely hotspot for suspicious money channelled into the UK from global tax havens. Nearly £6bn of untracked funds have been funnelled through companies registered in British Overseas Territories […]
Starmer pledges £200m to offshore wind companies
Keir Starmer, the leader of the Labour Party, has announced plans to allocate up to £200 million to offshore wind companies for the construction of factories in traditional oil and gas regions. This initiative will be unveiled at the COP29 climate change summit, where Starmer aims to emphasize the UK’s commitment to clean energy transition. […]
Ed Miliband’s 2030 net zero target ‘not feasible’, says top RWE windfarm executive
Ed Miliband’s plan to achieve a net-zero energy grid by 2030 has been met with skepticism from Adam Ezzamel, who heads offshore wind development at RWE, one of the UK’s leading renewable operators. Ezzamel warned that the ambitious target set by the Energy Secretary is not feasible and could lead to a surge in energy […]
Savers ship cash abroad to escape Reeves’s tax raid
Savers are increasingly looking to move their money overseas in order to avoid the punitive tax changes introduced by Chancellor Rachel Reeves, according to leading wealth managers Quilter Cheviot and Waverton. One popular method being utilized by savers is the use of offshore bonds, which allow for the growth of investments without immediate capital gains […]
Migrants in Albanian offshore camp must be returned to Italy, court rules in blow to scheme
Italy’s Migration Policy Shifts Towards Albania and Georgia Italy’s migration policy is undergoing a significant shift, with a focus on cooperation with Albania and Georgia. The leader of the right-wing Brothers of Italy party, Giorgia Meloni, has been vocal about the need to address the influx of migrants from North Africa and the Middle East. […]
Home Secretary opens door to Albanian-style asylum deal
Yvette Cooper, the Home Secretary, has hinted at the possibility of striking an Albania-style deal with another country to process UK asylum claims offshore. This comes in the wake of Italy’s plan to send migrants to Albania for processing, a scheme that allows successful claimants to come to the UK, unlike the Tories’ Rwanda scheme, […]
EU to discuss Rwanda-style asylum centres across Europe
The European Union is set to discuss the possibility of creating Rwanda-style asylum centers across Europe, in an effort to address the ongoing refugee crisis. This proposal has sparked a heated debate among EU member states, with some welcoming the idea as a practical solution, while others have raised concerns about the human rights implications. […]
EU to explore setting up offshore deportation centres for failed asylum seekers
The European Union is considering exploring the idea of setting up migrant processing centers similar to those in Rwanda, according to European Commission President Ursula von der Leyen. This move comes as the EU seeks to address the ongoing migrant crisis and find solutions to alleviate the burden on member states. Von der Leyen made […]
Floating offshore wind farms risk destroying Scottish fishing, industry leader warns
The impact of floating offshore wind farms on the Scottish fishing industry has been a topic of controversy in recent years. With the rise of renewable energy projects, such as wind farms, there is concern that these developments could have adverse effects on the livelihoods of fishermen in the area. According to a report by […]
Energy giant abandons ‘blue hydrogen’ plans
Norwegian energy giant Equinor has recently announced the abandonment of its plans to produce blue hydrogen due to high costs and insufficient demand. This decision has raised concerns about Equinor’s involvement in hydrogen projects in the UK. The company had initially planned to generate low-carbon hydrogen from natural gas, also known as blue hydrogen, in […]