UK National Security and Investment Act 2021: what do investors need to know?

The post below was first published on our Competition blog On 4 January 2022 the UK National Security and Investment (NSI) Act enters into force, introducing a new foreign direct investment (FDI) regime with standalone powers for the review of FDI in the UK. The new regime replaces the existing public interest merger regime provisions … Read more

Global energy crisis explainer: Why it can’t be put on the backburner (podcast)

In this podcast, Paul Butcher, our Director of Public Policy, looks at: the unprecedented nature of the current situation for natural gas, coal and electricity the consequences we are seeing for industry and consumers what caused the crisis, including: the ‘series of unfortunate events’ the surprising consequences of the pandemic and new ways of working … Read more

UK’S ENERGY SUPPLY MARKET – BRIEF EXPLAINER OF THE ROLE OF THE DEFAULT TARIFF CAP AS OFGEM ANNOUNCES NEW ACTIONS IN RESPONSE TO THE ENERGY CRISIS

There is an ongoing global energy crisis with record prices for natural gas, coal and electricity. One aspect specific to the UK, including in relation to the large number of electricity suppliers that have ceased trading this year (21 as of the date of this briefing), is the default tariff cap introduced in 2019. Also … Read more

UK’S ENERGY SUPPLY MARKET – BRIEF EXPLAINER OF THE ROLE OF THE SUPPLIER OF LAST RESORT AS OFGEM ANNOUNCES NEW ACTIONS IN RESPONSE TO THE ENERGY CRISIS

There is an ongoing global energy crisis with record prices for natural gas, coal and electricity. One aspect specific to the UK, particularly for the large number of energy suppliers that have ceased trading this year (21 as of the date of this briefing), is the supplier of last resort mechanism that has kicked in. … Read more

Autumn Budget 2021 – RPDT, business rates and online sales tax

The post below was first published on our Real Estate Development Blog The Chancellor of the Exchequer, Rishi Sunak, delivered his third Budget this week. Many of his announcements confirmed previously announced measures, but added crucial detail, such as the rate and allowance applying to the new Residential Property Developer Tax (RPDT). Our Tax team … Read more