Guidance: Preston Guidance: March 2026
The UK Treasury has published the March 2026 Preston guidance, releasing updated earnings and interest factors that employers must use to calculate pension reinstatement for part‑time workers. The guidance stems from 2000‑2001 European Court of Justice and House of Lords decisions that granted part‑timers retrospective access to occupational pension schemes. Alongside the Preston factors, an Employee NICs rebate spreadsheet for March 2026 is also available. The documents aim to ensure that reinstated pension service is priced at an actuarially fair level, preserving parity with contributions that would have been made originally.
Policy Paper: U.S. – UK Financial Regulatory Working Group Winter 2026: Joint Statement
The U.S. Treasury and Britain’s HM Treasury released a joint statement summarizing the 12th meeting of the U.S.–UK Financial Regulatory Working Group held on February 25, 2026. The officials highlighted coordinated actions on crypto oversight, climate‑related financial disclosures, cyber‑risk monitoring,...
Britain’s Innovators Backed with Around £100m of New Investment
The UK government has launched a £100 million (≈ $127 million) annual investment boost by expanding the Enterprise Management Incentives (EMI) scheme and doubling limits for the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT). The reforms quadruple EMI’s asset ceiling to...
Research: UK Official Holdings of International Reserves: March 2026
The UK’s March 2026 statistical release shows official international reserves totaling £115.5 billion (approximately $148 billion), a 1.2% increase from the previous month. Gold holdings rose to 310 tonnes, valued at roughly $5.5 billion, while foreign‑currency assets grew on the back of higher US‑dollar positions....
Guidance: Financial Reporting Advisory Board Terms of Reference
The Financial Reporting Advisory Board (FRAB) released an updated set of Terms of Reference on 2 April 2026, following its March meeting. The document, originally published in 2013, defines FRAB’s mandate to guide the UK government’s financial reporting framework that underpins public...
Guidance: Treasury Approvals Process for Projects and Programmes
HM Treasury’s updated Guidance on the Treasury Approvals Process, refreshed in April 2026, consolidates project scrutiny into a single integrated approval point and adds new requirements for mega‑project transparency. The revision mandates early Treasury sign‑off on Strategic Outline Cases for high‑value...
Guidance: OFSI General Licence INT/2022/2300292
The Office of Financial Sanctions Implementation (OFSI) issued General Licence INT/2022/2300292 to authorize utility‑related payments that would otherwise breach UK sanctions. Since its debut in November 2022, the licence has been amended several times, most recently on 31 March 2026 to permit all forms...
Accredited Official Statistics: GDP Deflators at Market Prices, and Money GDP March 2026 (Quarterly National Accounts)
The Treasury released the latest official GDP deflator series on 31 March 2026, covering historical index data from 1955‑56 through 2024‑25 and OBR‑forecasted values through 2030‑31. The deflator figures are drawn from ONS series L8GG (financial years) and MNF2 (calendar years), with...
Fuel Finder Now Helping Drivers Shop Around for the Best Deals
The UK government’s Fuel Finder scheme has been integrated into seven leading apps and websites, giving drivers near‑real‑time access to pump prices across the country. By aggregating data from retailers, the service lets motorists compare stations with a tap, potentially...
Guidance: Supply Estimates Guidance Manual
The UK Treasury released a 2026 edition of its "Supply Estimates: a guidance manual," updating the original 2011 version. The revision incorporates current parliamentary practices, spending limits, and procedures agreed with Parliament and the National Audit Office, while removing outdated...
Guidance: OFSI General Licence INT/2023/2824812
On 27 March 2026, the UK Office of Financial Sanctions Implementation (OFSI) announced the extension of General Licence INT/2023/2824812 until 26 March 2028. The licence, first issued on 28 March 2023 and previously extended in March 2025, authorises non‑designated persons to engage in bond restructuring activities that...
Challenging the Government to Sell Land or Property
Independent estimates show the public sector controls roughly 40% of developable sites and 27% of brownfield land suitable for housing. The UK government's Right to Contest scheme allows businesses, local authorities and the public to challenge the continued ownership of...
Policy Paper: Mortgage Charter 2026
The UK Mortgage Charter 2026 sets new lender standards to give borrowers short‑term payment flexibility as mortgage rates climb. The government, acknowledging concerns from families and businesses, convened a meeting with lenders representing 75% of the market and UK Finance....
Transparency Data: CCP Resolution Liaison Panel Minutes 2025
The Treasury released minutes from the CCP Resolution Liaison Panel (RLP), a body created under paragraph 10 of Schedule 11 to the Financial Services & Markets Act 2023. The RLP advises the Treasury on how the new CCP resolution regime affects clearing houses,...
Guidance: Strategy and Delivery Plan Guidance: Mega Projects
The UK government has issued new guidance requiring Senior Responsible Owners and Accounting Officers to develop, approve, and publish a Strategy and Delivery Plan (SDP) for any project designated as a Mega Project. The SDP framework aligns with the Treasury’s...
