Starter Guide to UK Sanctions
The UK government’s starter guide outlines who must comply with sanctions, the types of measures—financial, trade, transport, immigration and director disqualification—and the reporting obligations for firms. It explains how designated persons and specified ships are identified, how asset freezes operate, and the need for due‑diligence and KYC checks. The guide also details licensing exceptions, the role of the Office of Financial Sanctions Implementation (OFSI), and where to report suspected breaches.
Corporate Report: HM Treasury Women in Finance Annual Review (March 2026)
The HM Treasury Women in Finance Annual Review for March 2026 shows signatories are advancing on their Charter commitments. In 2025, 71 % of participating firms either met or are on track to meet their targets for female representation in senior management....
Guidance: Women in Finance Charter
In 2015 a government‑commissioned review found women comprised only 14% of executive committees in UK financial services. The findings spurred HM Treasury to launch the Women in Finance Charter, now signed by over 400 firms representing roughly 1.1 million employees worldwide....
Guidance: Freedom of Information Act and Environmental Information Regulations Requests Privacy Notice
HM Treasury has published a Privacy Notice governing Freedom of Information Act and Environmental Information Regulations requests, linking it to the Treasury’s Personal Information Charter. The notice outlines data‑protection standards, DPO contact information, and how requesters can exercise their rights....
Transparency Data: HM Treasury Business Appointment Rules Advice, October to December 2025
HM Treasury has published transparency data covering business‑appointment advice given between October and December 2025. The dataset details guidance provided to former senior civil servants (SCS1 and SCS2) and equivalent special advisers on taking outside roles. It aims to document compliance...
Chancellor Sets Out Plan to Crackdown on Profiteering and Drive Britain's Energy Security
The Chancellor unveiled an anti‑profiteering framework giving the CMA new powers to curb price gouging, legislation to fast‑track nuclear projects by 2027, and a review of import tariffs to lower food costs. The package also extends the 5p fuel‑duty cut,...
Policy Paper: Cabinet Office and HM Treasury Small and Medium-Sized Enterprise (SME) Action Plan: 2025 to 2028
The UK Cabinet Office and HM Treasury have published a small and medium‑sized enterprise (SME) action plan covering April 2025 to March 2028. The policy aims to lower barriers for SMEs to win public‑sector contracts and to raise the share...
Policy Paper: Chancellor Meeting with Gilt-Edged Market Makers: Minutes - March 2026
On 23 March 2026 the Chancellor of the Exchequer and the Minister for Pensions convened a meeting with economists from the primary dealer firms that act as wholesale gilt‑edged market makers (GEMMs) at HM Treasury. The session focused on the participants’ views...
UK Government Commits up to £9m to Support Mossmorran's Future
The UK Government announced up to £9 million (approximately $11.5 million) to help secure the future of the Mossmorran ethylene plant site in Fife after its closure. The funding is contingent on viable investment proposals and the identification of commercial partners. A...
Corporate Report: Government Annuities Investment Fund Report & Accounts 2025
The UK Government Annuities Investment Fund (GAIF) released its 2025 Report & Accounts, a 30‑page, 332 KB PDF, formally laid before Parliament to satisfy a legislative reporting mandate. The document details the fund’s asset allocation, investment returns, and governance framework, confirming...
Corporate Report: Whole of Government Accounts 2024 to 2025: Guidance for Preparers
HM Treasury released comprehensive guidance for the Whole of Government Accounts (WGA) 2024‑25 on 29 May 2025, with the latest update on 20 March 2026. The package includes user‑guidance PDFs for central and local government, Excel mapping tools, template forms, and an annex of...
Scotland-France Ferry Link Moves Closer with £3 Million UK Government Commitment
The UK government has pledged £3 million from its Growth Mission Fund to upgrade Border Force and customs facilities at Rosyth port, paving the way for a direct ferry service to Dunkirk. The investment is contingent on a commercial agreement between...
Advance Corporation Tax Reform: Call for Evidence
HM Treasury has launched an open call for evidence on reforming the United Kingdom’s Advance Corporation Tax (ACT) regime. The government will repeal the restrictive ‘shadow ACT’ rules on 1 April 2026 and is consulting on a possible full phase‑out of the...
Guidance: Preston Guidance: February 2026
The UK government has published the February 2026 Preston guidance, delivering updated earnings and interest factors for employers to calculate pension reinstatement for part‑time staff. The guidance follows landmark European Court of Justice and House of Lords decisions that granted part‑timers...
Transparency Data: HMT Workforce Management Information: February 2026
HM Treasury has published its February 2026 internal workforce management data, detailing monthly staff headcounts and pay‑bill costs across the department and its agencies. The figures are presented for transparency but are not official statistics and have not been centrally...
Credit Union Common Bond Reform
The UK government plans to amend the credit‑union common‑bond rules across England, Scotland and Wales. The locality bond membership cap will rise from three to ten million, and new eligibility categories will include students, relatives outside the household, and retirees....
Official Statistics: Forecasts for the UK Economy: March 2026
The UK Treasury released its March 2026 edition of the monthly "Forecasts for the UK economy" comparison, collating short‑term and medium‑term projections from a selection of independent forecasters. The 19‑page PDF presents outlooks for 2025‑26 through 2029‑30, covering GDP, inflation, labour...
Guidance: Government Financial Reporting Manual: Application Guidance
HM Treasury’s Government Financial Reporting Manual offers detailed IFRS application guidance for public‑sector entities, supporting the preparation of central‑government annual accounts. The repository includes over twenty guidance documents covering IFRS 16 leases, IFRS 17 insurance contracts, IFRS 9 financial instruments, and sector‑specific topics...
Policy Paper: Fifth Trade Specialised Committee on Customs Cooperation and Rules of Origin Meeting Minutes
The fifth meeting of the UK‑EU Trade Specialised Committee on Customs Cooperation and Rules of Origin was held on 16 October 2025 and the minutes were published on 13 March 2026. Delegates reviewed progress on customs valuation, intellectual‑property enforcement, and the administration of rules...
Chancellor and Energy Secretary Meet with Fuel Bosses in No11 as Government Order Crackdown on Pump Prices
UK Chancellor Rachel Reeves and Energy Secretary Ed Miliband will meet petrol retailers and energy suppliers at Downing Street to demand fair pump prices. Reeves has instructed the Competition and Markets Authority to act against any excessive profit‑making on fuel...
Correspondence: Letter to the CMA on Vigilance for Unjustifiable Price Increases
The UK Chancellor publicly backed the Competition and Markets Authority (CMA) in its effort to curb unjustifiable price increases on road fuel and heating oil. She warned that companies exploiting the energy crisis for excess profits would face swift action,...
Policy Paper: Joint Statement: EU-UK Financial Regulatory Forum, March 2026
HM Treasury and the European Commission released a joint statement documenting the fifth EU‑UK Financial Regulatory Forum held on 11 March 2026. The forum, created under the 2023 UK‑EU Memorandum of Understanding on Financial Services Cooperation, focused on deepening regulatory alignment across...
Guidance: Consolidated Budgeting Guidance 2026 to 2027
On 12 March 2026, HM Treasury released the Consolidated Budgeting Guidance for fiscal years 2026‑27, detailing the budgeting framework that government departments must follow for expenditure control. The 203‑page document sets out new targets, reporting requirements, and risk‑adjusted allocation principles...
Policy Paper: HM Treasury Market Engagement Group
HM Treasury released a policy paper on 9 March 2026 announcing the Market Engagement Group (MEG), a senior‑level forum for financial market participants to advise the Chancellor on UK gilt, sterling and broader market issues. The Treasury invites applications until 5 April 2026, outlining...
Guidance: Good Practice Guide: TCFD Reporting
HM Treasury has released a Good Practice Guide for TCFD Reporting 2024‑25, a 32‑page PDF aimed at central government organisations preparing for mandatory climate disclosure requirements in 2025‑26. The guide offers practical examples across the four TCFD pillars—governance, strategy, risk...
Policy Paper: Treasury Minutes – March 2026
The UK Treasury released its March 2026 minutes on 5 March, providing a formal response to the Public Accounts Committee’s reports 57‑61 covering the 2024‑26 session. The 40‑page PDF, sized at 2.13 MB, details departmental actions and financial oversight outcomes. The document is published...
Research: UK Official Holdings of International Reserves: February 2026
The UK’s official international reserves rose in February 2026, reaching approximately £115 billion, driven primarily by gains in foreign‑currency assets. Gold holdings remained steady at around £10 billion, while IMF‑related assets showed a marginal increase. The reserve portfolio’s composition shifted slightly toward US‑dollar‑denominated...
Accredited Official Statistics: GDP Deflators at Market Prices, and Money GDP March 2026 (Spring Statement)
The Treasury published accredited official statistics on GDP deflators and money GDP on 3 March 2026. The dataset provides historical deflator outturns from the 1955‑56 financial year through 2024‑25, sourced from ONS series L8GG (financial years) and MNF2 (calendar years). Money GDP...
Independent Report: March 2026 Economic and Fiscal Outlook
The Office for Budget Responsibility (OBR) released its March 2026 Economic and Fiscal Outlook, updating its projections for the UK economy and public finances. It now forecasts real GDP growth of just 0.3% in 2026, accelerating to 1.2% in 2027, while...
Policy Paper: Debt Management Report 2026-27
The UK Treasury released its Debt Management Report for fiscal year 2026‑27, detailing the government’s financing requirements and the instruments to be used. The paper defines the remits of the Debt Management Office and National Savings & Investments, including cash‑management...
Guidance: Preston Guidance: January 2026
The UK Treasury has published the January 2026 Preston factors, comprising earnings and interest rates used by employers to reinstate part‑time workers into occupational pension schemes. The guidance follows landmark European Court of Justice and House of Lords decisions that granted...
Braddick to Take the Helm at the UK’s Banking Watchdog
Katharine Braddick has been appointed Deputy Governor for Prudential Regulation and Chief Executive of the PRA, effective 1 July, for a five‑year term. She moves from Barclays, where she served as Group Head of Strategic Policy, bringing rare private‑sector banking experience...
Transparency Data: Government Major Projects Portfolio – Accounting Officer Assessments Ministry of Justice
The Ministry of Justice (MOJ) has released a comprehensive set of accounting officer assessments for its programmes and projects within the Government Major Projects Portfolio (GMPP). The page lists more than 70 documents, ranging from prison construction and houseblock expansions...
Guidance: Using Digital Identities with the Money Laundering Regulations
HM Treasury and the Department for Science, Innovation and Technology have issued new guidance on using digital identities for Money Laundering Regulations (MLR) compliance. It specifies that only digital verification services listed on the GOV.UK Register and certified under the...
Policy Paper: Public Service Pensions Increase: 2026
The UK government released a policy paper on 26 February 2026 outlining the public service pension increase for the coming year. Pensions that have been in payment for a full year will rise by 3.8 % starting 6 April 2026, matching the September‑to‑September CPI rise....
Accredited Official Statistics: Public Spending Statistics Release: February 2026
On 26 February 2026, HM Treasury published the accredited official statistics public expenditure outturn for February 2026. The release includes detailed analyses of government spending across departments, functions, and economic categories, benchmarked against budget and expenditure‑on‑services frameworks. Accompanying Excel files...
Guidance: Money Laundering Advisory Notice: High Risk Third Countries
The UK Treasury’s Money Laundering Advisory Notice was updated on 26 February 2026 to reflect the latest FATF decisions on High‑Risk Third Countries (HRTC). The revision aligns the UK’s list with jurisdictions identified by FATF as having weak anti‑money‑laundering and terrorist‑financing controls....
Corporate Report: Statement of Excesses 2024-25
HM Treasury released the Statement of Excesses for the 2024‑25 financial year on 25 February 2026. The 16‑page document asks Parliament to approve any departmental outlays that exceeded the original estimates. It details spending that fell outside the plans set...
Guidance: OFSI General Licence INT/2024/4761108
On 28 May 2024 the Office of Financial Sanctions Implementation (OFSI) re‑issued General Licence INT/2024/4761108 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. The licence authorises individuals to use retail banking services of a designated credit or financial institution, provided any payments...
Policy Paper: Charter for Budget Responsibility: Autumn 2025
The UK government published an updated Charter for Budget Responsibility (Autumn 2025) on 26 January 2026, with a final version laid in Parliament on 23 February 2026. The revision makes small technical changes to operationalise the Budget 2025 pledge for an annual fiscal‑rules assessment, dovetailing with...
Business Rates Multipliers: Qualifying Retail, Hospitality or Leisure
From April 2026 the UK government will introduce two permanent business‑rates multipliers for retail, hospitality and leisure (RHL) properties with rateable values under £500,000, set 5 p lower than the national multipliers. The small‑business multiplier covers properties below £51,000 RV, while...
Treasury Launches Recruitment Campaign for Chair of the Office for Budget Responsibility
HM Treasury announced an open, competitive recruitment campaign to appoint a new Chair of the Office for Budget Responsibility (OBR). The Chair, who leads the Budget Responsibility Committee, will be selected by the Chancellor and must receive Treasury Committee consent....
Accredited Official Statistics: Public Sector Finances Bulletin
The Office for National Statistics (ONS) and HM Treasury have published the Public Sector Finances bulletin for January 2026, delivering the latest estimates of public‑sector net borrowing, net debt and the current budget deficit. The release includes a 51‑page PDF and...
Official Statistics: Forecasts for the UK Economy: February 2026
HM Treasury published its monthly "Forecasts for the UK economy" comparison on 18 February 2026. The 27‑page PDF presents short‑term forecasts for 2026‑27 and financial year 2025‑26/2026‑27, alongside medium‑term projections through 2030 and FY 2029‑30. The data reflect only the views of a selected...
Policy Paper: Applying the FSMA 2000 Model of Regulation to the Capital Requirements Regulation
HM Treasury’s 2025 policy update outlines a shift from the EU‑derived Capital Requirements Regulation to a UK‑specific framework built on the Financial Services and Markets Act 2000. The Treasury will revoke parts of the CRR and replace them with rules...
New Chief Economic Advisor to the Treasury Appointed
Professor Brian Bell has been appointed as the Treasury’s chief economic advisor, taking up the post on 9 March. He will serve as the principal adviser to Chancellor Rachel Reeves and Prime Minister on macro‑economics and fiscal policy, overseeing the department’s...
Consultation: The Appointed Representatives Regime
The UK government has opened a consultation to amend the Appointed Representatives (AR) regime, which lets non‑financial firms provide financial services without full authorisation. The move follows an August 2025 policy statement that flagged weak oversight of certain ARs and the...
Update on the Procurement for Digital Gilt Instrument (DIGIT) Pilot
The UK Treasury announced an update on the Digital Gilt Instrument (DIGIT) pilot, selecting HSBC’s Orion platform as the technology provider and Ashurst LLP for legal services. The competitive tender, launched in October 2025, aims to test distributed‑ledger technology for...
U.S.-UK Transatlantic Taskforce Hosts Industry Engagement in London
HM Treasury hosted U.S. Treasury officials and regulators in London on 26 January 2026 for senior‑level industry engagement of the Transatlantic Taskforce for Markets of the Future. The dialogue explored ways to tighten capital‑market links and coordinate on digital‑asset policy. The Taskforce,...
Corporate Report: Supplementary Estimates 2025-26
HM Treasury released the Supplementary Estimates for the 2025‑26 fiscal year, presented to the House of Commons on 10 February 2026. The documents request parliamentary authority for voted expenditure across all government departments, covering resources, capital projects and cash needs....
