BusinessGovernmentTechnology

UK Government May Soften Supplier Payment Regulations Following Industry Pressure

The UK government is reportedly reconsidering stringent payment regulations for large businesses following significant industry pushback. Proposed rules aimed at protecting small suppliers from late payments face potential dilution after corporate lobbying efforts.

Policy Reversal Under Consideration

The UK government is reportedly considering scaling back planned legislation that would shorten payment times for small suppliers, according to sources familiar with the matter. This potential policy shift comes after extensive lobbying from large corporations, which have warned that stricter payment terms could squeeze their cash flow and hamper economic investment.

BusinessSecurityTechnology

UK Government Faces Scrutiny Over £1.7 Billion Cloud Dependency Following AWS Outage

The UK government holds £1.7 billion in contracts with Amazon Web Services, according to procurement data. This dependency faces renewed scrutiny following a major cloud outage that affected thousands of businesses globally and highlighted regulatory concerns about concentration risk.

Substantial Government Cloud Investment

The UK government has committed approximately £1.7 billion to Amazon Web Services through 189 contracts since 2016, according to analysis compiled by public procurement intelligence firm Tussell. Sources indicate that AWS has invoiced around £1.4 billion during this period, revealing significant financial exposure to the cloud provider.

BusinessEconomyPolicy

Northern Ireland’s Voluntary Sector Faces Crisis Over Post-Brexit Funding Gap

Northern Ireland’s community sector faces a potential crisis as post-Brexit funding streams approach expiration. According to reports, 24,000 vulnerable people could lose essential support and 650 workers may face redundancy without government clarification on replacement funding.

Funding Uncertainty Threatens Northern Ireland’s Social Safety Net

The Northern Ireland Council for Voluntary Action (NICVA) has issued a stark warning about the potential collapse of vital community services as a major post-Brexit funding program nears its expiration. According to the organization’s analysis, the impending termination of the UK Shared Prosperity Fund (UKSPF) in March could jeopardize support for approximately 24,000 vulnerable individuals and put hundreds of jobs at risk throughout the voluntary sector.