Tag: HM Treasury

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.

by Darren Holt
BusinessPolicy

Betfred Warns of Potential UK Shop Closures Amid Gambling Tax Review

British bookmaker Betfred has issued a stark warning that potential tax increases in the upcoming budget could force the closure of its entire UK retail network. The company claims that 7,500 jobs are at risk as the Treasury considers raising levies on the gambling industry.

Gambling Giant Issues Closure Warning

British betting company Betfred has reportedly threatened to close all of its 1,300 high street shops if the government proceeds with planned tax increases on the gambling industry. According to reports, the company has written to Chancellor Rachel Reeves and Culture Secretary Lisa Nandy warning that tax hikes would render their retail operations financially unviable.

by Oliver Keaton