Category: taxpayer
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‘Minority Report’ tech start-up faces debt crunch after taking millions from taxpayer
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Ultraleap hand tracking technology And Bristol Start developing hand tracking technology Similar to what we saw in Tom Cruise’s sci-fi movie, Minority Report is facing a debt crisis after taking millions in taxpayer funding. Ultraleap, which has received funding from British Patient Capital, is seeking a fresh cash injection and…
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Public sector suppliers shift NI and wage hikes onto the taxpayer
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Higher National Insurance costs and higher wage bills are being paid by major government contractors to the Treasury, raising concerns about the ultimate burden on taxpayers. Cleaning and facilities management groups such as Churchill Group and Mitty, along with construction giant Mace, are among those negotiating with Whitehall to pass…
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Public sector suppliers shift NI and wage hikes onto the taxpayer
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Higher National Insurance costs and higher wage bills are being paid by major government contractors to the Treasury, raising concerns about the ultimate burden on taxpayers. Cleaning and facilities management groups such as Churchill Group and Mitty, along with construction giant Mace, are among those negotiating with Whitehall to pass…
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Octopus Energy to Repay £3bn Taxpayer Support for Bulb Rescue
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Octopus Energy has announced it will pay back almost the full cost of government subsidies for its acquisition of failed energy provider Bulb. The move ensures that taxpayers will get back almost the full amount of the bailout. Octopus acquired Bulb, which collapsed in 2021 due to unsustainable losses caused…