Government subsidies must become more transparent
Victoria Hewson writes for CapX
“the bill would probably only require a small proportion of subsidies to be published, as those worth less than £315,000 (over three years to a single recipient) or £500,000 if paid out under a pre-published scheme, do not have to be included in the subsidies database that the Government has set up. These are higher amounts than the EU’s transparency thresholds and in practice could allow £4 billion of subsidies to escape disclosure every year.”
Read the full article here.