The news agenda: key stories ICYMI

28 Mar 23

The news agenda moves fast. Stay on top of some key stories from around the sector, including on pay, the UK Infrastructure Bank and the SNP leadership.


Image © Shutterstock


Health secretary: government to ‘fully fund’ NHS pay offer

Steve Barclay confirmed he is working with the Treasury to “fully fund” the NHS pay offer for 2023-24, as unions ballot members for strike action.

NHS bodies say footing the bill would mean service cuts, with budgets squeezed by inflation.

The arrangements will include “additional funding and reprioritising existing budgets”.

Council proposes £50m studio loan

Ashford Borough Council is considering loaning a subsidiary of media giant ABC £50m to develop a derelict railway into a film studio.

The investment could boost employment, and would provide £400,000 a year from interest.

The authority already secured £14.7m from the Levelling Up Fund for the project.

UK Infrastructure Bank made permanent

The UK Infrastructure Bank Act becoming law confirmed the climate change and regional development lender’s role.

‘Infrastructure’ now includes nature-based, not only technological, projects.

UKIB opened its Leeds headquarters in June 2021, and has invested £1.2bn, and ‘unlocked’ £5bn in private capital, supporting 4,500 jobs around the UK.

Yousaf promises reform in victory speech

Upon being named SNP leader, Humza Yousaf promised to protect Scots from the cost-of-living crisis and improve life chances.

He said he will reform the NHS, extend childcare, boost rural housing, reform the justice system and support business and innovation, and committed to achieving Scottish independence and rejoining the EU.


  • Oliver Rudgewick and Calum Rutter

    Oliver is a reporter and Calum is assistant editor at Public Finance

Did you enjoy this article?