and today the government published legislation that will establish the game s first independent regulator. we have seen 64 administrations since the premier league was formed in 1992. today this bill is about making sure we bring financial resilience and stability back into football so we don t see these clubs go under. this comesjust days after the premier league failed to agree a proposed £900 million funding deal that would have seen it shed more with clubs like this, leyton orient, of league 1. i was hugely disappointed. the government has been very clear from the outset on these discussions that if football did not come to a deal, the regulator would be able to in the bill that we were going to bring forward. as well as the power to impose a financial settlement on the game and to block clubs joining breakaway leagues, the regulator will be able to issue club licenses linked to financial security and fan power on key decisions. fine clubs up to 10% of their annual turno
faced various crises in recent years. and today, the government published legislation that will establish the game s first independent regulator. we the game s first independent reaulator. ~ . the game s first independent regulator- regulator. we have seen 64 administrations regulator. we have seen 64 administrations into - regulator. we have seen 64 administrations into the - administrations into the premier league formed in 1992. today, this bill makes sure it will bring financial resilience and stability back into football so we don t see those clubs go under. it football so we don t see those clubs go under. clubs go under. it comes ust da s clubs go under. it comes ust days aflerfi clubs go under. it comes ust days after the i clubs go under. it comes ust days after the premier h clubs go under. it comesjust| days after the premier league failed to agree a proposed £900 million funding deal that would have seen it share more with clubs like this, leyton orient
joining breakaway league, the regulator can issue club licenses linked to financial security and fan power on key decisions, fine clubs up to 10% of annual turnover for noncompliance, and implement a tougher owners and directors test. 2017, the club was almost in liquidation. since then, bury have had to go through what they went through, the financial difficulties reading are going through. when you look at it from the outside in, there is definitely a concern and we want robust measures in place to protect football clubs. this constitutes the most significant reform to the way the game is run in england for a generation. but the premier league has said it s concerned about any unintended consequences that could weaken the competitiveness or appeal of the game here. the premier league reiterated it distributes £1.5 billion over three years to all levels of the game. some campaigners say the legislation hasn t gone far enough, but the football league welcomed it. the gulf be
and today, the government published legislation that will establish the game s first independent regulator. we ve seen 64 administrations since the premier league was formed in 1992. today, this bill is about making sure that we bring financial resilience and stability back into football so we don t see those clubs go under. this comes just days after the premier league failed to agree a proposed £900 million funding deal that would have seen its share more with clubs like this leyton orient of league one. so i was hugely disappointed. the government has been very clear from the outset in these discussions that if football didn t come to a deal, the regulator would be able to in the bill that we were going to be bringing forward. as well as the power to impose a financial settlement on the game and to block clubs joining breakaway leagues. the regulator will be able to issue club licences linked to financial security and fan power on key decisions. fine clubs, up to 10% of t
the government s finance department to make it support economic growth. but the government s chief secretary to the treasury laura trott says labour are offering no plan just more borrowing and more taxes . so what are the priorities for british businesses? joining me now live is the chief economist of the confederation for british industry. what does the cbi and its members need to hear from a prospective chancellor back? often the criticism of not enough detail. what would you like to hear? what businesses would like to hear? what businesses would like to hear is a long term vision and strategy for how to deliver economic growth in the uk, and we know our challenges of growth in the last couple of years has been lacklustre and in terms of living standards we have not seen the growth and productivity that we need so what is the answer to that? it is absolutely how business works with government to make sure we have a business investment going across all sectors and