A Leicestershire businessman has won a top university accolade that celebrates the long-term achievements of outstanding alumni.
Dr Nik Kotecha OBE, chairman of Morningside Pharmaceuticals and the Randal Charitable Foundation, has won the Distinguished Alumni Award at Imperial College London’s Alumni Awards 2022.
The annual awards honour outstanding alumni who have demonstrated sustained excellence in their personal and professional achievements, and are leaders in their field or have made a substantial impact on society.
Dr Kotecha, who is the founder of Loughborough based Morningside, which manufactures and supplies generic and branded medicines to the UK and globally, said: “I’m thrilled to be honoured by the university in this way.
“As a child growing up in Leicester my family had very little, but I was fortunate to be given opportunities to gain a good education. After finishing my degree in Newcastle; Professor Steve Ley FRS at Imperial College took a chance in accepting me into his eminent group and this really was the opportunity I needed to forge a career.
“Over three decades later, it’s truly humbling to be recognised for my entrepreneurial journey, which was only made possible by the help and support I received to gain a good education along the way.”
Dr Kotecha did his PhD in Medicinal Chemistry under the supervision of Professor Steve Ley at Imperial College, before moving to work at the University of Cambridge.
After leaving academics, Dr Kotecha founded Morningside in 1991. Today the business exports to more than 120 countries since inception and has 240 generic and branded licensed medicines in the UK and EU. In the UK it distributes its pharmaceutical products twice daily nationwide, so they are available when doctors and their patients need them.
Nicola Pogson, director of Alumni Relations, Imperial College London, said: “We are delighted to acknowledge the many achievements and positive impact on society of Imperial alumnus Dr Nik Kotecha OBE, an exemplary role model for our community and joint winner of the Distinguished Alumni Award 2022.”
As well as being a successful entrepreneur, Dr Kotecha also has a passion to give back and has been recognised through this award for his work to support communities in the Midlands and nationally. He is currently a board member for the LLEP and Midlands Engine Council, co-chair of the Loughborough Town Deal Board, board member for the Centre for Social Justice (CSJ), a CBI Regional Councillor and a Department for International Trade Export Champion.
Dr Kotecha’s most recent achievements have centred around the Randal Charitable Foundation, which he founded with his wife in 2017. By providing grant funding, the Foundation has already saved over 145,000 lives with an aspiration to save 1 million people in the UK and globally.
Jaishankar, who is currently in Europe a month after India launched Operation Sindoor, said Pakistan was training 'thousands' of terrorists 'in the open' and 'unleashing' them on India. (Photo: Getty Images)
INDIA's external affairs minister S Jaishankar has said India would strike deep into Pakistan if provoked by terrorist attacks, and warned of retribution against terrorist organisations and their leaders in response to incidents like the Pahalgam attack.
Speaking to Politico on Monday, Jaishankar, who is currently in Europe a month after India launched Operation Sindoor, said Pakistan was training “thousands” of terrorists “in the open” and “unleashing” them on India.
“We are not going to live with it. So our message to them is that if you continue to do the kind of barbaric acts which they did in April, then there is going to be retribution, and that retribution will be against the terrorist organisations and the terrorist leadership,” he said.
“We don't care where they are. If they are deep in Pakistan, we will go deep into Pakistan,” he added.
Tensions between India and Pakistan rose after the April 22 terror attack in Pahalgam that killed 26 people. India responded with precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir on May 7.
The hostilities lasted four days and ended on May 10 following talks between the directors general of military operations.
Causes and consequences
Jaishankar said the root causes of the conflict remain.
“It (Pakistan) is a country very steeped in its use of terrorism as an instrument of state policy. That is the whole issue,” he told Politico.
Asked if the conditions that led to last month’s war-like situation still existed, he said, “If you call the commitment to terrorism a source of tension, absolutely, it is.”
On losses, he said relevant authorities would communicate details when ready.
Jaishankar said India’s fighter aircraft and missiles inflicted greater damage on the Pakistani Air Force than the other way around, and that this forced Pakistan to seek peace.
“As far I'm concerned, how effective the Rafale was or frankly, how effective other systems were — to me the proof of the pudding are the destroyed and disabled airfields on the Pakistani side,” he said.
“The fighting stopped on the 10th for one reason and one reason only, which was that on the 10th morning, we hit these eight Pakistani, the main eight Pakistani airfields and disabled them,” he added, noting that satellite images are available on Google showing damaged runways and hangars.
Jaishankar is on a week-long visit to Europe, during which he will meet leaders in the European Union, Belgium and France to strengthen bilateral ties and reiterate India’s zero-tolerance policy on terrorism.
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Reeves said the government would focus investment on security, health, and the economy 'so working people all over our country are better off.'
THE GOVERNMENT is set to announce its medium-term spending and investment plans on Wednesday, with significant increases expected for defence and healthcare, alongside reductions in other areas.
Chancellor Rachel Reeves will present the spending review to parliament, outlining the government’s fiscal strategy aimed at boosting growth. This comes amid concerns about potential economic pressures from a possible return of Donald Trump to the US presidency and his proposed tariffs.
Reeves said the government would focus investment on security, health and the economy “so working people all over our country are better off.” She also said she would “invest in Britain’s renewal.”
Funding boosts are expected for the defence sector and the National Health Service (NHS), while other departments are likely to see spending cuts.
Reeves, the chancellor of the exchequer, has adjusted fiscal rules to give the government more room to invest ahead of the review. At the same time, she aims to balance the budget so that tax revenues cover day-to-day spending, with borrowing reserved for investment.
The changes have enabled the Treasury to increase borrowing, particularly for housing and energy infrastructure projects, resulting in a £113 billion windfall over five years.
'Balance the books'
Ahead of the announcement, the government pledged billions for the nuclear sector, including investment in the Sizewell C nuclear power plant.
Citing the ongoing conflict in Ukraine, the UK previously committed to raising defence spending to 2.5 per cent of GDP by 2027, and 3.0 per cent by 2034, partly funded by cuts to international aid.
In addition to the expected NHS funding increase, £86 billion is planned for science and technology by 2030. Urban public transport in England will also see investment more than double, reaching over £15bn by 2030.
The government recently reversed its decision to scrap winter fuel payments for millions of pensioners, following criticism from within the party. Late on Tuesday, it also confirmed Reeves is expected to announce £39bn in funding for affordable housing over the next decade, aimed at building 1.5 million homes.
However, the increased focus on some sectors means other departments may face budget reductions.
Joe Nellis, economic adviser at MHA, said Reeves "will need to balance the books by making cuts to unprotected department budgets." He pointed to the Home Office, transport, local councils, police and prisons as possible areas for cuts.
Reports suggest the Treasury has faced tensions with the interior ministry over police funding and with the energy department over carbon reduction targets.
Since taking office in July, Labour has already made cuts to public spending under tight fiscal conditions. That includes reductions to disability welfare, aimed at saving more than £5bn by 2030.
Although the UK economy grew by 0.7 per cent in the first quarter, exceeding expectations, analysts have warned that such growth may not continue.
“If growth fails to emerge, then she (Reeves) will either have to cut further areas of public sector spending or raise taxes again in this year’s Autumn Budget,” said Nellis.
(With inputs from agencies)
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A Post Office van parked outside the venue for the Post Office Horizon IT inquiry at Aldwych House on January 11, 2024 in London.
THE UK government said on Monday that more than £1 billion has been paid to self-employed managers of Post Office branches who were affected by faults in the Horizon accounting software.
The update comes a few weeks after Alan Bates, the former subpostmaster who led the campaign for justice, criticised the compensation process, calling it “quasi-kangaroo courts”.
The Department for Business and Trade (DBT) said it had received 11,208 claims in total. Of these, 7,569 have been settled, while 3,709 are still pending.
Between 1999 and 2015, the Post Office prosecuted over 900 subpostmasters based on errors in Horizon, a software developed by Fujitsu. The system incorrectly showed shortfalls in branch accounts.
Many subpostmasters were forced to repay the shortfalls and later went bankrupt. Some were imprisoned and faced social stigma.
At least four people took their own lives, and several others died before they were exonerated.
In 2019, the High Court ruled that computer errors, not criminal behaviour, had led to the missing funds.
Alan Bates, who was knighted by King Charles III for his efforts to expose the issue, has criticised how the DBT is handling the assessment of claims.
"The department sits in judgement of the claims and alters the goal posts as and when it chooses," he told The Sunday Times last month.
Public attention around the case grew in January 2024 following a television drama about the subpostmasters’ experiences, which sparked widespread public reaction.
Following that, Fujitsu’s European director Paul Patterson appeared before a parliamentary committee and apologised for the firm’s role in prosecutions based on incorrect data. He said the company was “truly sorry” for “this appalling miscarriage of justice”.
Post Office Minister Gareth Thomas said the government had prioritised faster payments since taking office in July 2024.
"We are settling cases every day and getting compensation out more quickly for the most complex cases, but the job isn't done until every postmaster has received fair and just redress," he said.
(With inputs from agencies)
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Since April 2024, British citizens and settled residents have needed to earn at least £29,000 to apply for a partner visa. (Representational image: iStock)
THE UK’s independent Migration Advisory Committee (MAC) has said the government could lower the minimum income requirement for family visas but warned that doing so would likely increase net migration by around 1 to 3 per cent.
Since April 2024, British citizens and settled residents have needed to earn at least £29,000 to apply for a partner visa.
The MAC has proposed a new threshold of between £23,000 and £25,000, which it said would still allow families to support themselves without needing to earn above minimum wage.
It also suggested that setting the threshold between £24,000 and £28,000 could prioritise economic wellbeing over family life.
The panel opposed the previously announced plan to raise the threshold to £38,700, calling it incompatible with human rights obligations, including Article 8 of the European Convention on Human Rights.
MAC chair Prof Brian Bell said the final decision was political but urged ministers to consider the impact of financial requirements on families.
The report recommended keeping the income threshold the same across all UK regions and not raising it for families with children.
Campaigners criticised the lack of a recommendation to scrap the threshold entirely.
The Home Office said it would consider the MAC’s findings and respond in due course.
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The Canary Wharf business district including global financial institutions in London.
THE UK’s unemployment rate has increased to its highest level since July 2021, according to official data released on Tuesday, following the impact of a business tax rise and the introduction of US tariffs.
The Office for National Statistics (ONS) said the unemployment rate rose to 4.6 per cent in the three months to the end of April. This was up from 4.5 per cent in the first quarter of the year.
The figures reflect the early effects of a business tax increase announced in the Labour government’s first budget in October. April also marked the beginning of a baseline 10 per cent tariff on the UK and other countries introduced by US president Donald Trump.
“There continues to be weakening in the labour market, with the number of people on payroll falling notably,” said Liz McKeown, director of economic statistics at the ONS.
“Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on,” she added.
The data also showed a slowdown in wage growth. Analysts said the overall picture could encourage the Bank of England to continue cutting interest rates into 2026. The trend pushed the pound lower but supported gains in London’s stock market during early trade on Tuesday.
“With payrolls falling, the unemployment rate climbing and wage growth easing, today’s labour market release leaves us more confident in our view that the Bank of England will cut interest rates further than investors expect, to 3.50 per cent next year,” said Ruth Gregory, deputy chief UK economist at Capital Economics.
The Bank of England last reduced interest rates in May, cutting them by 0.25 points to 4.25 per cent.