Report into audit sector commissioned by John McDonnell calls for break-up of Big Four December 14, 2018 A report into the audit sector commissioned by shadow chancellor John McDonnell has called for the break-up of the Big Four audit firms. The report, published today, recommended that the audit business of accounting firms must be legally separate from everything else and says it should be a criminal offence for auditors to perform non-audit [...]
DUP leader Arlene Foster asks Theresa May if she will ‘roll over’ for EU on Brexit deal’s Irish backstop clause December 14, 2018 DUP leader Arlene Foster has asked Theresa May whether she will “roll over” for the EU over Brexit, piling further pressure onto the Prime Minister as she seeks changes to her withdrawal agreement in Brussels. Foster said today: “The Prime Minister has promised to get legally binding changes. The reaction by the EU is unsurprising. [...]
Got $130m? Disgraced 1MDB Hollywood financier’s superyacht put up for sale December 14, 2018 If you've got a spare $130m (£103.1m) lying around, you could be the next owner of Equanimity: the luxury superyacht belonging to fugitive Malaysian financier and "tabloid party boy" Low Taek Jho. Also known as Jho Low, the still-at-large financier is wanted in connection with the alleged embezzlement of billions of dollars from Malaysian sovereign development [...]
Time Out Market to open in former Eurostar terminal in London Waterloo station December 14, 2018 Time Out Group has revealed plans to open a new market in London's Waterloo station. Time Out Market London will have restaurants, bars and “cultural experiences” hand picked by the British media company from across the capital. Occupying 32,500 square feet over two floors in the former Eurostar terminal, the market is expected to open in 2021. It [...]
So what does the DUP really, really want? A no-deal Brexit December 14, 2018 “So tell me what you want, what you really, really want,” sang the Spice Girls in their debut single in June 1996, the same month that multi-party talks were established to kickstart the Irish peace process. Now, 22 years later, it is a question that could well be asked of the DUP. This week, all [...]
DEBATE: After a breathtaking leadership challenge to the Prime Minister, has anything actually changed? December 14, 2018 After a breathtaking leadership challenge to the Prime Minister, has anything actually changed? Mo Lovatt, lecturer in Cultural and Creative Industries and co-chair of The Great Debate, says YES. The Prime Minister has survived a leadership challenge and some argue that nothing has changed. In Brexit terms, this is true: she remains stubbornly positioned between a [...]
Capita shares fall after £495m British Army recruitment contract fails to meet targets December 14, 2018 Outsourcing firm Capita has suffered another blow today, after a government report found it has failed to meet targets in a £495m recruitment contract for the British Army every year since it began. Awarded the contract in 2012, an investigation by the National Audit Office (NAO) said Capita and the Army "underestimated the complexity of the project, [...]
Hard Brexit will be a disaster for British businesses, says Sir Richard Branson December 14, 2018 Sir Richard Branson has claimed that a hard Brexit would be a disaster for the UK and called on Prime Minister Theresa May to be honest about the consequences it could have. The Virgin Group founder has warned that leaving the EU without a deal would result in the closure of British businesses and that the [...]
Judge Theresa May on her policies, not on her gender December 14, 2018 “Having failed at an impossible task no one else wanted, the men in grey suits are lining up to push… their female leader off the glass cliff.” So tweeted the Women’s Equality Party (WEP) on Wednesday afternoon, before the confidence vote in Theresa May’s leadership took place. It’s not exactly a kind write-up for the [...]
As the warning signals flash red, now is the time to back business December 14, 2018 When thinking of the great moments of British enterprise, you would be forgiven for being consumed by nostalgia. The golden age of manufacturing, Victorian industrialists, Alan Turing, the internet, Concorde, the discovery of DNA – what then of today, the Brexit Blues? Think again. This is the age of the entrepreneur – 99 per cent [...]