Auditor MHA queried source of funds in Sanjeev Gupta-owned firms before resigning December 11, 2025 MHA queried the source of funds for various intercompany transactions before resigning from an engineering firm owned by metals magnate Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance [...]
Watchdog launches new probe into EY over ‘unauthorised’ audit reports December 10, 2025 The accountancy watchdog has commenced a new investigation into the Big Four firm EY and two of its members. In an announcement on Wednesday morning, the Financial Reporting Council (FRC) revealed that it has commenced an investigation into “unauthorised issuance of auditor’s reports to audited entities”. This comes after the Big Four firm informed the [...]
Asylum seekers’ cost to taxpayer is unknown, public auditor says December 10, 2025 The full cost of asylum to the British taxpayer is unknown as the government has not processed data on how much local authorities spend on migrants, the National Audit Office (NAO) has said. In a broad report mapping out asylum seekers’ journeys through the UK’s legal systems and support structures, public auditors found that there [...]
Auditor MHA resigns from Sanjeev Gupta-owned engineering firm December 9, 2025 MHA has resigned as auditor for a subsidiary of the beleaguered metals group controlled by tycoon Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance conglomerate. MHA declined to [...]
Lime squeezes London riders with quiet price hike November 24, 2025 Lime has quietly raised the cost of its London e-bike rentals, City AM understands, increasing its per-minute rate from 29p to 31p, a seven per cent jump, without notifying customers. The price of its 30-minute ride bundle has also risen sharply from £3.99 to £4.49, an increase of just over 12 per cent. For regular [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
Lack of London office space a ‘major economic risk’, Reeves warned November 20, 2025 London Property Alliance has called on Chancellor Rachel Reeves to recognise offices as essential economic infrastructure to boost the capital’s competitiveness. The organisation said that London faces planning barriers, rising costs and a shrinking supply of modern office space, with a 54 per cent drop in major planning applications over the past decade. “The Chancellor… [...]
AIG dropped John Neal’s appointment after ‘alleged workplace relationship’ November 19, 2025 The former chief executive of Lloyd’s of London, John Neal, had his offer from AIG pulled after alleged inappropriate workplace relationship came to light. Neal was in a leadership position at Lloyd’s for over six years, having joined from QBE, where he was the group CEO for over five years. He was set to join Aon as [...]
Confidence in audit quality surges despite knowledge gaps November 17, 2025 Confidence in audit quality has increased but many stakeholders have reported only a partial or limited understanding of the scope of auditor responsibilities, according to new findings. A document from the Centre for Public Interest Audit (CPIA) shows that all three stakeholder groups surveyed – finance directors, equity investors and audit committee chairs – reported [...]