Councils turn digital as budget pressures mount April 17, 2025 Councils across the UK are ramping up spending on technology and service design as financial pressures mount and demand for services grows. The Department of Science, Innovation and Technology hopes that digitising public sector services could unlock up to £45bn a year in productivity gains. “This makes digitisation the most powerful lever available to drive [...]
Watchdog launches probe into EY over Post Office audits following Horizon scandal April 16, 2025 The accountancy regulator has launched an investigation into Big Four giant EY's auditing of the Post Office accounts, focusing on the Horizon IT system.
Big Four vs Watchdog: Giants rack up over £154m in fines April 16, 2025 The accountancy regulator has handed over £154m in fines to the Big Four firms over the last five years for audit failures
EY slapped with fine over audit of Scottish water company April 14, 2025 Big Four giant EY has been sanctioned £ 500,000 over its audit of a Scottish water company, less than a week after its other sanction
EY slapped with £6.5m fine over Thomas Cook audits April 10, 2025 The watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook.
UK grocery sales slow in March but there are ‘reasons to be optimistic’ April 3, 2025 Total sales at UK supermarket tills slowed in March, but analysts pinned this to a later-than-usual rather than a structural slowdown. Sales growth at tills slowed to 2.7 per cent in the four weeks to April 2, down from a four per cent rise in February, according to NIQ. In-store visits grew 6.8 per cent [...]
Russians eye up London mansions – but what might they come back to? April 2, 2025 The UK government is sitting on around £1.1bn of sanctioned London housing stock from Russians accused of corruption or Kremlin links. Many Russians have withdrawn from new purchases in the capital due to the difficulty of getting a mortgage. There are still Russians who own property, and live, in London, but – and this is [...]
PwC fined £4.5m over audits of Gupta-linked bank Wyelands March 25, 2025 Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.
Big Four: The slow death of KPMG, EY, PwC and Deloitte’s legal dream March 25, 2025 Big Four —EY PwC, Deloitte, and KPMG—all have legal arms to compete against the traditional legal sector, but recent cracks show that their vision is not playing out
Fintech unicorn council joins Revolut and Zilch bosses for Treasury meeting March 18, 2025 Britain’s top fintech officials met Rachel Reeves on Tuesday morning in the Chancellor’s latest financial summit to boost economic growth. The co-chairs of Innovate Finance’s Unicorn Council for UK Fintech joined leading executives at the Treasury’s meeting, City AM has learned. The council, which launched in March 2024, aims to provide the government with policy [...]