FRC: Audit regulator’s review flags troubling performance by BDO and Mazars July 30, 2024 The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
Miraval mystery: The Jersey trust at heart of Brad Pitt wine war July 29, 2024 Brad Pitt has demanded to know who he is in business with after half of his hip wine brand Chateau Miraval, sold by his former partner Angelina Jolie to exiled Russian billionaire Yuri Shefler, ended up in a secretive Jersey trust.
The great student loans swindle July 26, 2024 Vast quantities of student loans will never be repaid, representing a massive subsidy not just to students themselves but to universities. No other industry is cosseted in this way, failing universities should be allowed to go to the wall, say Paul Ormerod The university sector in the UK is in financial trouble. The annual fee [...]
GB Energy to work with Crown Estate to develop offshore wind farms, says government July 25, 2024 Britain’s newly created state-owned energy company, Great British Energy, is to partner with the monarchy’s property firm to help speed up the building of offshore wind farms.
Make no mistake, tax rises are on the way July 23, 2024 Evidence is piling up that Chancellor Rachel Reeves will almost certainly be forced to raise taxes this autumn, Chris Dorrell writes
Financial Reporting Council unveils major revisions to UK stewardship code July 22, 2024 The Financial Reporting Council revealed significant updates to the UK Stewardship Code application process, targeting five priority areas designed to drive better outcomes
‘VAT? What VAT?’: Private school boasting it will absorb Labour’s tax hike propped up by Chinese investors July 18, 2024 Adcote School, an indepedent school for girls, courted controversy in April for funding a motorway billboard saying "VAT? What VAT?"
City accountancy firms KMPG, PwC, EY and Forvis Mazars react to audit watchdog overhaul July 17, 2024 All "welcomes" from the sector that it set to see its audit watchdog overhauled and reformed into a new regulator, which will have additional powers at its realm
King’s Speech: Long-awaited audit overhaul green-lit as FRC scrapped for new regulator July 17, 2024 It is full steam ahead on the creation of the new audit watchdog as the new Labour government has unshelved the Audit Reform and Corporate Governance Bill
King’s Speech: Labour to legislate OBR fiscal lock to boost ‘market credibility’ July 17, 2024 Labour will legislate for a fiscal lock to require the OBR to provide an independent assessment of any major tax and spending plans.