Watchdog slaps BDO with £2m fine over serious audit failings May 28, 2026 Accountancy giant BDO and the former head of its London audit group have been slapped with sanctions by the accounting industry watchdog over its work on the construction engineering firm NMCN. The Financial Reporting Council (FRC) imposed sanctions on the firm and its former partner, Geraint Jones, for significant and serious breaches during the 2019 [...]
‘Manchesterism’ is a myth and you can’t trust Andy Burnham May 21, 2026 Andy Burnham says he wants to “roll back the 80s” but the growth of Manchester is down to the rolling back of socialism that began before he became Mayor, says Ayushma Maharjan Britain’s most popular politician is running on a myth, is not credible, and might out-do Starmer in U-turns. A recent Yougov poll found [...]
What does new City minister Rachel Blake have in store for the Square Mile? May 15, 2026 The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]
Farage to face probe on £5m gift from Harborne May 13, 2026 Reform UK leader Nigel Farage is set to be investigated by the parliamentary standards committee after he received a £5m donation from Thai-based crypto billionaire Christopher Harborne shortly before being elected as an MP. Farage will be probed on whether he broke a code of conduct for MPs on failing to declare the large gift [...]
Directors of collapsed Carillion banned by accounting watchdog May 12, 2026 A pair of Carillion finance directors in post shortly before its collapse have been fined and banned by the accounting industry watchdog, bringing the curtain down on eight years of regulatory probes into one of the most notorious corporate failures in British history. Richard Adam – who served as the now-extinct contracting company’s finance director [...]
Going for growth? Labour groups set out competing visions for economic strategy May 12, 2026 Competing groups of Labour MPs have published contrasting growth plans on Tuesday, just as Sir Keir Starmer’s leadership stood on the brink. Both the left-wing Tribune group of MPs and the more centrist Labour Growth Group published pamphlets setting out a number of ideas for growth and tax reform. Tribune’s report, led by former transport [...]
Tony Travers: London local election result could trigger housebuilding slump May 7, 2026 The result of the forthcoming local elections could trigger a further slump in housebuilding in the capital as a shake-up in council composition obstructs development plans. Voters head to the polls in every London borough today, with polling suggesting Labour is on course to shed dozens of seats and lose its grip on the capital, [...]
Local elections 2026: City awaits ‘significant’ event for Labour leadership May 7, 2026 City giants have warned today’s local elections will be “significant” for market pricing, with traders keeping a close eye on possible leadership moves made by the likes of Angela Rayner and Andy Burnham. Several financial behemoths have lined up to warn investors that results across the country over the coming days could be unusually important [...]
London local election results 2026: Labour lose Westminster as Tories take control May 6, 2026 CLICK HERE to view all the latest London election results The Conservatives have gained Westminster City Council from Labour after losing in 2022. The Tories pinched nine seats from Labour, who slumped to 22. No surprise now that, as earlier reported, the atmosphere among Tory campaigners in Westminster was jubilant. CLICK HERE to view all the latest [...]
London local elections results 2026: Labour lose Wandsworth council May 6, 2026 CLICK HERE to view all the latest London election results Labour has lost an incredibly tight contest in the west London borough of Wandsworth. The Conservatives picked up eight extra seats to take their total to 29, while Labour lost six to slump to 28. The Tories had been eyeing a takeover in Wandsworth, but the borough [...]