Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
KPMG: Audit giant handed record fine over failures on Carillion collapse October 12, 2023 KPMG has been slapped with a record fine over its botched auditing of Carillion, the construction company which went spectacularly bust in 2018.
Cambridge sets out plan to double number of unicorns by 2035 October 11, 2023 Cambridge is aiming to double its number of "unicorns" by the year 2035, according to new plans set out by Innovate Cambridge.
Mark Kleinman: Ascential’s messy breakup, audit tensions and ARGA’s impasse October 5, 2023 Mark Kleinman, City editor of Sky News, writes weekly for City A.M. This week he talks Ascential, FCA tensions and the ARGA impasse.
Labour pledge to overhaul audit and corporate governance regime September 25, 2023 The Labour Party has said it will pass long-awaited legislation on audit and corporate governance reforms if it wins the next general election.
UK only replaced a third of public investment since leaving EU, think tank warns September 14, 2023 The UK has only been able to replace a third of public investment – and just an eighth of infrastructure investment – since leaving the European Union (EU), a think tank has warned. EU funding of £146bn over 46 years had supported crucial infrastructure schemes such as the Channel Tunnel, the Thames Tideway Tunnel and [...]
Ed Warner: Will this really be the best Rugby World Cup ever? September 7, 2023 Are you ready for the best ever Rugby World Cup? A tournament for the ages? Two phrases that would best be banned, argues Ed Warner.
Less than two per cent of £1bn lost to Covid fraud recovered in three years September 6, 2023 Ministers have only recovered around £20m of the more than £1bn lost to Covid fraud in the three years since the start of the pandemic.
Government set to shelve audit reform due to time constraints August 31, 2023 Ministers are poised to shelve an overhaul of audit and governance reform from their legislative agenda this year due to concerns over “parliamentary time”, according to reports.
Why listed companies and the City are calling for a red tape revolution August 30, 2023 The watchdogs tasked with imposing governance and reporting standards on financial firms walk something of a tightrope across the Square Mile - but experts want reform.