Capita wins £565m in government contracts – despite major data breach May 25, 2023 Capita was today confirmed as the government’s chosen partner in two contracts worth a combined total of £565m – despite two recent major data breaches, the impact of which is still being investigated. The firm said the investigation and clear up will cost between £15m and £20m – this includes “further steps [taken] to ensure [...]
London-listed firms face tougher fraud rules as watchdog prepares clampdown May 24, 2023 The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain's corporate governance watchdog proposed a slew of reforms today.
In the former coalfields of North Yorkshire is a story of how to actually level us up May 23, 2023 The regeneration of former coalfields can teach the Conservatives a lesson on their own flagship policy - levelling up
We can’t wean politicians off the Nimbys, so we must get them on board with housing May 22, 2023 Is there a way to placate the anti-housing Nimbys, even if we can’t bring them on board, writes Noah Khogali
Treasury Committee’s call for digital assets to be regulated same way as gambling industry is slammed by crypto leaders May 17, 2023 Crypto leaders in the UK have branded a government body’s calls for unbacked digital assets to be regulated in the same way as the gambling industry as 'an appalling backwards step'.
Net zero homes: time for a reset report – six months on May 12, 2023 The 28 million households in the UK account for around 14 per cent of our overall carbon emissions. In terms of the scale of the change required by homeowners to meet the government’s 2050 Net Zero target, this will require a home being upgraded every two minutes between now and 2050. The estimated cost of [...]
Thames Water boss to forgo bonuses as dividend scrutiny on suppliers intensifies May 9, 2023 The boss of Thames Water will forgo performance related pay this year, with the supplier's turnaround plans still behind schedule.
Regulator probes Deloitte over audit of fashion firm Joules May 9, 2023 The Financial Reporting Council has opened an investigation into the audit of embattled retailer Joules today after Deloitte signed off its accounts prior to the firm’s collapse last year.
FRC begins hunt for new boss as audit body advertises role with £330k salary (and to be able to work from both London and Birmingham) May 5, 2023 The boss of Britain’s audit regulator, the Financial Reporting Council (FRC) will need “credibility, integrity and capability” to enact “organisation change”; they can also expect to be paid £330k plus benefits for doing so. An advert for the next chief executive of the FRC, which will soon become ARGA confirms previous City A.M . reports [...]
Post-Brexit powers mean regulators need greater oversight, City figures warn May 5, 2023 Ex-ministers and City figures have warned that the government is not doing enough to improve the scrutiny of regulators after Brexit, in a sign that past rows about protecting the independence of the UK’s top financial regulators could resurface in the coming months. Following Brexit, UK financial regulators, such as the Prudential Regulation Authority (PRA) and [...]