Asda adopts permanent hybrid working for office staff July 2, 2021 Staff at Asda head offices will be able to choose where they work on a permanent basis even Covid restrictions are eased and working from home guidance is dropped. The change means around 4,000 staff, most of whom are based in Leeds, will be able to work more flexibly on a permanent basis. Asda said [...]
Car production still stalled at just half of pre-pandemic levels June 25, 2021 The number of cars produced in the UK last month remains mired at nearly half of pre-pandemic levels as the industry grapples with shortages of key components like semi-conductors. In May, 54,962 cars rolled off production lines, a tenfold improvement on the same month in 2020, when factories were in lockdown. However, the figure is [...]
KPMG told to expect £250m claim for Carillion collapse June 23, 2021 Accounting giant KPMG is expected to be told to pay £250m for its role in the collapse of outsourcing firm Carillion, its former client, in 2018. On behalf of the Insolvency Service, lawyers have warned KPMG to expect a claim. The expected move is part of an effort to reclaim funds that will be used [...]
Sanjeev Gupta’s Jaguar Land Rover supplier in talks with lenders June 21, 2021 A branch of Sanjeev Gupta’s metals empire that supplies Jaguar Land Rover is in talks with its lender to avoid collapse. Liberty Aluminium Technologies (LAT) is currently engaged in negotiations with its lender Close Brothers, in an effort to avert being placed into administration, Sky News first reported. The embattled firm employs 250 people across [...]
Accounting watchdog pushes for KPMG to be fined £15m over Silentnight sale June 21, 2021 Accounting watchdog pushes for KPMG to be fined £15m over Silentnight sale
Deloitte tells staff they can work from home forever June 20, 2021 Staff working at Deloitte will be able to work wherever they want when Covid restrictions are eased and work from home guidance is scrapped. Staff at the Big Four firm will not be obligated to work from the office for a minimum number of days per week, as has been a typical response of Deloitte’s [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Big Four lobbying may dilute Government’s audit reform, says ex-accounting watchdog June 14, 2021 Big Four lobbying will dilute Government's audit reform, says ex-accounting watchdog
Multinational tax dodging strategies should be as damaging as fuelling climate change June 11, 2021 The G7’s landmark deal to tackle tax avoidance and crack down on multinational companies that treat our global economy as a financial rabbit warren, might seem a welcome step in the right direction. But until businesses start seeing tax as an investment opportunity as opposed to an unwelcome bill, it’s unlikely to make much of [...]
London Calling: Why we back the City June 10, 2021 London remains one of the preeminent financial centres of the world. For some this statement is an outdated notion which forgets the turmoil of recent years. Brexit, relatively unstable governments, and the pandemic have all contributed to a misplaced sense of decline. However, for all the drama of the past few years, if you step [...]