The government has set out plans for a second economic crime bill to tighten up registration rules and give Companies House more powers as part of plan to tackle money laundering and economic crime

In the mini-Budget on Friday, tax cuts could push UK debt to unstainable levels, warns the Institute for Fiscal Studies (IFS)

The Bank of England has raised interest rates by a further 0.5% to 2.25%, rejecting calls for a 0.75% rise supported by some members of the monetary policy committee

HMRC has lost an appeal at First Tier Tribunal (FTT) over a dispute regarding late filing penalties between 2019 and 2020, which amounted to £1,300

The auditor of Sanjeev Gupta’s network of steel companies has set out the reasons for its resignation, citing a ‘lack of information’

In a record year for the Big Four accounting network, EY Global has reported record revenues of $45.4bn (£40bn) for the financial year ending June 2022, an increase of 16.4%

Businesses will be given financial support for six months to cover up to 50% of their energy bills in the latest move by government to mitigate soaring energy costs

Fuller, Smith & Turner plc has warned that it is expecting a significant spike in its energy bills this year, with estimated costs of £18m

Deloitte is creating at least 1,000 roles outside of London, with plans to reach a staff count of 11,000 in its consulting practice over the next five years

The auditor for a number of Sanjeev Gupta’s network of metals companies has resigned from four of them, following an investigation by FRC

In this week’s accountancy career moves, chairman for Dains, partner promotions and senior hires at Azets, Evelyn Partners and Cowgills, plus insolvency expertise strengthened at RBK

Matlock based accountancy practice, Malcolm J Harris Ltd, has merged with Buxton firm, SMH BullockWoodburn