Keep up with what’s been happening this week in our accountancy and business news round-up…

 

Millennials being squeezed out of middle class, says OECD

Millennials in advanced economies around the world are being squeezed out of the ranks of the middle class, including in Britain, as pay growth stalls and house prices skyrocket, according to the OECD.

IMF boss says Brexit delay will ‘hinder’ UK growth

The further extension to Article 50 will hinder growth in the UK economy, the head of the International Monetary Fund (IMF) has told the BBC.

Managing third-party cyber risks has rapidly become the number one concern for businesses

A new global study has revealed that cyber risks are a major issue to 97% of the respondents of the survey.

Big data bias threatens financial services’ ethics

The ICAEW have issued a warning over the potential ethical pitfalls of big data, and the risks of leaving this unregulated.

Accounting watchdog to investigate audits of outsourcer Interserve’s financials by Grant Thornton

Britain’s accounting watchdog has started investigating the audits Interserve by Grant Thornton, weeks after the outsourcer collapsed into administration.

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