Keep up to date with the latest accountancy and business news in our weekly round-up…

 

UK businesses stash cash as Brexit gloom deepens – Deloitte

A growing number of British-based businesses are prioritising cash flow, fearing a downturn, as their view of the long-term economic impact of Brexit has darkened to its most negative so far, accountancy firm Deloitte said on Monday.

FCA must adapt to changing technology to regulate City, says chief

The FCA said that developments, including AI and blockchain technology for financial transactions, could race ahead without adequate regulations in place, potentially undermining the strength of London as a financial centre.

Accountancy firms Scott-Moncrieff and Campbell Dallas merge

Two of Scotland’s biggest accountancy firms, Scott-Moncrieff and Campbell Dallas, are to merge and become part of a much larger international network.

KPMG joins push to address poor UK numeracy

KPMG and charity National Numeracy have launched a joint campaign calling on businesses to help workers improve their skills in maths.

Competition watchdog urges major shake-up of top four auditing firms

The Competition and Markets Authority (CMA) has called for a major shake-up at the UK’s big four auditing firms, but stopped short of recommending they be broken up.

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