Keep up to date with the latest accountancy and business news in our weekly round-up…
The UK economy accelerated in the first quarter of year to grow by 0.5%, according to preliminary official figures. The ONS credited stockpiling by businesses and a rush to complete orders ahead of the Brexit that never happened.
Ernst & Young, one of the UK’s biggest graduate recruiters, has announced it will be removing the degree classification from its entry criteria, saying there is “no evidence” success at university correlates with achievement in later life.
KPMG has been fined £5m and “severely reprimanded” after admitting misconduct in its 2009 audit of Co-Operative Bank.
The trade body for the plastics industry has held last-minute meetings with government officials as part of a lobbying effort to water down a tax on single-use plastics, internal documents have revealed.
Deloitte Legal has joined forces with law firm Epstein Becker Green as part of a push to provide clients support with managing global workforces.