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

 

UK economy contracts on back of Brexit uncertainty

The UK economy shrank in the second quarter, its worst performance in six and a half years, as growth was held back by Brexit uncertainty and car factory shutdowns.

Italy’s political crisis triggers bond sell-off and shakes European markets

Traders have sold off Italian government bonds and European stock markets are in the red after League party leader Matteo Salvini called for a snap election, saying his ruling coalition was unworkable.

UK delays public spending review to focus on Brexit

Chancellor Sajid Javid said he would delay a long-planned review of public spending due this year to allow officials to focus on preparing for Brexit on Oct. 31.

Sacha Romanovitch appointed Fair4All Finance CEO

Former Grant Thornton chief executive Sacha Romanovitch is to lead Fair4All Finance, an organisation aimed at financial inclusion.

Ineos replaces PwC with rival Deloitte

Ineos has replaced longstanding auditor PwC with Big Four rival Deloitte following a tax avoidance row that sparked tensions between the accountancy group and the UK’s largest private company.

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