Keep up to date with the latest accountancy and finance news in our weekly round-up…
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.
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.
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.
Former Grant Thornton chief executive Sacha Romanovitch is to lead Fair4All Finance, an organisation aimed at financial inclusion.
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.