Find out what’s been going on this week with our latest accountancy and finance news round-up…

 

Brexit uncertainty ‘could lead to interest rate cut’

The Bank of England may need to cut interest rates should Brexit uncertainty persist, one of its policymakers has said.

Number of empty shops in UK at highest level for five years

Nearly 12% of retail sites were unoccupied in first half of 2019, data shows, with chains hit by rising costs and low consumer confidence.

KPMG to manage Thomas Cook liquidation

KPMG will manage the liquidation of more than 550 Thomas Cook high-street branches across the UK, while AlixPartners has been appointed the liquidation of the airline and tour operator companies.

Deloitte partners face Autonomy tribunal

Deloitte partners Richard Knights and Nigel Mercer will face disciplinary tribunal over their audit work on Autonomy.

PwC UK considers giving external body oversight of auditors’ pay

Big Four accounting firm looks to cut conflict of interest risk with consulting and head off calls for break-up.

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