Keep up with what’s been happening this week in our Accountancy news round-up…

 

Sainsbury’s ex-boss urges VAT rise to save High Street

Business rates should be halved and VAT increased to 22% in a bid to save the High Street, former Sainsbury’s boss Justin King has said.

Trump says Johnson’s Brexit could rule out US trade deal

Speaking to Nigel Farage on LBC Radio, the US president has said Boris Johnson’s Brexit deal could prevent the UK from agreeing a trade deal with the US.

Grant Thornton delays accounts as partner pay drops

The firm has told the regulator it would file its accounts next year, having changed its year end from 30 June to 31 December.

Mothercare calls in KPMG

Mothercare has drafted in restructuring experts KPMG to assess options for its struggling UK business.

EY accused of failing to report drug gang’s gold bar money laundering

Big Four accountancy firm EY failed to report evidence of smuggling by a criminal gang that was using black market gold to launder dirty money, according to a new investigation.

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