Keep up with what’s been happening this week in our finance and accountancy news round-up…
The UK economy could shrink by an enormous 14% in 2020 before rebounding strongly in 2021, the Bank of England has said as it kept interest rates on hold at their current record lows.
The European Union faces a deep and uneven recession, according to a new forecast from the EU’s Commission.
Britain’s accountancy watchdog has opened an investigation into EY’s audit of the scandal-ridden private hospital operator NMC Health, which collapsed into administration last month.
Deloitte, the big four accountancy firm, is proposing to slash pension contributions for thousands of UK staff as it seeks to maximise cost savings due to the COVID-19 pandemic.
Clarks has reportedly drafted in three of the Big 4 accountancy firms to work on a potential restructuring as it seeks to survive through the coronavirus pandemic.