Keep up with the latest accountancy and finance news in our weekly round-up…
The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.
Some of the UK’s most prestigious universities have been accused of failing to show the flexibility demanded by ministers, as disappointed students in England struggled to secure places with lower A-level grades than expected.
Consumer group Which? Has called on Britain’s Financial Conduct Authority to extend loan repayment holidays and interest-free overdrafts until January 31st to shield millions of households from severe financial distress when the reliefs end in October.
PwC is being sued for £63m over accusations the Big Four accountancy firm conspired against a former client by releasing private financial information about the client to rival during a takeover approach.
Grant Thornton LLP is awaiting a ruling from an appeals court that’s expected to decide in the next few weeks on a case involving a manufacturing company owner who sued the firm for fraud, negligence and other claims.