Keep up to date with the latest accountancy and finance news in our weekly round-up…

 

UK business confidence falls for first time since May – Lloyds

British business confidence has fallen for the first time in five months, hit by resurgence of COVID-19 cases and restrictions to contain their spread, a survey showed on Friday.

British Airways owner IAG calls for airport testing as losses widen

British Airways owner International Airlines Group (IAG) fell to a €5.56bn loss in the first nine months of the year as it warned passenger demand could take three-years to recover to pre-pandemic levels.

Government support ‘essential’ for UK economy, says IMF

The International Monetary Fund (IMF) has said continuing government support is “essential” for the struggling UK economy to recover.

Watchdog slams Grant Thornton over ‘unacceptable’ public sector audits

The accounting watchdog has criticised Grant Thornton over its ‘unacceptable’ record on public sector audits, after five out of six of the firm’s local audits were found to fall below the expected standard.

KPMG partners with Coin Metrics to attract institutions to crypto & blockchain

Big Four auditing firm KPMG has entered into a strategic partnership with crypto analytic firm Coin Metrics in order to support growth in institutional adoption of crypto and blockchain, the firm said in a press release on 27th October.

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