Keep up with the latest business and accountancy news in our weekly round-up…


UK economy grew at record quarterly rate but recovery slowed in September

Britain’s economy grew at a record quarterly rate of more than 15% as lockdown restrictions were eased in the summer but the recovery has now petered out, the latest official figures have revealed.

UK ‘sleep-walking’ into personal debt crisis, warns charity

Britain is ‘sleep-walking’ into a personal debt crisis with the number of people in severe problem debt topping a million due to the coronavirus pandemic, charity StepChange has warned.

EY facing $4bn lawsuit over NMC Health audit work

Big Four accountancy firm EY is facing a $4bn lawsuit from the administrators of fraud-hit healthcare business NMC Health.

Deloitte kicks off talks with bidders for UK restructuring unit

Deloitte is kicking off talks with potential buyers of its British restructuring business amid expectations of a surge in activity triggered by swathes of coronavirus-inspired insolvencies.

KPMG to sell restructuring arm to win more work

Audit giant KPMG is to sell its restructuring arm because conflicts of interest and regulatory scrutiny are preventing it from winning work.

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