Government

Bosses are sleepwalking into cost crisis, fintech disruption and Downing Street upheaval

Clouds gather over Canary Wharf, London

Brexit and Covid have come and gone with the reality less worse than initially feared. This may have encouraged a bit of complacency

4 min read

Public-private partnerships are key to developing world-beating biotech

Why private investors must team up with the public sector to drive our biotech revolution

The sector produces two-thirds of the globe’s new medicines, but is concentrated in a few US biotech hubs

4 min read

Top (from left): Legal & General's Nigel Wilson, former Labour MP Frank Field, sports stars Emma Raducanu and Laura Kenny, and Bina Mehta of KPMG. Bottom (from left): Actress Joanna Lumley, scientists Chris Whitty, Jenny Harries, and Jonathan Van-Tam, and Deloitte's Nicholas Owen

New Year Honours 2022: KPMG, Deloitte execs make the list

The latest gongs are in, recognising a host of names from across financial services

6 min read

Tensions between Whitehall and the Big Four auditor have grown, putting major awards in the spotlight

KPMG threatened with ban on government contracts in wake of scandals

Threat follows criticism from regulator over 'untruthful defence' in tribunal claim

3 min read

Deloitte won contracts valued at more than £280m advising the government’s Covid-19 Test and Trace programme

Sack Deloitte from Test and Trace inquiry role, Labour says

Deloitte partner pay soared on the back of Covid-19 contracts

2 min read

The new department was created in May to guide cabinet minister Lord David Frost in his efforts to help the UK capitalise on its split from the European Union

Five candidates in battle to lead UK’s Brexit opportunities unit

City executives are also awaiting details on the Treasury's plans to rethink parts of the UK rulebook post-Brexit

2 min read

UK audit reforms are necessary but may be costly

Audit reforms curb risk of more failures – at a price

Some of the proposed corporate governance changes prompted a furious backlash from business leaders and MPs, rightly giving the government pause, writes David Wighton

4 min read

Budget tax hike threatens plan for City post-Brexit fightback

For the City, the tax plan looks like a huge own goal, writes David Wighton

4 min read

Rishi Sunak leaves 11 Downing Street before presenting the government's annual budget to Parliament

Here’s what City firms make of the Budget

'The UK cannot forget it exists in a highly competitive global landscape'

8 min read

The report called for the creation of a ‘UK-EU Parliamentary Partnership Assembly’ to “ensure the UK’s interests continue to be represented'

Dissolved Brexit committee says UK should keep tabs on EU ties and warns of ‘gap in scrutiny’

The UK must introduce a new way to scrutinize its future relationship with the European Union, says parliament’s former Brexit Committee

3 min read

Teeside is a possible location for a new Northern base

Insiders mock Sunak plans for Treasury North: ‘Lol. Good luck with that’

Insiders scoffed at plans for a massive overhaul of the Treasury that would see hundreds of workers move from London to a new Northern base

2 min read

Britain's Prime Minister Boris Johnson held talks with cabinet ministers during lunchtime on Saturday to discuss tougher measures for England as infection numbers spread rapidly, alongside a new and more infection strain of Covid-19 spreading.

Christmas is cancelled for London, South-east England, says Prime Minister Boris Johnson

Moving into Tier 4 means 'stay at home' order with travel only permitted for essentials

Hilary Benn says Brexit 'is going to make life a bit more difficult and involve cost for one of our most successful sectors of the economy'

Brexit committee chair slams waste of ‘time, effort and cost’ for UK finance sector

Johnson’s government has failed 'to understand the scale of the change and to prepare for it'

The UK is in ‘advanced’ talks to secure Moderna vaccine doses

Moderna announced that its vaccine has 94.5% efficacy, adding to optimism about the deadly pandemic

Health Secretary Matt Hancock and Prime Minister Boris Johnson

UK to ramp up mass virus testing amid second wave fears

'There are new technologies coming on track which we are buying and testing now,' Matt Hancock told BBC Radio 4's Today programme

Aerial view of City Hall, the office of the Mayor of London

Crypto firm backed by London mayor’s fund launches platform to lure big investors

Copper marks the first investment in the cryptocurrency space by the mayor of London's fund

6 min read

Dominic Raab hands residence rights to British nationals in Hong Kong

The move comes after a crackdown by Chinese authorities on protesters in the territory

1 min read

Government borrowing hit record levels in April

Whitehall has borrowed close the same amount in April as it did in the last full financial year

1 min read