What the Sunday Papers said
Monday 19 November 2012
The Independent on Sunday: Critics of Big Four audit firms see evidence of 'closed shop'
Critics of the Big Four accountants believe that a Competition Commission inquiry has found the smoking gun that proves that the audit market is "a closed shop". Evidence published discreetly on the Competition Commission website showed that every FTSE 100 company that switched auditor between 2001 and 2011 did so just between KPMG, PricewaterhouseCoopers, Deloitte and Ernst & Young.
The Sunday Times: Directors urge Treasury to merge NI and income tax
Business leaders have overwhelmingly backed a call to merge national insurance with income tax to help reduce costs, drive up wages and create jobs. The support for a "radical" overhaul of the tax system, revealed in a survey of 1,125 businesses by the Institute of Directors, comes as the Treasury is considering how to simplify workers' taxes ahead of the Autumn Statement.
The Mail on Sunday: Barclay twins backed by Blackstone in battle for hotels
Blackstone has waded into the battle for control of three of London's top hotels – the Berkeley, Claridge's and the Connaught. The US fund management group is backing the twins Sir Frederick and Sir David Barclay, who are trying to wrest the Maybourne Hotel Group from the Irish property developer Paddy McKillen. Maybourne's fate will be decided in the next few weeks.
The Sunday Telegraph: Centrica set to bow out of nuclear power push in UK
Centrica, owner of British Gas, is expected to turn its back on building new nuclear power stations in Britain and focus its expansion in the US. It is expected to end its partnership with EDF Energy to build a new plant at Hinkley Point in Somerset in the new year. Only a change in government policy towards subsidising the next generation of nuclear plants would persuade Centrica to move back into the market.
elephant appealPrince William signs up for our charity appeal
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travelWill high-value tourism help the workshops of this Renaissance city?
Geoffrey Macnab does not like the comedian's big screen debut
Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
Ten best places to live in the UK: Hart in Hampshire takes top spot
'Untrue statements' anger over work to make H5N1 bird-flu virus MORE dangerous to humans
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 The publisher who played with fire: the battle for control of Larsson's £30m legacy
- 5 Police seize possessions of rough sleepers in crackdown on homelessness
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