News The over-budget decontamination of Sellafield by the NMP consortium has been the subject of repeated criticism

‘This is a massive indictment of NMP’s failure to deliver’ says environmental consultant after reading letters written to clean-up consortium

Exclusive: Shock over new contract for Sellafield companies

Unions and MPs have reacted with shock to yesterday’s announcement that the companies that have overseen cost overruns and delays in the clean-up of Sellafield have been given a new five-year contract.

Imperial hires man blocked from L&G job

The senior accountant blocked from taking the finance director role at Legal & General this summer will instead run the numbers at the tobacco giant behind Cohiba cigars and Rizla rolling paper.

The Government has faced a barrage of criticism over the HS2 plans

HS2 'could generate £15bn for economy': Report starts Government fight-back on case for high-speed rail link

KPMG report concludes the £42bn line would have a significant impact on growth across the Midlands, North-west and North-east of England

Retail sales up as shoppers keep spending

The tills of retailers continued to ring loudly last month, as they benefited from favourable weather and growing consumer confidence on the high street.

Big Four's hold on the FTSE

Around 80 per cent of chartered accountants who hold FTSE 100 finance director roles are alumni of the "Big Four" which dominate the bean-counting industry, according to research passed to The Independent on Sunday.

Finance bosses puzzled by audit reform plans

The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.

Auditor KPMG faces axe from standard chartered

Standard Chartered looks set to dump KPMG as its auditor after four decades of checking the bank’s books, as the seemingly cosy relationship between big business and their accountants is smashed in the wake of the financial crisis.

Class of 2013 values cash above all: Survey reveals GCSE students want good salary over career helping others

The Class of 2013 value money above anything else when it comes to what their priorities are on leaving school, according to research to be published later today.

New police economic crime boss Jeremy Outen quits before starting the job

A senior leader at Britain’s new national police agency has unexpectedly decided not to take up his job as head of economic crime-fighting but categorically denied that his decision was linked to scrutiny of his own tax affairs.

Government should pay for long-term healthcare, say 87 per cent of people in poll

Raise taxes to fund NHS, say patients

Government should pay for long-term healthcare, say 87 per cent of people in poll

Russell Lynch: For £6bn a year, why does our financial regulator not have much sharper teeth?

Outlook In February 2010, the defence giant BAE Systems paid fines totalling £288m to the US Department of Justice and Britain's Serious Fraud Office in one of the murkiest and most embarrassing episodes in its history. The penalty to settle long-running investigations into alleged corporate bribery dragged BAE's name through the mud as the DoJ – never one for mincing its words – accused it of making "hundreds of millions of dollars in payments to third parties, while knowing of a high probability that money would be passed on to foreign government decision-makers to favour BAE in the award of defence contracts". The SFO fined it £30m for failing to accurately record "commission payments" to a "marketing adviser" in Tanzania.

Regulator accused of £110m error

Competition Commission's audit reform costs 'materially' underestimated, claim Big Four

D-Day for the Big Four: Competition Commission to smash the 'dominance' of KPMG, PricewaterhouseCoopers, Ernst & Young and Deloitte

The Competition Commission will look to smash the perceived dominance of the Big Four accountants this week when it publishes a hard-hitting list of reforms of the market.

Online dating group Cupid jumps after dodging arrow over fake profiles

Online dating group Cupid was today cleared of using fake profiles to lure new members but warned it needs to overhaul its operations.

Barclays backs 'Big Four' against audit shake-up

Barclays has ridden to the rescue of the Big Four accountants as they face the threat of market-revolutionising reform from the Competition Commission.

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