Author: Admin
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Government agrees £500m funding deal with Tata Steel
Business Secretary Jonathan Reynolds has confirmed that the government will invest £500m into Tata Steel’s UK operations, while a “new and improved deal” for workers will support the transition to greener steel production. Reynolds added that workers at the Port Talbot steel plant will receive improved redundancy terms and the offer of a skills package….
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Record dismissals at HMRC
Dismissals for gross misconduct at HMRC have reached a five-year high, with 179 workers having their employment terminated in 2023, marking a 43% increase since 2020. The total, obtained through a Freedom of Information Act request, marks the highest recorded in at least five years. Additionally, the Department for Work and Pensions reported 190 dismissals…
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PCAOB: audit teams failed to pick up risks of material misstatement by banks
The PCAOB published a report Monday detailing how, during 2022 and 2023, several firms’ engagement teams working on audits in the banking sector did not adequately identify the risks of material misstatement ahead of the implosion of several banks, such as Silicon Valley Bank and Signature Bank. As they reviewed the banking sector audits completed…
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Record dismissals at HMRC
Dismissals for gross misconduct at HMRC have reached a five-year high, with 179 workers having their employment terminated in 2023, marking a 43% increase since 2020. The total, obtained through a Freedom of Information Act request, marks the highest recorded in at least five years. Additionally, the Department for Work and Pensions reported 190 dismissals…
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UK workers missed out on £2bn in holiday pay last year, TUC says
According to a report by the Trades Union Congress (TUC), over 1.1 million workers in the UK missed out on their entitled holiday pay last year, amounting to an overall £2bn. TUC general secretary Paul Nowak said: “We all deserve a break from work to spend time off with our friends and family,” highlighting the…