Treasury Committee urges furlough scheme rethink

Chancellor Rishi Sunak is being urged to "carefully consider" targeted extensions to the coronavirus job retention scheme (CJRS) before the scheme winds down next month. As part of an inquiry into the impact of the COVID-19 pandemic, a Treasury Select Committee warned...

Audit reforms ‘need urgent resolution’

The Government should speed up delivering reforms to the audit sector, according to a professional body for internal auditors. The Chartered Institute of Internal Auditors (Chartered IIA) wants the Government to bring forward a comprehensive reforms package to the...

HMRC reveals up to £3.5bn furlough claims paid in error

HMRC has told MPs on the Public Accounts Committee that it estimates that between 5% and 10% of furlough money has been wrongly awarded. The scheme, which was launched earlier this year amid the COVID-19 pandemic, has cost the government around £35.4bn, according to...

House purchases plummet in Q2 2020

Lending for house purchases fell sharply in the second quarter of 2020 following the suspension of the housing market due to the coronavirus lockdown, according to UK Finance’s latest data. The report showed that mortgage refinancing decreased but held up better than...