Author: News Desk

Scrapping Ofwat could be considered by new water sector commission Scrapping watchdog Ofwat could be considered by a new independent commission on the water sector as ministers aim to attract investment into the industry. Ministers have launched the largest review of the sector since it was privatised, with the commission set to be chaired by former deputy Bank of England Governor Sir Jon Cunliffe. It comes after environment minister Steve Reed unveiled the Water (Special Measures) Bill which ramps up watchdogs’ powers to issue fines, conduct oversight and recoup costs. Reed said the “water system urgently needs fixing”, with the probe intended to…

Deloitte cuts 250 underperforming staff in UK Big Four firm Deloitte has cut 250 members of staff in the UK, as the firm embarks on yet another round of redundancies as profit stalls. According to the Financial Times, around 250 employees in the UK who were deemed to be underperforming have been axed from the firm. Those affected were staff across its advisory divisions. However, the FT reported that the firm did not disclose this move across the business. This move follows last month’s revelation that Deloitte was set to make around 800 redundancies in the UK as demand for its services…

Today’s news summary – Paper Talk If you are someone who reads every perspective of a story, here is a news summary of all of today’s front pages from today’s newspapers; summarised in a 2-minute read

Today’s news summary – Paper Talk If you are someone who reads every perspective of a story, here is a news summary of all of today’s front pages from today’s newspapers; summarised in a 2-minute read

Today’s news summary – Paper Talk If you are someone who reads every perspective of a story, here is a news summary of all of today’s front pages from today’s newspapers; summarised in a 2-minute read