John-Paul Ford Rojas

2 weeks ago | thisismoney.co.uk | John-Paul Ford Rojas

EY has been fined £4.9million over its botched audits of Thomas Cook before the travel agent collapsed six years ago. The Financial Reporting Council (FRC) identified failings related to the big four accountant’s assessment of the High Street holiday group’s financial statements for 2017 and 2018. Thomas Cook – the world’s oldest travel agent, dating back to the 1840s – went bust in 2019 resulting in 9,000 job losses and leaving 150,000 holidaymakers stranded overseas.

2 weeks ago | thisismoney.co.uk | John-Paul Ford Rojas

Donald Trump’s trade war will have a ‘chilling effect’ on UK growth, a leading Bank of England official has warned. As market carnage showed little sign of abating yesterday, Sarah Breeden, deputy governor at the Bank, said that ‘overall, tariffs are likely to lower UK growth’. The comments came as Wall Street markets sold off again, giving up much of the gains they had enjoyed a day earlier when Trump announced a 90-day suspension of his plans in relation to most countries.

2 weeks ago | expressdigest.com | John-Paul Ford Rojas

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2 weeks ago | msn.com | John-Paul Ford Rojas

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2 weeks ago | thisismoney.co.uk | Jessica Clark |John-Paul Ford Rojas

The Bank of England’s deputy governor last night warned that Donald Trump’s trade war will ‘depress activity’ as officials weigh up how to respond to the turmoil. Clare Lombardelli said officials would assess how it would affect inflation and the wider economy ahead of the Bank’s next interest rate decision next month. Markets are now betting that the Bank of England will cut interest rates three or four more times this year.