Calls for audit reform grow after ISG found to owe £1bn Business Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]
Post Office: MPs to hold inquiry into compensation ‘unfinished business’ Politics MPs are set to launch an inquiry into the “unfinished business” of financial redress for victims of the Post Office Horizon scandal. The business and trade committee will hold a short probe focused on “fast and fair redress” for those affected by what has been dubbed the biggest miscarriage of justice in UK history. It [...]
DP World to attend government investment summit despite call to boycott P&O Transport and infrastructure DP World will attend the government’s international investment summit on Monday despite reports that a row over calls to boycott its subsidiary P&O Ferries had put a £1bn investment at risk. Dubai-based DP World was reported to have pulled out of the summit and put plans to announce a major investment in the UK under [...]
Labour seeks to balance P&O criticism after Starmer slaps down call for boycott October 12, 2024 A Labour MP has sought to balance criticism of P&O Ferries after reports the Transport Secretary’s call for a boycott of the company could have jeopardised a £1bn investment in the UK. Keir Starmer has said Louise Haigh’s call for a boycott of the ferry firm was “not the view of the Government”. Liam Byrne [...]