Save content
Have you found this content useful? Use the button above to save it to your profile.
AIA

9am Lowdown: Carney warns on Eurozone

by
29th Jan 2015
Save content
Have you found this content useful? Use the button above to save it to your profile.

A Eurozone warning, a US accountant getting sued and Deloitte saves its top spot among the Big Four. It's the 9am Lowdown.

Carney warns on Eurozone

Speaking in Dublin, the Bank of England governor warned the current structure of the Eurozone puts it in an "odd position".

He said sharing a currency without also sharing fiscal risks such as decisions on taxes and spending did not work.

* * * 

Deloitte keeps Big Four top slot

The Internaional Accounting Bulletin world survey said Deloitte achieved total fees including consultancy work of $34.2bn in 2014, giving it a $248m lead over second-placed PwC.

It added that the Big Four firms had kept their grip on the audit market in the face of regulatory changes. 

* * *

My Name is Earl star sues accountant

Actress Jaime Pressly has filed a lawsuit against Daniel Rivero, claiming he is responsible for errors which have left her owing over $850,000 (£559,000) in back income taxes, while she has also allegedly lost $170,000 (£112,000) in faulty investments on his advice.

* * *

SA chat last chance

It's your last chance to avail of HMRC's online self assessment chat service. If you have a general query, you can sign up for the online chat here today.

Tags:

You might also be interested in

Replies (2)

Please login or register to join the discussion.

Out of my mind
By runningmate
29th Jan 2015 14:26

Mr Carney has a point

I think Mr Carney has a point about the Eurozone.  The most obvious problem is Greece but more generally without common fiscal management sooner or later the wheels will come off altogether.

That however is a separate question from 'Should the UK remain in the EU?'.

RM

Thanks (0)
Chris M
By mr. mischief
30th Jan 2015 07:31

Bad debts

In my view EVERY bad debt has 2 culprits:

An imprudent borrower, and

An imprudent lender

The fundamental problem with the eurozone solution is that 90% of the hair shirt was heaped on the imprudent borrowers, only 10% on the lenders.

So in that sense what Greece wants is fair enough.

Thanks (0)