Happy Friday, everyone. Welcome to today’s 9am Lowdown.
UK inflation reaches five-year high of three percent, raising pressure on the Bank of England to raise interest rates for first time in a decade. (Financial Times)
HSBC and Standard Chartered face UK financial regulators and Serious Fraud Office investigation over South African corruption scandal. (BBC)
The Fédération Internationale de l’Automobile (FIA), Formula One’s governing body, has been advised to introduce a whistleblowing system to prevent corruption following an investigation by the consultancy firm Deloitte. (Independent)
Conservatives urge Theresa May to walk away from Brexit talks if EU27 continue refusing to discuss trade. (The Guardian)
New on AccountingWEB
Hugh Johnson explains why setting up a date table is the second most useful thing in a Power BI Desktop after you’ve added your Sage 50 data.
On the blogs, mrme89 tells his experience with probationary periods.
And on the Industry Insights, TaxCalc confirms the addition of spreadhsheet, income tax and VAT filing functionality as part of its MTD Solution.
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