21 May 2026

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UK news headlines

UK accounting sector hits record high for monthly revenue

Gov.uk chatbot accused of offering 'misleading' tax advice

Job cuts at Big Four firms fuel worker burnout

EY retracts study after researchers discover AI hallucinations

Concerns over £40bn M&A offensive targeting ‘cheap’ companies

EY pay over £100m to settle NMC Health court conflict

Government cracks down late payment, which 'closes 38 businesses a day'

Scottish Power clashes with HMRC in court over £28m penalty

International news headlines

Evergrande liquidators sue PwC for US$8bn for ‘audit negligence’

UK fines Deutsche Bank £160,000 for Russia sanctions breaches

Tortilla Mexican Grill finds £2.5m accounting hole in French business

Johannesburg faces power cuts over unpaid US$408m electricity debt

AIB and Bank of Ireland join euro stablecoin consortium

Goldman Sachs to lead SpaceX’s record US$1.75 trillion IPO

€55m payout for Shakira as Spanish court overturns tax fines

Big tech bets on new mascots in bid to seem more cuddly

Highlighted articles from AB magazine this week

New CPD articles from AB

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