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The Latest Breaking News from KPMG

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

Evening Standard

KPMG says the CPA qualification's '150-hour rule' needs to go

Educators often claim that accounting firms don’t pay enough to attract talent lured by lucrative salaries in other areas of business.

Fortune

Consumer confidence falls again amid ‘despondent mood’ ahead of October Budget

Chancellor Rachel Reeves has repeatedly warned of ‘tough choices’ at upcoming spending review, hitting consumer sentiment.

Evening Standard

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Deloitte cuts 250 UK jobs amid slowdown for consulting giants

A person familiar with the matter said the cuts are part of a ‘performance management’ process at the company.

Evening Standard

Tax veterans see protracted standoff over expiring breaks - Roll Call

The growing possibility of divided government next year has some predicting the 2025 tax fight could stretch into 2026 and beyond.

Roll Call

‘Many households still struggling’ as lenders report rise in mortgage defaults

A finance expert said that a Bank of England survey of lenders suggests that many households are still struggling in the current environment.

Evening Standard

Exclusive: AI fears and and 4-day workweek dreams: Here's what a survey of hundreds of interns reveals about Gen Z workers

The early-career Gen Zers want flexible schedules, a sense of belonging, and volunteering opportunities.

Fortune

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‘Many households still struggling’ as lenders report rise in mortgage defaults

A finance expert said that a Bank of England survey of lenders suggests that many households are still struggling in the current environment.

The Independent UK

C-suite leaders race to keep up with the rapid pace of AI before competitors take the lead

Businesses are struggling with the speed of technological change, according to new research.

Fortune

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

The Guardian - UK

Canberra's decline in young children in 'prime residential areas': report

But analysis also shows Canberra has bucked a national trend.

The Canberra Times

ExpressVPN has 18 independent audits under its belt – here’s why they're so important

ExpressVPN has undergone 18 independent audits to prove its no-logs promises. Here's everything you need to know about why these audits matter.

TechRadar

Steph Curry says he’s committed for life to Underrated Golf and the mission of diversifying the game

Basketball might be Curry's job and his greatest gift, but golf is undoubtedly his passion.

USA Today Sports Media Group

80% of CEOs say they’d rather promote an in-person employee

KPMG study illustrates the disconnect between executive and worker preferences.

Fortune

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Fortune

Lower mortgage rates aren’t igniting the housing market and there are two key reasons why, claims a top economist

They’re either holding out for rates to fall further or can’t get past how unaffordable it’s become to buy a home all around, KPMG’s chief economist said.

Evening Standard

Time to sell? House prices rise for first time in nearly two years

Housing market sentiment is improving following a modest decline in mortgage rates and growing buyer interest, Rics said.

Newcastle Herald

Why young professionals no longer need to leave Newcastle to thrive

'We've passed the threshold vacuum in several sectors.'

USA Today Sports Media Group

Stacy Lewis, driven by passion and armed with data, looks to end U.S. Solheim Cup drought in Virginia

Lewis worked with longtime LPGA partner KPMG to create a new analytics platform for the biennial event.

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The Guardian - UK

UK retail sales pick up as shoppers seek picnic and barbecue food

Sales of clothing and gardening products also leap but furniture and household appliances continue slide

The National (Scotland)

Scottish Labour MSP slammed over fat cat bankers' Holyrood reception

A SCOTTISH Labour MSP has been slammed over plans to host a boozy reception with banking giants in the Scottish Parliament.

The Guardian - UK

‘Scandalous’ £3.4bn UK state spending on private consultants last year

New figures reveal that public bodies paid out at least 60% more to consultancies in 2023-24 than it did pre-pandemic

The Canberra Times

Audit found 'misleading' reporting of digital health record costs

A board was told it was under budget, it ended up being $40m over.

The Canberra Times

Health bureaucrats lost sight of costs in digital health record rollout

The program was operating millions of dollars over budget.

The Guardian - UK

UK ministers give KPMG £223m contract despite consultancy spending pledge

Professional services firm to oversee training and development courses across civil service in 15-month deal

Fortune

Global fintech investment falls to $51.9 billion in the first half of 2024, says KPMG data

Worldwide tech investment (including private equity, VC, and M&A) dropped to $51.9 billion in the first half of this year, down from the $62.3 billion we saw in the second half of 2023, according to recently released data from KPMG.

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