CA daily briefing: Friday 15 May

Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here with the latest news and updates.
The latest from ICAS
Catch up on the Mental Fitness in Focus webinar featuring a conversation with Lianne Stewart CA and Jonny Jacobs CA.
HMRC has provided an update on a range of IHT issues arising from COVID-19, including details of adjustments to some of their processes.
Justine Riccomini informs members of the updates to the Coronavirus Job Retention Scheme fact sheet.
Today's top stories from around the web
- Coronavirus: West Coast trains introduce social distancing (BBC News)
- BT reportedly in talks to sell £20bn stake in Openreach (City AM)
- Pandemic stirs Wall Street’s social conscience (Reuters)
- UK budget deficit to rise to £300bn this year, OBR says (The Guardian)
- Coronavirus: WTO head steps down a year early as downturn looms (BBC News)
- UK manufacturers less confident about swift return to work - survey (Reuters)
- TfL agrees £1.6bn bailout deal with government (City AM)
- Stock markets slump as hopes fade for swift economic recovery (The Guardian)
- Coronavirus: British Airways boss rebukes government for ‘setting back recovery plans’ (The Independent)
- MoD slammed over ‘ballooning’ nuclear infrastructure project costs (Accountancy Daily)
- Coronavirus 'could cost global economy $8.8tn' says ADB (BBC News)
That's all for now. Check back next week for your Monday briefing.