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CA daily briefing: Thursday 14 May

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By Hilde Oesterkloeft, ICAS

14 May 2020

Your essential briefing of the morning's top news stories.

Good morning, Hilde Oesterkloeft here with today's news

The latest from ICAS

We highlight the main points in the ICAS response to the IASB proposed amendment to IFRS 16, Leases, during COVID-19.

This analysis focuses on the impact of the Coronavirus (Scotland) (No.2) Bill (‘the No.2 Bill’) on restructuring and insolvency practice in Scotland during its period of operation.

Justine Riccomini explains the latest developments on the Coronavirus Job Retention Scheme (CJRS). 

Today's top stories from around the web

  • Fed warns of slow recovery without more virus relief (BBC News)
  • Government urged to help property market recover amid UK house price slump (City AM)
  • UK plans to cut tariffs on US agricultural imports: FT (Reuters)
  • Treasury considers tax hikes and pay freezes to cover COVID-19 costs (The Guardian)
  • Coronavirus: 110,000 claims for self-employed aid scheme on opening (Sky News)
  • Coronavirus: Uber and Addison Lee to install protective screens (BBC News)
  • Airbus could cut 10,000 jobs amid coronavirus travel slump (City AM)
  • Lloyd's of London to pay up to $4.3 billion in coronavirus claims (Reuters)
  • Coronavirus: WH Smith revenues plunge 85% as it takes 'significant hit' (Sky News)
  • Primark tightens belt as High Street suffers (Accountancy Daily)
  • Stocks drop as virus recovery begins to look distant (Reuters)

That's all for now. Check back tomorrow for your Friday briefing.

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