CA daily briefing: Tuesday 16 June
Your essential briefing of the morning's top news stories.
Good morning, Andrew Harbison here to give you this morning's latest news and updates.
The latest from ICAS
ICAS has produced guidance to assist preparers on how to account for some of the Government support measures that have been introduced during COVID-19. Ann Adrain provides a brief summary of the guidance in her latest article.
Today's top stories from around the web
- More than 600,000 UK workers lose their jobs amid lockdown (BBC News)
- Restaurant bosses call for VAT cut as dining out sector braces for difficult return to business (City AM)
- EasyJet says deferred aircraft to be delivered in 2025-2027 (Reuters)
- BP expects to take $17.5bn hit due to coronavirus writedown (The Guardian)
- Receipt Bank acquires Xero app partner (Accountants Daily)
- UK and EU see Brexit deal a step closer after Johnson call (Bloomberg)
- EU must act urgently on fiscal measures, ECB says (Reuters)
- Facebook launches WhatsApp digital payment service (BBC News)
- Economies across the globe will be downgraded, says IMF (Sky News)
- FTSE 100 bounces back as Fed announces additional stimulus (City AM)
- Charities innovate online to make up a multi-billion pound hit in revenue (Sky News)
That's all for now. Check back tomorrow for your Wednesday briefing.