Prem Sikka
@premnsikka.bsky.social
Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.
Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more
Business
56%
Economics
31%
I am sure it was idealized but energized a lot of people and civil rights movements.
We need to get serious about tackling corruption through political donations
The government's reforms are welcome but they won't end political corruption
leftfootforward.org
Abraham Lincoln associated democracy with “government of the people, by the people, for the people”.
Possibilities are subverted as corporations and super-rich buy political parties and legislators
Yet no govt wants to ban political donations which buy influence/power for the super-rich.
Possibilities are subverted as corporations and super-rich buy political parties and legislators
Yet no govt wants to ban political donations which buy influence/power for the super-rich.
Delisted companies taking on debt to fund $2.7bn dividends
Darktrace and Aggreko are among former London Stock Exchange stalwarts to have generated payouts for private equity owners
www.thetimes.com
UK biggest companies rack up debt to pay dividends to private equity owners.
$2.7bn debt-fuelled dividends over the past 5 years.
Darktrace, Aggreko, Homeserve and Signature Aviation facing higher debt.
Courting disaster.
Successive govts failed to reform corporate governance.
archive.ph/0qIvA
$2.7bn debt-fuelled dividends over the past 5 years.
Darktrace, Aggreko, Homeserve and Signature Aviation facing higher debt.
Courting disaster.
Successive govts failed to reform corporate governance.
archive.ph/0qIvA
Government abandons plans to delay 30 council elections
All English elections will now go ahead as originally planned after Reform UK brought a legal challenge over the decision to delay some polls.
www.bbc.co.uk
Govt has abandoned plans to delay 30 council elections in England, following advice this could be unlawful.
Legal challenge mounted by Reform. Govt to pay Reform's legal costs.
What legal advice did Ministers obtain before suspending elections?
Another inept policy decision by Starmer.
Legal challenge mounted by Reform. Govt to pay Reform's legal costs.
What legal advice did Ministers obtain before suspending elections?
Another inept policy decision by Starmer.
KPMG partner fined for using artificial intelligence to cheat in AI training test
Firm says person fined A$10,000 is one of over two dozen staff in Australia caught using AI in exams since July
www.theguardian.com
KPMG Australia partner fined for using artificial intelligence to cheat in AI training test.
Cheating is in the DNA - Fined $25m by the US regulator for cheating and lying.
Fined £14.4m by UK regulator for providing false info about Carillion audits.
Fines passed to customers. Firm still trades.
Cheating is in the DNA - Fined $25m by the US regulator for cheating and lying.
Fined £14.4m by UK regulator for providing false info about Carillion audits.
Fines passed to customers. Firm still trades.
FCA fines former chief executive of Carillion plc (in liquidation)
The FCA has fined Richard Howson £237,700 for his part in misleading statements being issued by Carillion plc.
www.fca.org.uk
8 years after the collapse, Carillion CEO is fined £237,700.
The FCA says he was "aware of serious financial troubles ... failed to reflect this in company announcements".
8 years ... imagine if it was a less wealthy person.
Tory/Labour Govts promised corporate governance reform. None delivered.
The FCA says he was "aware of serious financial troubles ... failed to reflect this in company announcements".
8 years ... imagine if it was a less wealthy person.
Tory/Labour Govts promised corporate governance reform. None delivered.
Royal Mail staff tell BBC letters sit undelivered as firm prioritises parcels
Staff and customers tell the BBC prioritising parcels can mean missed NHS appointments and late payment fines.
www.bbc.co.uk
Cost of Privatisation
Royal Mail letters sit undelivered 'for weeks', parcels prioritised
RM doesn't meet letter delivery targets. Urgent letters missed. Fines passed to customers
Profiteering:
Price Now: Ist class stamp £1.70; 2nd class 87p.
When privatised in 2013: 1st class 60p; 2nd class 50p.
Royal Mail letters sit undelivered 'for weeks', parcels prioritised
RM doesn't meet letter delivery targets. Urgent letters missed. Fines passed to customers
Profiteering:
Price Now: Ist class stamp £1.70; 2nd class 87p.
When privatised in 2013: 1st class 60p; 2nd class 50p.
Reposted by Margot C. Finn, Pauline Stafford
Gender pay gap won't close until 2056, warns Trades Union Congress
The average woman employee
www.bbc.co.uk
Gender pay gap won't close for another 30 years.
Myth of equality used to hike women's state pension age.
Women hold 69% of low-paid & insecure jobs.
Women hit first by benefit cuts, wage freezes, two-child benefit cap. More likely to be unpaid carers.
Why are govt policies loaded against women?
Myth of equality used to hike women's state pension age.
Women hold 69% of low-paid & insecure jobs.
Women hit first by benefit cuts, wage freezes, two-child benefit cap. More likely to be unpaid carers.
Why are govt policies loaded against women?
Reposted by Vaughan S. Roberts
Wetherspoon chairman urges hospitality sector to back Reform’s pub tax overhaul
Wetherspoon chairman Tim Martin has advised those in the hospitality industry to back Reform's plans for the pub sector
www.london-now.co.uk
Wetherspoon boss, a Reform UK funder, supports Farage because of pub-aid.
Cut beer duty by 10%
Cut VAT to 10% for hospitality sector
Reverse employers’ NIC
Remove business rates for pubs
To be paid by increasing child poverty ... Jeez.
Reform oppose workers rights, tax rises on the rich.
Cut beer duty by 10%
Cut VAT to 10% for hospitality sector
Reverse employers’ NIC
Remove business rates for pubs
To be paid by increasing child poverty ... Jeez.
Reform oppose workers rights, tax rises on the rich.
Cost of living crisis laid bare as almost half of Britons ‘have £25 at end of week’
Exclusive: Majority of UK adults forced to make difficult choices, with almost two-thirds found to be cutting back on essentials like food and heating
www.independent.co.uk
Cost of living crisis laid bare as almost half of Britons ‘have under £25 left at end of week’.
Real average wage unchanged since 2008.
24m Britons live below minimum living standard.
Poverty doesn't provide economic growth, justice, social stability.
Real average wage unchanged since 2008.
24m Britons live below minimum living standard.
Poverty doesn't provide economic growth, justice, social stability.
UK energy industry profits surge past £125bn since 2020
The Energy Industry Profits Tracker reveals £125bn in profits during the energy crisis, as the Chancellor mulls axing the energy profits levy
www.endfuelpoverty.org.uk
Energy giants generated over £125bn profits on their UK operations since 2020.
Some of the highest prices in the world.
Destroying industry fuelling inflation creating poverty.
120,000 people a year die in fuel poverty,
Govts appease corporations. None curbs profiteering.
Some of the highest prices in the world.
Destroying industry fuelling inflation creating poverty.
120,000 people a year die in fuel poverty,
Govts appease corporations. None curbs profiteering.
Unions and Labour MPs call on Starmer to end ‘narrow factional agenda’
Letter signed by 25 rebel MPs claims approach from the top is ‘increasingly unpopular’ with public
www.theguardian.com
Unions & Labour MPs call on Starmer to end 'narrow factional agenda'.
Authoritarian Starmer can't change. Left purged, local parties weakened, conference resolutions ignored.
Starmer withdrew whip from 7 MPs for opposing the two child benefit cap, now govt policy.
Need new leader, policy changes.
Authoritarian Starmer can't change. Left purged, local parties weakened, conference resolutions ignored.
Starmer withdrew whip from 7 MPs for opposing the two child benefit cap, now govt policy.
Need new leader, policy changes.
Penalty notice: Euro Car Parks fined £473,000 for ignoring regulator
High court refuses injunction to stop CMA naming company penalised for failing to hand over information
www.theguardian.com
Euro Car Parks fined £473,000 for ignoring UK regulator.
Despite reminders failed to hand over information to a regulator. Execs sought a high court injunction to stop the company being named.
£12m operating profit in 2024, £3.1m CEO pay.
Fines will be passed to customers. Why no fines on execs?
Despite reminders failed to hand over information to a regulator. Execs sought a high court injunction to stop the company being named.
£12m operating profit in 2024, £3.1m CEO pay.
Fines will be passed to customers. Why no fines on execs?