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%
Corporations devour. They have no loyalty to any people, place, product, govt. There is a never-ending chase for more and more profit. No qualms about ripping off people, tax abuse and fiddles, wherever they can getaway with it. Then they moan about regulation.
UK watchdogs need to step in on rip-off bills, which are bad for consumers and the economy | Heather Stewart
From mobiles to insurance and subscriptions, firms are able to exploit the fact they know more than customers
www.theguardian.com
From mobiles to insurance and subscriptions, firms exploit customers.
Profiteering is rife and inflation is baked in the system. Rip-off practices in water, energy, insurance, internet, banking, insurance, elsewhere.
There is lack of competition; poor regulation and toothless regulators.
Profiteering is rife and inflation is baked in the system. Rip-off practices in water, energy, insurance, internet, banking, insurance, elsewhere.
There is lack of competition; poor regulation and toothless regulators.
Stories from court as home repossessions hit five-year high
BBC journalists in the East of England and London attended various county courts as mortgage-holders and renters appeared in front of judges.
www.bbc.co.uk
Mortgage repossession orders in England and Wales reached 10,853 in 2024-5 - the highest number in five years.
Tragedy for thousands - years of austerity, real wage cuts, insecure jobs, over-lending, hike in house prices by builders and estate agents.
Bankers profit from repossessions.
Tragedy for thousands - years of austerity, real wage cuts, insecure jobs, over-lending, hike in house prices by builders and estate agents.
Bankers profit from repossessions.
Millionaires call on Rachel Reeves to raise their taxes in Budget
Two wealthy businessmen say the chancellor should make them pay more ahead of the Budget.
www.bbc.co.uk
UK millionaires say 'we want to pay more tax'.
Why is that UK govts only listen to the rich who resent paying tax and decent wages?
The rich can't feel secure whilst masses live in poverty. Poor people can't buy goods/services to boost the economy.
Why is that UK govts only listen to the rich who resent paying tax and decent wages?
The rich can't feel secure whilst masses live in poverty. Poor people can't buy goods/services to boost the economy.
There is a market for silence. Who would want an auditor who is too vigilant?
It is a repetition of the Tesco scandal.
WH Smith CEO quits after accounting error that wiped almost £600m off value
Company slashes profit outlook as it takes hit from blunder in North American division
www.theguardian.com
WH Smith CEO quits after accounting error wiped £600m off value.
What golden goodbye has he got?
£30m supplier discounts prematurely booked.
Why did the board, audit committee, non-exec directors, internal auditors, external auditor PwC not know?
What golden goodbye has he got?
£30m supplier discounts prematurely booked.
Why did the board, audit committee, non-exec directors, internal auditors, external auditor PwC not know?
NHS failing to cut waiting times as promised in recovery plan, report warns
Public accounts committee finds Labour’s progress ‘appears to have stalled’ despite billions of pounds in investment
www.theguardian.com
NHS failing to cut waiting times as promised in recovery plan.
Bad inheritance from 14 yrs of Tory rule.
Not helped by another reorganization costing billions, low staff morale.
Billions wasted through PFI, privatisations. Govt planning more of the same, leaves less for frontline services.
Bad inheritance from 14 yrs of Tory rule.
Not helped by another reorganization costing billions, low staff morale.
Billions wasted through PFI, privatisations. Govt planning more of the same, leaves less for frontline services.
Hotel adverts banned by watchdog over misleadingly cheap rooms
Ads for Hilton, Travelodge, Booking.com and Accor are banned by the Advertising Standards Authority.
www.bbc.co.uk
Adverts from Hilton hotel group, Travelodge, Booking. com and Accor banned for misleading minimum prices for rooms.
It is that "from" price which you rarely get.
All part of the plan to entrap customers, boost profits, exec pay.
Execs not fined for misleading ads. So it goes on
It is that "from" price which you rarely get.
All part of the plan to entrap customers, boost profits, exec pay.
Execs not fined for misleading ads. So it goes on
Ultra-processed food linked to harm in every major human organ, study finds
World’s largest scientific review warns consumption of UPFs poses seismic threat to global health and wellbeing
www.theguardian.com
Ultra-processed food (UPF) is linked to harm in every major organ system of the human body .
Increased risk of a dozen health conditions, including obesity, type 2 diabetes, heart disease and depression.
Companies know but inflict harms to boost profits. Need effective regulation.
Increased risk of a dozen health conditions, including obesity, type 2 diabetes, heart disease and depression.
Companies know but inflict harms to boost profits. Need effective regulation.
Competition watchdog investigating eight firms over online pricing
The Competition and Markets Authority is taking the action following a review of online pricing and sales practices.
www.bbc.co.uk
StubHub, Viagogo, AA Driving School, BSM Driving School, Gold's Gym, Wayfair, Appliances Direct and Marks Electrical investigated for online pricing.
Practices such as mandatory additional charges, time limited sales and automatic opt-ins rip people off.
Why can't companies be ethical?
Practices such as mandatory additional charges, time limited sales and automatic opt-ins rip people off.
Why can't companies be ethical?