KPMG To Shut Private Members' Club

KPMG appears to be facing a financial squeeze, as it is preparing to shut down its private members’ club in Mayfair and move staff to Reading as part of efforts to trim £100m in costs.

The Telegraph reports that KPMG is exploring plans to close the five-storey townhouse at 20 Grosvenor Street, which boasts a rooftop terrace, restaurant and private meeting rooms.

KPMG will also transfer most of its marketing department from Canary Wharf to Reading.

It is understood that around 50 roles were placed at risk of redundancy as a result of the restructure.

Known as Number Twenty, the facility was set up only four years ago to entertain clients.

Brexit 50p Piece Production Nixed

BREAKING Sajid Javid has "postponed" production of the new Brexit 50p coins due to the likelihood that the UK will not leave the European Union next Thursday.https://t.co/dh5kbLuWrj

— Christopher Hope📝 (@christopherhope) October 25, 2019

In the event any of these coins have already gone into circulation, look out for them they will be worth a mint!

The Trade War Continues

CHINA SEEKING $2.4B IN RETALIATORY SANCTIONS VS U.S.: REUTERS

— zerohedge (@zerohedge) October 21, 2019

I thought Trump said they were ready to do a deal?

Mark Carney Displays "Remarkable" Foresight!

Mark Carney tells the Treasury Select Committee that 'there will be material moves' in the value of the pound in the run up to the October 31 Brexit deadline.

He says those moves could go either way depending on events. 📈📉

— Jack Maidment (@jrmaidment) October 15, 2019

Business Committee Sticking The Knife Into Thomas Cook Board

Business Committee hearing from the CEO, Chair, CFO, audit ctte chair and head of the remuneration committee of Thomas Cook in a sec. 👀 Live on BBC Parliament obvs

— Alex Partridge 🚡 (@alexpartridge87) October 15, 2019

The Board saddled the company with debts that it could not afford.

.@RachelReevesMP @CommonsBEIS chair: "It was not a complex business, the complexity was the debt you saddled the company with... The truth is you failed... these debts caught up with you"

— Paul Kelso (@pkelso) October 15, 2019

Happy 50th Birthday To The 50p Piece

It's been 50 years of the 50p! To celebrate we look back at how things have changed since 1969: https://t.co/eGW7sbgoWG pic.twitter.com/DHOOrzuyi7

— Lloyds Bank News (@LloydsBankNews) October 14, 2019

Hays To Buy All 555 Thomas Cook Stores

Rival buys all 555 Thomas Cook stores https://t.co/Ys6vfULk0H

— BBC News (UK) (@BBCNews) October 9, 2019

ECB Ignores Risk of No Deal Brexit

ECB'S DE GUINDOS SAYS WE HAVE NOT INCLUDED IN THE BASELINE THE POSSIBILITY OF A NO-DEAL BREXIT, OR EVEN AN ESCALATION OF TRADE TENSIONS, IF THESE DOWNWARD RISKS MATERIALISE, THE GROWTH OUTLOOK WILL DETERIORATE FURTHER - RTRS

— Martin Baccardax (@mdbaccardax) October 9, 2019

Brexit Uncertainty Is Fucking Up The Economy

September UK #PMI surveys indicated the second-largest monthly fall in business activity since the global financial crisis, pointing to a second successive quarterly drop in #GDP 1/ pic.twitter.com/X8Du68hbyU

— Chris Williamson (@WilliamsonChris) October 3, 2019