May puts sticking plaster on homes crisis

“The government believes there is evidence that allowing foreign buyers to snap up homes while paying the same duty as British residents “is inflating house prices”. …”

https://www.independent.co.uk/news/uk/politics/conservative-conference-stamp-duty-foreign-uk-home-buyers-theresa-may-housing-crisis-a8561136.html

Well, who would have guessed!

“Audit sector faces inquiry as minister points to deficiencies”

Interesting to note that a large number of people in East Devon have been pointing out deficiencies in internal and external audit foy YEARS!

https://eastdevonwatch.org/2014/09/17/please-dont-take-our-external-auditor-away-why-we-like-him-and-our-ceo-wants-the-same-auditor-at-both-councils-where-he-works/

https://eastdevonwatch.org/2015/01/15/a-question-for-the-swap-internal-auditor/

https://eastdevonwatch.org/2016/11/19/external-auditors-not-best-placed-to-review-local-plan-duh/

“The government has called for a comprehensive review of Britain’s auditing industry in what could herald huge changes to a sector dominated by the firms known as the big four.

Calls for reform have grown after the collapse of the construction giant Carillion and the former high street stalwart BHS revealed serious inadequacies in the auditing process.

The business secretary, Greg Clark, said it was “right to learn the lessons and apply them without delay” as he ordered the inquiry into competition within the industry where Deloitte, PwC, Ernst & Young and KPMG audit 98% of the UK’s largest listed companies.

“The collapse of Carillion exposed deficiencies in an audit process, where the market is dominated by just four large firms,” Clark said, in an interview with the Financial Times.

He added: “We know competition is one of the key drivers for maintaining and improving standards, so I have asked the Competition and Markets Authority to consider looking again at what can be done to improve the audit sector.”

Thousands of jobs were lost following Carillion’s collapse in January, with a subsequent parliamentary report finding that Deloitte – which received £10m to be the outsourcing company’s internal auditor – had been either “unable or unwilling” to identify failings in financial controls, or “too readily ignored them”.

Ernst & Young was paid £10.8m for “six months of failed turnaround advice”. Elsewhere, PwC was fined £10m by the Financial Reporting Council (FRC) for signing off on the accounts of BHS, before its sale for £1. The retailer collapsed in 2016, prompting the loss of 11,000 jobs.

Frank Field, the chairman of the work and pensions committee, said poor business practices were “waved through by a cosy club of auditors, conflicted at every turn”.

The FRC has previously called for an inquiry into whether the big four should be broken up, with their audit divisions spun off. This year, Deloitte warned that such a measure could affect the UK’s standing as a global financial centre.

Labour welcomed the announcement, but claimed the Conservatives were “playing catch-up”. …”

https://www.theguardian.com/business/2018/sep/29/uk-mulls-audit-sector-reform-after-minister-admits-deficiencies

“The Tories Have Accidentally Revealed The Personal Mobile Numbers Of Hundreds Of MPs And Journalists On Their Conference App”

These are the people charged with our Brexit it negotiations and keeping the UK safe!!!

“The Conservative party has accidentally allowed the personal mobile phone numbers of hundreds of MPs, journalists, and party members to be revealed to the public on its conference app.

A security flaw allowed anyone who downloaded the app to log in as any attendee to the party conference, which begins in Birmingham tomorrow, using only their email address. No password was required to view any attendee’s personal details, including their mobile phone number.

BuzzFeed News was able to access the personal mobile phone numbers of cabinet ministers, MPs, journalists, and Tory party members within seconds.

Users of the app are also able to change the privacy settings of other attendees using only their email address, allowing anyone else using the app to search their name and then view their mobile number.

An MP who had their personal phone number tweeted out told BuzzFeed News: “CCHQ genuinely can’t be trusted to do anything. This is a serious security breach and no laughing matter. Whoever is responsible needs to go.”

Labour MP Jon Trickett said: “How can we trust this Tory Government with our country’s security when they can’t even build a conference app that keeps the data of their members, MPs and others attending safe and secure?”

Journalist Dawn Foster reported being able to log in as Boris Johnson and then view his personal mobile number.”

https://www.buzzfeed.com/alexwickham/the-tories-have-accidentally-revealed-the-personal-mobile

Hugo meets Exmouth’s Tristram – and praises the company he works for – incorporated in the Cayman Islands

Nice story about Swire meeting Tristram Harris from Exmouth:

“Tristram, from the Merchant Exmouth, was invited to the House of Commons to celebrate the 200th general manager appointment from Stonegate’s Pub Company’s pool of home-grown talent, having successfully completed the company’s award winning ‘Accelerator’ programme.”

http://www.exmouthjournal.co.uk/news/bar-to-boardroom-for-tristram-1-5713102

At least it would be nice if Stonegate Pub Company wasn’t incorporated in the Cayman Islands. And its directors were not all non-Devon based and with fingers in many, many pies and pints.

Developers (“Cranbrook Limited”) still seem to hold all the cards in the town

From Town Council website:

“For distribution – question: What is “Cranbrook Limited” referred to in the last line?

Town Council site:

“The Town Council has been advising previously that we have been chasing the Consortium to release householders from the rent charge deed and yesterday we received the following statement:

“The development partners, Persimmon Homes, Taylor Wimpey and Hallam are continuing to work with their agents to conclude the Estate Rent Charge audit process and Deed of Release on final payment of balances due from each household. Please bear with us as we complete these tasks. We will continue to liaise with the Town Council on this and update you further in due course.”

Whilst we are doing all we can to help progress this matter, the Town Council is not responsible for the development and distribution of the documentation which removes the rent charge deed from individual households – it is and remains the responsibility of Cranbrook Limited.

The Town Council will continue chasing this matter on a regular basis.”