Press Digest: Financial Times - Feb 4

Carillion

04/02/2022 01:01

Feb 4 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
    
    Headlines
    
    ** Households face worst squeeze on disposable incomes for
30 years, warns BoE https://on.ft.com/3rrA4kE
    
    ** Christine Lagarde fuels investor bets on ECB rate rises
with hawkish shift https://on.ft.com/32W7u1D
    
    ** KPMG sued for 1.3 bln stg over Carillion audit https://on.ft.com/3AWeBDK
 
    
    ** Northern Ireland first minister resigns over Brexit trade
rules https://on.ft.com/35H8hV3
 
    
    
    Overview
    
    ** Households will have to face a squeeze on their
disposable incomes for at least 30 years, with a 7.5% increase
in inflation, slowing economic growth, increasing unemployment
and rising taxes, The Bank of England has warned. 
    
    ** European Central Bank President Christine Lagarde
declined to rule out increasing interest rates this year,
despite a surge in consumer prices across Europe. 
    
    ** Liquidators of Carillion Plc  CLLN.L  have sued KPMG for 
1.3 billion pounds ($1.77 billion) as the former has alleged
that the auditor overlooked gaps in the accounts of the company,
which if identified could have prevented a collapse. 
    
    ** Paul Givan, Northern Ireland's first minister, has
resigned in protest of post Brexit policies that will lead to
border checks on agriculture and foods entering the region from
Britain.
      
($1 = 0.7353 pounds)

 (Compiled by Bengaluru newsroom)
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