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(From Financial Director)
Higgs held up
The Financial Reporting Council announced on 14 May that elements of the Higgs and Smith reports would not automatically be adopted into the combined code. The FRC hopes to have a draft of the new combined code finished by July this year. www.frc.org.uk
Taxing time
The Chartered Institute of Taxation has warned that not enough time has been set aside for consultation on the Finance Bill. It says that its plans for VAT security, special-purpose vehicles and share options have not been properly scrutinised. www.tax.org.uk
Decline in orders
The latest CBI quarterly industrial trends survey finds that ...