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The Financial Times’ lead story concerns scandal-hit German payments firm Wirecard, which filed for insolvency this week. The FT reports that auditors EY “failed for more than three years to request crucial account information from a Singapore bank” where it “claimed it had up to €1bn in cash”. The paper says the “routine audit procedure” could have “uncovered the vast fraud”. EY declined to comment, the paper says.

Financial Times Front Page 14th of June 2024

Labour leader Sir Keir Starmer has announced an £8.6 billion tax increase plan aimed at stimulating economic growth and addressing perceived mishandlings by the Conservative government, with significant focus on funding for the NHS and education and cracking down on tax avoidance.

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