United Kingdom

Ukraine Furniture Procurement Notice

The UK's Foreign, Commonwealth and Development Office, through the Partnership Fund for a Resilient Ukraine, has published a procurement notice for furniture supply. The tender closes on March 27, 2026, with a contract value of £1 and a term of one year, commencing April 15, 2026.

UK Government Property Refurbishment Contract Notice

UK Government's DIO, via Amey, has published a contract notice for property refurbishment works in the East Midlands, valued between £113,000 and £348,000. This notice is an open future opportunity, with an approach to market date of 20 March 2026.

M6 Lune Gorge Brickwork Contract Opportunity

Kier Transportation has published a contract notice for masonry and bricklaying work on the M6 Lune Gorge project, valued at £300,000. Interested suppliers must submit their applications by 5pm on 20 March 2026.

Biogas Site Electrocution: Two Companies Fined After Worker Death

The UK Health and Safety Executive (HSE) announced that two companies, Willand O&M Ltd and New Wave Marine Ltd, have been fined following the death of Carl Parsons and serious injury to Luke Madavan at a Devon biogas site. The incident occurred when a cherry picker struck an overhead powerline, and investigations revealed ignored safety warnings.

FRC Consultation on Temporary Amendment to Third Country Auditor Policy

The UK's Financial Reporting Council (FRC) is consulting on a temporary amendment to its Third Country Auditor (TCA) policy. The proposed change would allow auditors of Chinese-registered entities listing Global Depositary Receipts (GDRs) in London to use Chinese Standards on Auditing (CSAs) temporarily, aiming to boost capital flow and London's market competitiveness.

FRC Closes Investigation into Ernst & Young LLP Audit

The UK's Financial Reporting Council (FRC) has closed its investigation into audits conducted by Ernst & Young LLP for a Public Interest Entity for the years 2021 and 2022. The FRC's Executive Counsel decided not to bring enforcement action against the firm.

FRC Feedback on UK XBRL Taxonomy Proposals

The Financial Reporting Council (FRC) has published a feedback statement on proposed technical changes to the UK and Irish Digital Reporting Taxonomy Suite. The statement summarises stakeholder responses to a discussion paper and will inform the FRC's ongoing development of the Taxonomy project.

FRC Amends FRS 102 for Balance Sheet and Profit/Loss Accounts

The Financial Reporting Council (FRC) has issued amendments to FRS 102, effective for accounting periods beginning on or after January 1, 2027. These changes update the framework for companies adapting their balance sheet and profit and loss account formats, maintaining alignment with IFRS. Entities not adapting their formats will not be affected.

Financial Reporting Council Chair Sir Jan du Plessis to retire

The Financial Reporting Council (FRC) announced that its Chair, Sir Jan du Plessis, will retire at the end of September 2026. His tenure has been marked by significant reforms in audit, corporate governance, and reporting standards.

Pension Value, Costs, and Service Quality Publication Proposals

The FCA, DWP, and The Pensions Regulator have proposed new measures requiring pension schemes to publish data on performance, costs, and service quality. These proposals aim to ensure savers receive good value and are open for comment until March 8, 2026.