UK watchdog probes Deloitte's audits of Glencore's 2013-2020 accounts
The Financial Reporting Council (FRC) is examining whether Deloitte properly assessed the risk of legal and regulatory breaches during its audits.
Glencore and its unit, Glencore Energy UK Limited, have faced extensive investigations by government agencies in recent years over allegations of bribery and corruption.
Glencore declined to comment, while Deloitte did not immediately respond to a request for comment.
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The Sun
28 minutes ago
- The Sun
Charming English town is getting new £42million train station that will reopen key link shut for over 60 years
A RURAL English town has been given the green light for a new £42million train station that will reopen a vital link. After more than 60 years without a railway station, Cullompton has been granted funding by the Department of Transport and HM Treasury. 2 2 The announcement is set to turbo-charge the economy of the Devon town and provide desperately needed transport links for locals and visitors. The funding will also help to support plans for a new station in Wellington. Cullompton station first opened in 1844 and closed in 1964. The reopening will be key to enabling the Culm Garden Village development, which will create around 5,000 homes. The new station will also be next to the motorway services at Junction 28 of the M5. Councillor Jacqi Hodgson, Devon County Council Cabinet Member for Climate Change and Biodiversity, said: 'Further investment in rail infrastructure in Devon is always welcome and this railway station for Cullompton is key to the town's economic growth and will help reduce carbon emissions in the county. "People need improved public transport options if they're going to be encouraged to change their travel habits. "Hopefully Cullompton could follow the success of Okehampton Station and the re-opening of the Dartmoor Line, which is a great example of what can be achieved given the necessary funding from government.' In April, a delegation of 30 people from the region travelled to London to hand-deliver powerful letters of support to rail minister Lord Hendy. Backed by a cross-party group of South West MPs and Wellington Town Council, the letters stressed how restoring rail links to both Okehampton and nearby Wellington could unlock major economic, social and environmental benefits. Lord Hendy said: 'The stations would contribute to sustainable development, connecting new residential areas with regional employment, education and healthcare opportunities. "The case for taking a combined approach presents significantly higher value for money compared with a stand-alone project in either area.' He added: 'Reopening Cullompton and Wellington stations would be a strategic investment aligning with the Government's goals to drive economic growth, reduce environmental impact and improve social mobility.' Economic growth Gideon Amos, who also backed the scheme, said: 'For the cost of around £42 million, £180 million of economic growth would go into the region — which I know the Government would want to see. 'Frankly, there is no other rail project in the south-west that is ready to go and could be built and completed in the next two years, as the project is so far advanced. 'In fact, had it not been for the review in July last year, the spades would be in the ground and the platforms under construction, because the contract was about to be let and the detailed design was almost finished.' And Labour MP Simon Lightwood added in the Commons: 'The strategic objectives are clear. "Enhancing public transport connectivity will support growth and productivity in Exeter, Taunton and Bridgwater, while also reducing road congestion, car dependency and carbon emissions. ' He continued: 'The stations would contribute to sustainable development, connecting new residential areas with regional employment, education and healthcare opportunities." This comes as satellite images of a new £15million train station at Okehampton were revealed. The station, which will be the newest addition to the Dartmoor Line, connecting West Devon, Torridge and North Cornwall with Exeter and beyond, will also benefit education and leisure services in the region. GWR Regional Growth Manager David Whiteway said the project would provide "valuable support for the community and local economies". Satellite images show the rapid development of the £15million scheme, which is being funded by the Department for Transport with contributions from Devon County Council and West Devon Borough Council. Since work began in January, major progress has been made to create the new station on the edge of Okehampton, two minutes from the A30. In March, 300 metres of the single-line track was moved 90cm north to allow a new platform to be built alongside it.
The Independent
an hour ago
- The Independent
Labour must speed up plans to shut all asylum hotels, says party's red wall chief
Labour must shut down all asylum hotels 'a lot quicker' than its current plan to put a stop to them by the end of the current parliament in 2029, the chairman of the party's red wall group of MPs has said. Jo White, the MP for Bassetlaw, who leads a caucus of around 40 MPs in the party's traditional heartlands, said Chancellor Rachel Reeves ' plan to axe the use of asylum hotels by 2029 needed to be sped up. There are currently around 32,000 asylum seekers in hotels around the UK. Anti-migrant demonstrations last week outside one of those hotels, in Epping, led to more than a dozen arrests. The hotel was thrust into the spotlight after a man living there was charged with sexual assault, harassment and inciting a girl to engage in sexual activity. The man, from Ethiopia, has denied the offences and remains on remand in custody. Ms White told The Telegraph: 'There's a commitment to close down the hotels by the end of the parliamentary term. I think we all want it to be a lot, lot quicker than that.' 'There is a huge sense of unfairness because people work hard here in this country and commit to supporting the country and then there's the sense that what asylum hotels cost is a huge drag on what should be invested into our NHS, our schools and our infrastructure. 'So they have to close, we have to get those asylum hotels cleared out.' She added that she believes Labour ministers share her frustrations and went on to urge Sir Keir Starmer to 'stop the incentives' for those seeking to reach the UK illegally. A record 24,000 migrants have crossed the Channel so far this year, the highest tally for the first half of the year since records began in 2018. It represents a 48 per cent rise compared to the first six months of last year. Ms White welcomed home secretary Yvette Cooper 's plan to share asylum‑hotel locations with food‑delivery firms, calling it a sensible measure to crack down on illegal working. She also urged Sir Keir Starmer and Ms Cooper to revisit the idea of national identity cards, a proposal repeatedly ruled out by Downing Street. Reflecting on last week's demonstrations in Epping, however, she described the scenes as 'really frightening and quite scary', adding that while anger is understandable, violence against asylum seekers could not be condoned. It was revealed last week that plans to reduce the number of asylum hotels could see migrants rehoused in vacant residential properties and council‑owned homes. Public concern over the scheme has intensified as Sir Keir has vowed to significantly reduce both legal and illegal migration. At the same time, more than 40,000 failed asylum seekers remain in limbo, having appealed against their decisions and still requiring housing. A government spokesman said that since taking office, ministers had acted immediately to fix the asylum system, closing hotels and removing over 35,000 people with no right to be here.
Telegraph
an hour ago
- Telegraph
Mandelson ‘called Epstein my best pal'
Lord Mandelson called Jeffrey Epstein 'my best pal' in a birthday message, according to reports. The Labour grandee, Britain's ambassador to the United States, is alleged to have written the message for a birthday album put together for the paedophile financier's 50th birthday in 2003. Recent reports have rocked Washington amid claims that Donald Trump, the US president, and Bill Clinton, the former president, also sent letters for the album. Mr Trump fiercely denied the claims, while Mr Clinton has not commented. The letter from Lord Mandelson, in which he called Epstein 'my best pal', featured photographs of a tropical island and whiskey, according to The Wall Street Journal. The album is said to have been examined by the justice department when it investigated the paedophile, who was charged with sex trafficking in 2019 and later killed himself in his Manhattan prison cell. It marks an embarrassing development for Lord Mandelson both in the US, where high-profile figures are under pressure over their association with Epstein, and in Britain, where Sir Keir Starmer has previously been urged to sever ties with the ambassador over the relationship. A spokesman for Lord Mandelson declined to comment on the allegations. Dinner parties and shopping trips Epstein appeared to maintain a 'particularly close relationship' with Lord Mandelson, whom he affectionately referred to as 'Petie', according to court documents released two years ago. A 2002 New York Magazine article listed Lord Mandelson as a dinner-party guest at Epstein's Manhattan home, along with Mr Trump and Mr Clinton. Photographs have shown Lord Mandelson and Epstein shopping for clothes in the Caribbean in 2005, in which the former Cabinet minister tries on a white leather belt, and celebrating a birthday at the financier's Paris apartment in 2007. Earlier this year, Lord Mandelson claimed the media had an 'obsession' about his relationship with the paedophile. 'I regret ever meeting him or being introduced to him by his partner, Ghislaine Maxwell. I regret even more the hurt he caused to many young women,' he said. He added: 'I'm not going to go into this. It's an… obsession and frankly you can all f— off. Ok?' Mr Trump is under mounting pressure to release all the documents held by the US government on Epstein. So far, his administration has refused to do so despite calls for transparency by some of the president's closest allies, splitting his support base in the process. 'A pal is a wonderful thing' For the birthday album, Mr Trump reportedly sent a letter imagining a cryptic conversation with his then-friend in which he said they had 'certain things in common' and featured a drawing of a nude woman in permanent marker. Mr Trump also reportedly wrote 'enigmas never age' and ended the message with the words: 'A pal is a wonderful thing. Happy Birthday – and may every day be another wonderful secret.' The president has denied writing or sending the letter, and is suing The Wall Street Journal for defamation over the report. However, Mr Trump's name is listed among dozens of Epstein's acquaintances who were asked to contribute birthday messages for the album, The New York Times reported. A White House spokesman described the story as 'fake news'. Mr Clinton is said to have praised Epstein's 'childlike curiosity' in a birthday message to the paedophile in 2003. A spokesman declined to comment to the newspaper. Democrats in Congress have written to the Epstein estate's executors asking for an un-redacted copy of the album. Its existence and contents have not been independently verified by The Telegraph. Brad Edwards, a lawyer for hundreds of Epstein's victims, said on Thursday: 'I know the executors of the estate are in possession of that book.'
