The European Court of Justice (ECJ) has ruled that heavily subsidised transport of school pupils is not classed as an economic activity, as it does not match the approach usually adopted by transport service providers, which means that local authorities cannot recover VAT if they provide this service in a Dutch ruling which could affect UK councils 

The Financial Reporting Council (FRC) is planning to issue further guidance on nomination committees as part of a review into the guidance of board effectiveness following criticism of the lack of diversity in appointments and the succession plans for companies