As private equity reshapes the accountancy sector, Matthew Sutton, chief growth officer at Burgess Hodgson, warns that long-term value depends on maintaining trusted client relationships and the critical importance of the professional services ethos, not driving bottom line profits 

As the reshuffle gets under way, Rachel Reeves resigns as chancellor and is out of the cabinet, reportedly offered a different job but rejecting offer

New prime minister Andy Burnham plans to ‘show the world that we can regain our stability’, while chancellor Rachel Reeves resigns