Big Four maintains stranglehold on UK audits

5 December 2025 · 11m

FT News Briefing

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The Big Four accounting firms maintained their iron grip on auditing the UK’s largest companies last year, the industry watchdog has found. Plus, Japan’s economic normalisation could impact global bond markets.

Mentioned in this podcast:

Big Four maintain stranglehold on biggest UK audits

US senators seek to block Nvidia sales of advanced chips to China

Japan’s economic normalisation will affect global liquidity

Japanese 10-year bond yields rise to highest level since 2007

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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