Monday newspaper round-up: Fraud law, council tax bills, Supacat
By Michele Maatouk
Date: Monday 01 Sep 2025
(Sharecast News) - Norway has agreed a £10bn deal for anti-submarine warships that will be built in the UK, as the two countries plan joint operations in northern Europe to deal with increased Russian activity. The Ministry of Defence (MoD) said the agreement to build Type 26 frigates was the UK's biggest ever warship export deal by value, and Norway's biggest defence procurement deal. - Guardian
Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a corporate offence coming into force on Monday. Under the new "failure to prevent fraud" law, large companies can be held criminally liable where an "employee, agent, subsidiary or other 'associated person'" commits a fraud intending to benefit the organisation. - Guardian
Reform has vowed to slash council tax bills by up to £350 a year by rooting out waste across public sector pensions. Richard Tice, the party's deputy leader, will on Monday unveil plans to overhaul council-controlled pension funds, which he says are failing to deliver value for money after becoming blinded by net zero. - Telegraph
A British Army supplier has warned that up to 150 jobs are under threat amid a "feast and famine" approach to military equipment purchases. Supacat, based near Honiton in Devon, said roles were at risk as it comes to the end of contract to deliver 123 all-terrain Jackal vehicles to the Ministry of Defence with no certainty around future orders. - Telegraph
Aberdeen is in exclusive talks to sell Finimize, the investment insights platform it bought just four years ago, as its new chief executive unwinds another chunk of his predecessor's legacy. Sky News understands the FTSE-250 asset management group has narrowed its search for a buyer for Finimize to a single party. - Sky News
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