News in brief.
Sir Michael Peat, currently chief financial officer at Buckingham Palace, is set to become Prince Charles’ new private secretary. Unofficial reports suggested that Peat, former partner at KPMG, has already accepted the position, but he dismissed them as pure speculation. Peat has frozen the value of royal salaries at £7.9m until 2011, reducing the cost to taxpayers by £37m a year.
Go to www.accountancyage.com/News/1122024 for the full story.