PracticeAuditBlair refuses to rush audit improvements

Blair refuses to rush audit improvements

Prime minister Tony Blair promised action to restore confidence in the City following Enron, WorldCom and other scandals during his second prime ministerial press conference - but refused to be rushed.

He pointed to the proposals announced yesterday (Wednesday) by trade secretary Patricia Hewitt and insisted what was required was a ‘considered response’.

He said he wanted to get the right answers rather than aim for the quickest, adding: ‘We cannot and should not be rushed simply because the issue is in the news.’

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