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The European Parliament elections on 23 May are probably the strangest national elections ever held in the UK – unexpected and largely unwanted. But that does not make them meaningless.
So far the accountancy profession has escaped much of the criticism levelled at the rest of the financial services industry over the last 10 years. But with some high-profile corporate failures and major profit warnings raising the question “where were the auditors?”, this may be about to change.
Britain’s political system, hitherto seen by most observers as stable and pragmatic while flexible enough to handle most events, has found itself trapped in an insoluble impasse. It is not easy to see how MPs find a solution, and the long term damage to British democracy may be substantial.
There is more than a passing resemblance between Mrs May, as she tries repeatedly to win approval for her Withdrawal Agreement, and the legendary King Sisyphus of Corinth, who was similarly condemned to labour at an onerous, endless and ultimately unsuccessful task.