PRESS DIGEST-Financial Times - Dec 7

Headlines - KPMG plans merger of UK and Swiss businesses - Immigration minister quits as Sunak unveils new Rwanda asylum bill - Boris Johnson admits UK 'vastly underestimated' Covid threat - Hedge fund Muddy Waters shorts Blackstone mortgage trust - Michael Gove's ground rent reforms risk backlash from UK investors Overview - KPMG is planning to merge its UK and Swiss businesses in a tie-up that executives hope can boost growth and profits at the smallest of accounting's Big Four.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- KPMG plans merger of UK and Swiss businesses - Immigration minister quits as Sunak unveils new Rwanda asylum bill

- Boris Johnson admits UK 'vastly underestimated' Covid threat - Hedge fund Muddy Waters shorts Blackstone mortgage trust

- Michael Gove's ground rent reforms risk backlash from UK investors Overview

- KPMG is planning to merge its UK and Swiss businesses in a tie-up that executives hope can boost growth and profits at the smallest of accounting's Big Four. - UK immigration minister Robert Jenrick quit on Wednesday as Rishi Sunak's last-ditch attempt to save his Rwanda asylum policy with "emergency" legislation unleashed a rightwing Conservative backlash.

- Former UK Prime Minister Boris Johnson has admitted his government "vastly underestimated" the dangers posed by Covid-19 and displayed "incoherence" in early 2020, in his testimony to the public inquiry into the UK's response to the pandemic. - Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone.

- UK levelling up secretary Michael Gove's plans to cap ground rents in England and Wales risks leaving the government open to a multibillion-pound compensation claim from institutional investors, a trade body has warned. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)