Narrative reporting, a concept attracting growing interest around the world, is intended to shed light on management thinking and help investors understand a company’s prospects.
But in the UK in recent weeks it is the government, not companies, that have been at the centre of the narrative.
As legislation that took seven years to build was steamrollered, the coherence of government thinking on narrative reporting was called into doubt, as was the prospect of investors getting any useful information at all.
The political story of operational and financial reviews – the UK’s name for narrative reports that were to become mandatory for year ends – is far from over.
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