A 28% drop in wealth held in housing and equities has erased £1.9 trillion of
UK household wealth since the beginning of the credit crunch in July 2007,
This works out to around £40,000 per adult, according to PwC, although it
concedes that this estimate of loss would vary “considerably” across the UK
In total, a staggering 130% of Britain’s GDP has been wiped out. PwC
estimates that this could ultimately reduce UK expenditure by up to £45bn, or 3%
The losses comprised a 20% drop in house prices, totalling £800bn, with the
£1.1 trillion that has been subtracted from the stock market since mid-2007.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team