& Young ITEM Club has warned that the economy is ‘skating on thin ice’
because of excessive household debt.
The ITEM club said the current benign macroeconomic environment had made both
individuals and firms overly relaxed about risk, inflating asset values and
transactions and boosting borrowing and spending.
‘Many people are following the chancellor’s lead and are borrowing to finance
consumption,’ said Peter Spencer, the ITEM Club’s chief economic adviser.
The ITEM Club predicted the economy will expand by 2.9%t this year, in line
with the chancellor’s 2.75% to 3.25% forecast.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed