The Big Five firm expects a healthy 3.5% economic growth for 2000, underlying inflation below target at just over 2% and interest rates peaking at 6.5%, but E&Y’s ITEM economic advisor Peter Spence has warned that the UK could pay dearly for the positive figures.
He predicts the growth will be balanced by a poor recovery in profits and companies will find it hard to pass on higher operational costs caused by wage and commodity increases because of an incractable public who are standing firm on prices.
Added to this will be pressure from the strength of the pound, which is not set to decline and this will mean that UK businesses will be increasingly uncompetitive in the world market.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel