Number of retailers going insolvent 19% to breach 2000
Business

Number of retailers going insolvent 19% to breach 2000

2w Accountancy Age

Number of retailers going insolvent 19% to breach ...

Body Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...

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British Business Bank extends ENABLE Funding facility with Time Finance to £64.4m
Brexit & Economy

British Business Bank extends ENABLE Funding facility with Time Finance to ...

3w Accountancy Age

British Business Bank extends ENABLE Funding facil...

British Business Bank has agreed to widen scope of facility to allow support for soft as well as hard assets Read More...

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Boost for small businesses as VAT threshold raised and business rates frozen
Economy

Boost for small businesses as VAT threshold raised and business rates froze...

3w Accountancy Age

Boost for small businesses as VAT threshold raised...

28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Read More...

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Nationwide acquires Virgin Money in a £2.9 Billion deal
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Nationwide acquires Virgin Money in a £2.9 Billion deal

1m Accountancy Age

Nationwide acquires Virgin Money in a £2.9 Billion...

Nationwide acquires Virgin Money for £2.9 billion, becoming the UK's second-largest mortgage lender and significantly altering the financial sector's ...

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Bank of England holds interest rate steady, signaling cautious optimism for future cuts amid economic recovery
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Bank of England holds interest rate steady, signaling cautious optimism for...

1m Accountancy Age

Bank of England holds interest rate steady, signal...

The Bank of England maintains the interest rate at 5.25%, reflecting optimism for economic recovery and potential future rate cuts, amidst signs of ea...

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UK inflation's unexpected decline sparks hope and caution among experts
Economy

UK inflation's unexpected decline sparks hope and caution among experts

1m Accountancy Age

UK inflation's unexpected decline sparks hope and ...

UK's inflation unexpectedly drops to a 2-year low at 3.4%, stirring mixed reactions. Experts see it as a positive sign, but caution about future risks...

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Is the wage chill enough? BoE waits and watches
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Is the wage chill enough? BoE waits and watches

1m Accountancy Age

Is the wage chill enough? BoE waits and watches

UK wage growth cools, sparking debate within the Bank of England. Will a slowdown be enough to tame inflation and avoid interest rate hikes? Household...

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UK Treasury faces £15 billion black hole by 2029 due to fuel duty freeze and rise of electric vehicles
UK Treasury

UK Treasury faces £15 billion black hole by 2029 due to fuel duty freeze an...

1m Accountancy Age

UK Treasury faces £15 billion black hole by 2029 d...

A decade of frozen rates takes a toll Successive Conservative governments have maintained a freeze on fuel duty since 2011, a policy that has proven p...

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Working families urged to tap into HMRC's Tax-Free Childcare scheme for Easter savings
More News

Working families urged to tap into HMRC's Tax-Free Childcare scheme for Eas...

1m Accountancy Age

Working families urged to tap into HMRC's Tax-Free...

Working parents can save on Easter childcare with the Tax-Free Childcare scheme. Read More...

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UK Spring Budget 2024: Navigating a transformed fiscal landscape 
Budget

UK Spring Budget 2024: Navigating a transformed fiscal landscape 

2m Accountancy Age

UK Spring Budget 2024: Navigating a transformed fi...

The UK's Spring Budget 2024 prioritises stability, growth, and fairness. Explore key reforms in public spending, tax, and inflation, and their impact ...

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Recession or not, local accountancy practices can help their clients to grow
Accounting Firms

Recession or not, local accountancy practices can help their clients to gro...

2m Warren Mead

Recession or not, local accountancy practices can ...

Sumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...

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Forget the budget, we need to be thinking longer-term
Budget

Forget the budget, we need to be thinking longer-term

2m Rachael King

Forget the budget, we need to be thinking longer-t...

Amid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...

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Mind your head (room)! What could we expect in next week’s Budget?
Budget

Mind your head (room)! What could we expect in next week’s Budget?

2m Robert Marchant

Mind your head (room)! What could we expect in nex...

Is there headroom for tax cuts in next week’s Budget, and if so, what will they be? The ‘headroom’ is, of course, a wholly fictitious number, created ...

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UK businesses on tenterhooks ahead of UK Spring Budget 2024
Budget

UK businesses on tenterhooks ahead of UK Spring Budget 2024

2m Accountancy Age

UK businesses on tenterhooks ahead of UK Spring Bu...

As the UK braces for the Spring Budget 2024, businesses across the nation are keenly awaiting Chancellor Jeremy Hunt’s fiscal announcements. Wit...

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Ten Budget predictions from the MHA tax partners
Budget

Ten Budget predictions from the MHA tax partners

2m MHA

Ten Budget predictions from the MHA tax partners

As we get closer to the Budget and there is talk of public spending reduction to fund his proposals, we think a cut by the Chancellor to the headline ...

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Deloitte announces scale back of regional deal advisory services
Big Four

Deloitte announces scale back of regional deal advisory services

2m Accountancy Age

Deloitte announces scale back of regional deal adv...

Following a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...

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75% of independent hospitality businesses say a VAT cut is vital to their survival
Tax

75% of independent hospitality businesses say a VAT cut is vital to their s...

2m Accountancy Age

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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Can accountants stop the insolvency rot?
Business

Can accountants stop the insolvency rot?

2m Institute of Financial Account...

Can accountants stop the insolvency rot?

November 2023 saw a 21% jump in insolvencies from November 2022, as 2,466 businesses filed for bankruptcy. Is there any way of slowing these growing s...

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ACCA Insights: 2024 Global economic outlook – Slow growth, high uncertainty
Brexit & Economy

ACCA Insights: 2024 Global economic outlook – Slow growth, high uncertainty

2m Jonathan Ashworth , Chief economist, ACCA

ACCA Insights: 2024 Global economic outlook – Slow...

The global economy looks set to grow slowly once again in 2024, and downside risks remain Read More...

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PwC reports UK M&A activity falls by almost a fifth in 2023
Mergers And Acquisitions

PwC reports UK M&A activity falls by almost a fifth in 2023

3m Accountancy Age

PwC reports UK M&A activity falls by almost a fift...

Analysis shows that while the majority of UK deals in 2023 were led by corporates, the number of deals involving private equity reached its highest le...

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SME's struggle to recruit apprentices due to high costs, BDO report reveals
Business

SME's struggle to recruit apprentices due to high costs, BDO report reveals

3m Accountancy Age

SME's struggle to recruit apprentices due to high ...

Ending the skills crisis is the top priority for businesses ahead of a general election, but BDO's research shows there are huge regional disparities ...

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Begbies Trainor report says 47,000 UK businesses are at risk of collapse
Brexit & Economy

Begbies Trainor report says 47,000 UK businesses are at risk of collapse

3m Accountancy Age

Begbies Trainor report says 47,000 UK businesses a...

The construction and property sectors, among others, bear the brunt of the crisis. Urgent measures are necessary to alleviate the burden of debt and f...

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Accountancy and finance sector remains resilient with 4.2% increase in salary
Talent

Accountancy and finance sector remains resilient with 4.2% increase in sala...

3m Accountancy Age

Accountancy and finance sector remains resilient w...

Large regional disparities remain in salaries across the UK, but in general, wages are on the rise. The cost of living is the greatest concern for tho...

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ACCA survey reveals declining confidence among accountants,
Brexit & Economy

ACCA survey reveals declining confidence among accountants,

3m Accountancy Age

ACCA survey reveals declining confidence among acc...

The GECS report indicates that concerns among accountants about increased costs have eased slightly. However, these concerns remain elevated by histor...

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Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know
Budget

Jeremy Hunt hints at further tax cuts at Davos: What accountants need to kn...

3m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

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Grant Thornton warns 40% of UK Councils are at risk of financial failure
Brexit & Economy

Grant Thornton warns 40% of UK Councils are at risk of financial failure

3m Accountancy Age

Grant Thornton warns 40% of UK Councils are at ris...

It is critical that a more comprehensive overhaul of both local government finance and models for social care is undertaken to address local councils'...

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Will 2024 be the year the IPO market rebounds following a year of challenge and change?
Business

Will 2024 be the year the IPO market rebounds following a year of challenge...

3m Accountancy Age

Will 2024 be the year the IPO market rebounds foll...

There is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...

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