Popular now
Quantuma completes sale of Fairoak Foods to protect 60 jobs

Quantuma completes sale of Fairoak Foods to protect 60 jobs

Menzies achieves B Corp certification for social and environmental impact

Menzies achieves B Corp certification for social and environmental impact

FRC fines BDO £1.3m over NMCN accounting failures

FRC fines BDO £1.3m over NMCN accounting failures

Topic Hub

Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

HMRC tax penalties rise 25% in a year, UHY finds

The value of HMRC tax penalties has increased by 25% in the last year from £681m to £851m,…

HMRC further restricts Agent Dedicated Line without informing ATT

HMRC has announced further limitations on issues agents can call the Agent Dedicated Line…

IHT receipts hit £5.2bn in eight-month window

Inheritance tax receipts increased to £5.2bn in the eight months from April to November…

UK inflation falls to two-year low of 3.9% 

UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years,…

Industry reacts: Accountants welcome NI cut despite fiscal drag concerns

The accountancy sector has primarily welcomed plans to make full expensing permanent for…

Lower energy prices sees inflation drop to 4.6%

UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a…

UK economy to grow by around 0.5% in 2023 and 2024, PwC finds

The UK economy is expected to grow by around 0.5% in 2023 and 2024, and is likely to avoid…

UK economy stagnates in Q3

UK GDP has shown no growth in July-September (Q3) compared with an increase of 0.2% in the…

Western Europe sees decline in economic confidence in Q3

Economic confidence in Western Europe has sharply fallen in Q3 and is almost 20 points below…

IHT receipts hit £3.9bn

Inheritance tax receipts for April to September 2023 reached £3.9bn, according to new data…
Secret Link