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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

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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.

Inflation remains at 6.7% despite fall in food prices

Inflation remained unchanged at 6.7% in September as a fall in food prices was offset by an…

UK economy improves slightly in August

The UK economy is estimated to have grown by 0.2% in August 2023, following a fall of 0.6%…

HMRC increased compliance staff by 3,000, Price Bailey finds

HMRC has increased the number of compliance staff by over 3,000 in the past year alone in a…

HMRC should maintain responsibility for tax debt, REC warns

The Recruitment and employment Confederation (REC) is calling on the government to stay…

Bank of England keeps interest rates unchanged at 5.25%

Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates…

Inflation ‘unexpectedly’ falls to 6.7%

The headline rate of inflation has fallen by 0.1% to 6.7% in August, according to the latest…

Insolvencies climb 19% year-on-year in August

The number of registered company insolvencies in August increased by 19% to 2,308 from 1,941…

UK GDP falls by ‘worse than expected’ 0.5% in July

The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial…

Wage growth start to outpace rate of inflation

Pay growth has caught up with the rate of inflation for the first time in nearly two years,…

CEBR warns business closures could hit 28,000 in 2024

Rising interest rates could cause an average of 7,000 businesses to go bust every quarter in…
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