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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.

HMRC collects over £70m in extra tax from profit-diverting firms

HMRC has collected over £70m in extra tax in the past year from multinational businesses who…

Inflation falls for second consecutive month to 6.8%

Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as…

UK economy grows by 0.2% in Q2

The UK economy has grown faster than expected in the three months to June, new figures from…

Business confidence declines among manufacturers in July

Hiring intentions and business confidence experienced declines across both the services and…

BoE raises interest rates to 5.25%

The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25%…

Personal insolvencies fall to lowest level since Q3 2020

The number of individuals entering a personal insolvency procedure has dropped to 26,390 its…

IHT receipts hit record high in June

Inheritance tax receipts for April 2023 to June 2023 hit £2.0bn, £0.2bn higher than the…

Inflation falls faster than expected in June

The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the…

Losses from error and fraud in R&D tax reliefs hit 16.7%

HMRC’s Annual Report and Accounts for 2022-23 has revealed that the overall level of error…

HMRC investigations yield £34bn this year

HMRC’s annual report has revealed that its investigations into tax evasion and tax avoidance…
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