Economy
UK GDP rebounds 1.3% in Q4 FY21
Thursday, 31 March 2022, 9:59
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021…
Sector responds to Sunak’s ‘puzzling’ new tax plan
Thursday, 24 March 2022, 10:52
Sector responds to Sunak’s ‘puzzling’ new tax plan
The accountancy sector has passed a mixed response to the chancellor’s new tax plan set out in his Spring Statement…
Spring Statement: Chancellor raises NI threshold to £12,570
Wednesday, 23 March 2022, 13:42
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…
HMRC tax investigations hit 137,000 in second half of 2021
Monday, 21 March 2022, 10:54
HMRC tax investigations hit 137,000 in second half of 2021
HMRC has launched 137,000 tax investigations in the six months to December 2021, up 9% from the 126,000 investigations in…
BoE raises interest rates to 0.75%
Thursday, 17 March 2022, 12:20
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate…
AICPA and CIMA suspend services in Russia and Belarus
Monday, 14 March 2022, 9:22
AICPA and CIMA suspend services in Russia and Belarus
The Association of International Certified Professional Accountants (AICPA) and The Chartered Institute of Management Accountants (CIMA) have announced they will…
79% of UK SMBs to return to profitability but concerns remain
Monday, 28 February 2022, 11:07
79% of UK SMBs to return to profitability but concerns remain
Confidence levels amongst small and mid-sized businesses (SMBs) have increased globally, with 79% in the UK expecting to return to…
Chinese investment in the UK hits £3.59bn in 2021
Monday, 28 February 2022, 10:46
Chinese investment in the UK hits £3.59bn in 2021
The total value of disclosed deals involving Chinese investment in the UK was £3.59bn in 2021, with the number of…
Value of business tax reliefs jumps to a record £93.7bn per year
Monday, 14 February 2022, 10:42
Value of business tax reliefs jumps to a record £93.7bn per year
The value of tax reliefs claimed by UK businesses reached a record £93.7bn last year, up another 5% from the…
BoE raises interest rates to 0.5%
Thursday, 3 February 2022, 12:58
BoE raises interest rates to 0.5%
The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from…